| Successor | Ping An Bank |
|---|---|
| Fate | reserve merger with Ping An Bank |
| Defunct | 2012 |
| Foundation | 22 December 1987 |
| Location city | Shenzhen |
| Location country | China |
| Key people |
|
| Area served | China |
| Industry | Financial services |
| Services | Retail and corporate banking |
| Owner | Ping An Insurance (52.38%) |
| Parent | Ping An Insurance |
| Homepage | sdb.com.cn |
traditional Chinese: 深圳發展銀行股份有限公司; simplified Chinese: 深圳发展银行股份有限公司; pinyin: Shēnzhèn Fāzhǎn Yínháng Gǔfèn yǒuxiàn gōngsī Shenzhen Development Bank Co., Ltd. was a bank based in Shenzhen, Guangdong, China, listed on the Shenzhen Stock Exchange.
Ping An Insurance bought the controlling stake in Shenzhen Development Bank in 2011, from Newbridge Capital (16.76%) and from the general public, as well as subscribing new share by injecting Ping An Bank into Shenzhen Development Bank as its subsidiary.[1]
In 2012, the bank was reserved merger with Ping An Bank.
References
- ^ "2011 Annual Report". Shenzhen Development Bank. archive of Shenzhen Stock Exchange. 9 March 2012. Retrieved 27 October 2016.