Shenzhen Development Bank | |
Type: | public |
Successor: | Ping An Bank |
Fate: | reserve merger with Ping An Bank |
Defunct: | 2012 |
Location City: | Shenzhen |
Location Country: | China |
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 |
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.