Shenzhen Development Bank
| Shenzhen Development Bank | |
|---|---|
| legal form | Corporation |
| founding | 1987 |
| Seat | Shenzhen , China |
| management | Frank N. Newman (CEO and President) |
| Website | www.sdb.com.cn |
The Shenzhen Development Bank was a Chinese credit institute founded in 1987 with headquarters in Shenzhen . In 2011, Ping An Bank (subsidiary of Ping An Insurance ) acquired a controlling majority of shares in SDB. The SDB has served Ping An Bank as a shell since 2012 .