The Shenzhen bank boasts more than 200 branches in 18 cities across the country, which, if acquired by China Ping An, could more than make up for the insurer's inadequate banking network.

Ping An Bank Co. is relocating more than 100 staff based in Shanghai to its Shenzhen home base to cut costs as China’s banking industry struggles with profitability.

The board of directors of Ping An Insurance (Group) Company of China has approved the group's acquisition of Shenzhen Development Bank's 1.64 billion new shares through a private placement at a ...

HONG KONG (Dow Jones)--HSBC Holdings PLC (HBC) said Friday it signed a deal to sell its entire 27% stake in Ping An Bank Ltd. to Shenzhen Commercial Bank Co. for US$29.4 million.

SHANGHAI—Shenzhen Development Bank Co. said Friday it will spend as much as 2.7 billion yuan (US$427.6 million) to gain full control of its unit Ping An Bank Co. In July, Shenzhen Development ...

Ping An to buy more of Shenzhen Bank for $4.3 bln. Open in App. Get 45% Off. Sign In ...

Ping An Bank Ltd. engages in the provision of commercial and retail banking services. ... 1987 and is headquartered in Shenzhen, China. Ping An Bank Company Stats. As of April 2025. Industry ...

Ping An Bank Co., the first lender to report earnings next week, led a rally for financial stocks on speculation a slump that sent valuations to the biggest discount in a month compared with a ...

China's Ping An Insurance (Group) <601318.SS> and Shenzhen Development Bank <000001.SZ> are in talks over a potential tie-up, sources close to the deal said, as the foreign-controlled Shenzhen ...

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SHANGHAI/HONG KONG, June 8 (Reuters) - China's Ping An Insurance (Group) <601318.SS> and Shenzhen Development Bank <000001.SZ> are in talks over a potential tie-up, sources close to the deal said ...