Shenzhen Development Bank Co., Ltd.
Shenzhen Development Bank (SDB) has international character. It was the first Chinese bank to receive significant foreign investment and its chairman and CEO, Frank Newman, is a former deputy secretary of the US Treasury. SDB has more than 250 bank branches in economic centers including Beijing, Shanghai, and Tianjin; it has correspondent branches in more than 70 international regions. The bank offers standard deposit and lending services to commercial and individual customers. It also trades in foreign and domestic securities and offers a mix of financial services including trust services and investment banking. Ping An Insurance owns about a third of SDB and plans to double that stake to control the bank.
Contact Details
Office Address
Shenzhen Development Bank Co., Ltd.
ShenzhenDevelopmentBankBuilding, 5047 ShenNan Dong Road, Shenzhen
Guangdong, China 518001
Phone: +86-755-8208-0387
Fax: +86-755-8208-0386
Executives
Chairman and CEO
Frank N. Newman
President
Xiao Suining