Ping An Bank Co., Ltd. is a Chinese

joint-stock A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are ...

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

with its

headquarters Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the to ...

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

. It primarily operates in Mainland China with a representative branch in Hong Kong. The bank offers services in retail and corporate banking, including investment banking services. As a subsidiary of

Ping An Insurance Ping An Insurance known also as Ping An of China (), full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries provide insurance, banking, asset management, financial, healthcare services. ...

, the bank is one of the three main pillars of Ping An Group: insurance, banking and asset management. The bank

reverse takeover A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compan ...

publicly traded company

Shenzhen Development Bank 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 ...

and retained the stock code of the bank in 2012. As one of twelve joint-stock commercial banks in China, Ping An Bank is a component of the

FTSE China A50 Index FTSE China A50 Index (was known as FTSE–Xinhua China A50 Index) is a stock market index by FTSE Group (FTSE–Xinhua joint venture until 2010), the components were chosen from Shanghai Stock Exchange and Shenzhen Stock Exchange, which issue A-sh ...

Hang Seng China 50 Index Hang Seng China 50 Index () is a pan-China stock market index to represent the top 50 China-based companies in the stock exchanges of Hong Kong, Shanghai and Shenzhen, which covers A share (mainland China), A share (shares circulated in mainland Chi ...

, and

CSI 300 Index The CSI 300 () is a capitalization-weighted stock market index designed to replicate the performance of the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It has two sub-indexes: the CSI 100 Index and the CS ...

amongst others.

Honors

Ping An Bank was awarded the Business Model of the Year for 2019 at The Asian Banker International Excellence in Retail Financial Awards 2019. Ping An Bank is China's first bank to receive the "Asia's Best Digital Bank" award in 2020. Ping An Bank Wins Gartner Innovation Award for Financial Services in 2020.

References

External links

* {{Navboxes , list = {{FTSE China A50 Index {{Hang Seng China 50 Index Ping An Insurance Companies listed on the Shenzhen Stock Exchange Companies in the CSI 100 Index Banks of China Companies based in Shenzhen Banks established in 1995 Chinese brands Civilian-run enterprises of China