Ping An Bank Co., Ltd. is a Chinese
joint-stock 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 co ...
with its
headquarters in
Shenzhen
Shenzhen (; ; ; ), also historically known as Sham Chun, is a major Sub-provincial division, sub-provincial city and one of the Special economic zones of China, special economic zones of China. The city is located on the east bank of the Pea ...
. 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, 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 com ...
publicly traded company
Shenzhen Development Bank 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,
Hang Seng China 50 Index, and
CSI 300 Index 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