Understanding Shenzhen Development Bank's Business and Operations

Shenzhen Development Bank has a strong focus on corporate banking, offering a range of services to large and medium-sized enterprises.

The bank has a significant presence in Shenzhen's financial market, with a large network of branches and a strong team of professionals.

Its business operations are centered around providing financial solutions to its corporate clients, including cash management, trade finance, and investment banking services.

Shenzhen Development Bank has a strong commitment to innovation, leveraging technology to improve its services and enhance customer experience.

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Ping An Insurance is set to invest in Shenzhen Development Bank, aiming to become a strategic investor and boost the bank's capital adequacy ratio.

The acquisition will be a two-part process, involving a private placement and the purchase of Newbridge Capital's stake in the bank. Ping An will subscribe to new shares in the bank and buy the entire stake held by Newbridge Capital.

Ping An will pay up to Rmb22 billion ($3.2 billion) for the stake, which is almost the same amount it agreed to pay for Fortis Group's global asset management business early last year.

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Ping An is investing in Shenzhen Development Bank (SDB) to become a strategic investor.

Ping An will pay up to Rmb22 billion for the stake if it pays entirely in cash, which is almost exactly the same amount it agreed to pay for Fortis Group's global asset management business last year.

The acquisition of the SDB stake will be a two-part process, including a private placement and a share swap.

In the private placement, Ping An will buy between 370 million and 585 million new SDB shares for Rmb18.26 each, which is an 8.7% discount to the last trading price.

Newbridge Capital, a subsidiary of Texas Pacific Group Capital, will sell 520 million shares to Ping An by the end of 2010.

Ping An's investment will help SDB boost its capital adequacy ratio, and will also help Ping An achieve its goal of becoming an integrated financial services company.

The price for the subscription shares will be up to Rmb10.6 billion, and these shares are subject to a three-year lock up.

Shenzhen Development Bank Co Ltd is planning to raise funds via private placements to strengthen its balance sheet.

The bank joins its rivals, including Bank of China Ltd, China Construction Bank Corp, and China Minsheng Banking Corp Ltd, in capital raising to comply with the government's stricter requirements.

A private placement may be the best way forward for the bank due to regulatory constraints.

The mid-sized Chinese bank has a market capitalisation of about HK$58 billion ($7.5 billion).

Shenzhen Development Bank Co Ltd has been reducing its lending to local government financing vehicles, which accounted for 22 percent of total loans a year ago.

Now, lending from local government financing vehicles accounts for 5-5.5 percent of total loans.

The bank will continue to reduce its exposure to local government financing vehicles.

Shenzhen Development Bank operates in the Banking industry.

The bank is a member of Ping An Insurance Company of China, Ltd., which directly or indirectly owns 29.99 percent of SZDB.

SZDB is currently in the process of obtaining regulatory approval for its proposed merger with Ping An Bank, a subsidiary of PAIG.

We're a bank that's been around for over 150 years, with a rich history of serving our community. Our roots date back to 1873 when we first opened our doors in a small town.

We're proud to be a locally-owned bank, with a strong presence in the region. Our commitment to the community has remained steadfast over the years.

Our mission is to provide personalized service to our customers, and we've built a reputation for being approachable and friendly. We offer a range of financial products and services to meet the diverse needs of our customers.

We're a full-service bank, offering checking and savings accounts, loans, credit cards, and more. Our experienced team is dedicated to helping you achieve your financial goals.

We're committed to staying up-to-date with the latest technology to ensure our customers have access to convenient banking services. Our online banking platform and mobile app make it easy to manage your finances on the go.

We're a bank that's deeply rooted in the community, and we're proud to support local businesses and organizations. We believe in giving back to the community that has supported us for so long.

Revenue is a crucial aspect of a bank's financial health. Shenzhen development bank's revenue is 501m - 1b. This indicates that the bank's income is substantial, likely due to its size and scope of operations.

The bank's revenue is a key metric that investors and analysts use to evaluate its performance. Shenzhen development bank's revenue is 501m - 1b, which is a significant amount of money.

A bank's revenue can come from various sources, including interest on loans, fees, and investment income. Shenzhen development bank's revenue is 501m - 1b, which suggests that it has a diverse revenue stream.

Shenzhen Development Bank has a significant presence with 266 branches in 18 major economic cities across China.

The bank has expanded its services to cover a wide geographic area, with representative offices in Hong Kong and Beijing.

Its correspondent network is extensive, with above 600 banks as correspondent banks in over 70 countries and regions abroad.

This allows the bank to facilitate international transactions and provide global banking services to its clients.

Shenzhen Development Bank has a strong foundation to support its operations, with a comprehensive strength that has been gradually built up over 20 years.

Shenzhen Development Bank has a significant workforce with 5001 to 10000 employees.

Understanding the company size is crucial in assessing its operational capacity and scope.

This range puts it in the category of a large-scale financial institution, capable of handling complex transactions and a large customer base.

The bank's substantial employee count also suggests a robust organizational structure, with various departments and teams working together to provide services.

This structure enables the bank to offer a wide range of financial products and services to its customers.

Shenzhen Development Bank operates in the Banking industry.

Moody's has a positive outlook on SZDB's ratings, reflecting the prospect of stronger franchise value.

The bank's franchise value is expected to improve due to its membership with Ping An Insurance Company of China, Ltd.

SZDB is in the process of obtaining regulatory approval for its proposed merger with Ping An Bank.

After the merger, PAIG will own about 52% of SZDB.

Moody's expects the merger to be completed in 2011, at which time they will consider upgrading SZDB's long-term deposit rating to Ba1.

Shenzhen Development Bank operates in the Banking industry. This is a significant sector that plays a crucial role in the country's economy.

Banking is a vital part of the economy, providing financial services to individuals and businesses. Shenzhen Development Bank is a key player in this industry.

The Banking industry is highly regulated, with strict rules and guidelines that must be followed. This ensures that banks operate in a safe and secure manner.

Shenzhen Development Bank has a strong presence in the market, with a wide range of financial products and services available to customers.

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