Ping An Insurance (Group) Co. Ltd., listed on the Hong Kong Stock Exchange, has recently announced that its board of directors has approved the plan to merge Ping An Bank Co. with the Shenzhen Development Bank Co.

Ping An Insurance Group Company (PAIGC) has recently announced that the China Securities Regulatory Commission (CSRC) has approved their proposed plan to issue H-shares in exchange for shares in Shenzhen Development Bank.