Ping An Bank Co., Ltd. is a commercial bank offering financial services to both corporate and individual clients throughout China. It involves deposit, loan, settlement and exchange of local currency, acceptance and discount of local currency notes, trust business, issuance and trading of local securities, trade/non-trade settlement business, issuance and acting issuance of foreign securities, deposit, remittance and trading business of foreign exchange, credit investigation, consultation and witness business, spot transaction, purchase and leasing of gold, as well as other bank related businesses. On August 2, 2012, the Company changed its name from Shenzhen Development Bank Co., Ltd. to Ping An Bank Co., Ltd.