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Shenzhen Development Bank

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2003

    RMB 1.5 Billion Problem Loan Case

    A RMB 1.5 billion loan issued by Shenzhen Development Bank in 2003 was misappropriated for the Beijing Dongzhimen project. After Newbridge took control, it investigated; former chairman Zhou Lin was criminally detained, and two successive presidents were investigated and dealt with. In 2008, a settlement recovered RMB 1 billion, and the full amount was recovered in 2015. Settlement and recovery.

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