Ping An says aims to integrate Shenzhen Dev Bank in 1 yr

HONG KONG, Sept 2 (Reuters) - Ping An Insurance (Group) Co Ltd (2318.HK), the world's second-biggest insurer, said on Thursday that it aims to complete the integration of Shenzhen Development Bank (000001.SZ) within one year.

Jason Yao, Ping An's deputy general manager and chief finance officer, made the remarks during a telephone conference.

Ping An (601318.SS) said late on Wednesday that it had agreed to buy a further 32 percent of Shenzhen Development Bank for 29.1 billion yuan ($4.3 billion), taking its stake in the company to more than 52 percent of the enlarged issued share capital. [ID:nTOE681009] (Reporting by Alison Leung; Editing by Chris Lewis)