Shenzhen Development Bank (SDB), the nation's first and only foreign investor-controlled lender, is seeking more branches across China after receiving a capital injection from the country's second largest insurer, Ping An, said Frank Newman, chairman and CEO of the bank, in an exclusive interview with China Daily.

"Opening new branches is our number one priority, because we found the bank's business could be well received in some cities where we haven't had presence so far," Newman said.

"The substantial capital addition from Ping An will move the bank up to a very strong capital position and put it in good shape to support future growth."