China Policy Banks Postpone Earnings, Echoing Last Year’s Delay
- CDB, EXIM Bank of China say review process hasn’t completed
- ‘Earnings delay will certainly cause some worries’: Wen
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China Development Bank, Agricultural Development Bank of China and the Export-Import Bank of China, the nation’s three policy banks, delayed the release of their 2020 earnings results, they said in regulatory filings.
The delay, which also occurred last year, is because the review process hasn’t completed, according to statements from China Development Bank and Export-Import Bank of China. Seperately, Agricultural Development Bank said regulators haven’t reviewed its financial data. The results were originally due before April 30.