China's Bank of Jinzhou says in talks with possible investors under govt guidance

Bank of Jinzhou Co

25/07/2019 07:59

BEIJING, July 25 (Reuters) - China's Bank of Jinzhou
 0416.HK  said on Thursday it is in talks with multiple parties
for possible strategic investment, and the business operations
are overall normal, according to a statement issued on its
website.
    The discussion on possible strategic investment is under
guidance from local government and regulatory bodies, the Hong
Kong-listed bank said.
    Officials from the local branch of China's central bank and
other regulators recently met financial institutions in Liaoning
province to discuss measures to deal with liquidity problems,
Reuters reported on Wednesday.  urn:newsml:reuters.com:*:nL4N24P31K
    Bank of Jinzhou delayed the release of its annual report of
2018. The lender's auditor EY had quit before signing off on the
bank's 2018 accounts in June, after being unable to agree with
the bank on usage of some loans.

 (Reporting by Cheng Leng and Beijing Monitoring Desk; Editing
by Richard Borsuk)
 ((cheng.leng@thomsonreuters.com; +8610-5669-2129;))