China’s Bank of Jinzhou Posts Net Loss After Delay in Filing

BEIJING—China’s troubled lender Bank of Jinzhou reported a 4.59 billion yuan (about $640 million) net loss in 2018 after a monthslong delay in filing its annual report amid rising concern over the deteriorating health of some small lenders.

The Hong Kong-listed lender said late Friday that its net loss was a result of increased bad loans and a change of accounting measures that have more-stringent requirements on loan impairment. In 2017, the bank reported 8.98 billion yuan in net profit.


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