Planned mainland financial reforms will go ahead as planned, even if the restructuring of China Development Bank (CDB) is delayed, analysts said.
A detailed CDB restructuring proposal was due to have been submitted to the State Council before the end of June, but the research bureau of the People's Bank of China (PBC) delayed it, the Economic Observer reported.
However, overall financial reforms in the mainland will continue, despite the CDB restructuring delay, analysts said.
'The CDB financial reform proposal could be finalised this year but its restructuring might have to wait until next year,' the newspaper said, citing an unnamed source.
It said CDB was still working on the plan, and had even begun considering listing issues, so the reforms could resume before the end of the year.
CDB and People's Bank of China yesterday could not be reached for comment.