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China Development and Reform Commission and China Development Bank issued a document “ development finance strengthens support for industrial transformation of old industrial cities and resource-based cities”
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As reported by Reuters, China's National Development and Reform Commission and China Development Bank recently issued a "Notice on Promoting Development Finance to Support the Construction of Demonstration Zones for Industrial Transformation and Upgrading," calling for further efforts to support development finance and support demonstration zones in building innovation platforms , improve the infrastructure of industrial transformation and upgrading demonstration parks, promote industrial transformation and upgrading, enhance the comprehensive carrying capacity of cities, and accelerate the green transformation of energy and resources industries.
It's clear that China government actively engaged with business of China Development Bank as a related party. Has China Development Bank fully disclosed related party transactions in its financial statements presented using International Financial Reporting Standards?
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