Shenzhen Investment Holdings Bay Area Development switches financial reporting standards to HKFRS from IFRS

Reuters03-18

Shenzhen Investment Holdings Bay Area Development switches financial reporting standards to HKFRS from IFRS

Shenzhen Investment Holdings Bay Area Development said its board approved a change in financial reporting standards from IFRS to HKFRS, effective immediately. The company said the change follows its preparation of financial statements under HKFRS for a planned mainland China “Panda Bonds” issuance of up to RMB2 billion. It said financial statements for the year ended 31 December 2025 and subsequent periods will be prepared under HKFRS. The company said it does not expect the change to have a material effect on its financial position, operating results or cash flows.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shenzhen Investment Holdings Bay Area Development Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260318-12057698), on March 18, 2026, and is solely responsible for the information contained therein.

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