China’s Bank of Communications Boss Warns of Tough Year Ahead

China’s Bank of Communications Boss Warns of Tough Year Ahead
People visit the Bank of Communications' booth at the 2021 China International Fair for Trade in Services in Beijing, on Sept. 3, 2021. Florence Lo/Reuters
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SHANGHAI—The president of China’s Bank of Communications Co. Ltd. (BoCom), on Friday warned it will be difficult for the lender to deliver satisfactory earnings this year.

“This year has been the most complex year in my nearly 30 years in this business,” bank president Liu Jun told a news conference following BoCom’s annual results.