Beijing has delayed this year's National Financial Work Conference, the South China Morning Post reported Wednesday. Citing a vague comment from the National Development and Reform Commission, which historically has overseen the country's economic and industrial policy, the report said the conference will now be held no earlier than late September. The apparent delay of the conference, which takes place every five years and in the past has produced pivotal economic policy changes, lends credence to media speculation that China's leaders are not of one mind when it comes to the economy. The report also comes a day after Chinese authorities announced a plan to overhaul the leadership, personnel and organizational structures of the Communist Youth League. Founded in 1920 to cultivate new generations of loyal cadres, the Communist Youth League has long been an important pipeline for future Party leaders and a powerful tool for dispensing Party patronage.