Aug. 27, 2024
China's Big Four Banks Reach New Highs as A-Share Bank Stocks Defy Market Trends
TMTPOST— The Big Four state-owned banks in China have reached new highs as bank stocks on the A-share market defied broader market trends. Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, Bank of China, and China Construction Bank all saw their intraday stock prices surge to record levels. This strong performance highlights investor confidence in the stability and profitability of China’s largest banks, despite challenges faced by other sectors in the stock market. Analysts attribute the rise to recent policy measures aimed at supporting the financial sector and enhancing liquidity in the banking system.
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