Bank of China Shares Hit Record High, Sector Rallies
On August 31, Chinese banking stocks rallied, with Bank of China rising over 3% to a record high and CITIC Bank also hitting a new peak. Beijing Bank gained more than 4%, while other lenders including Qilu Bank, Postal Savings Bank, Bank of Changsha, and China Construction Bank posted gains.
On August 31, the banking sector trended higher overall. Bank of China shares rose more than 3%, reaching a record high, while CITIC Bank also hit an all-time high. Beijing Bank advanced over 4%, and other banking stocks, including Qilu Bank, Postal Savings Bank, Bank of Changsha, and China Construction Bank, posted gains of varying degrees.