Asia Pacific, Banking, Global Banking, Global Investment, News

Top Banks in China Lose $15 Billion in One Week

Top Banks in China Lose $15 Billion in One Week

Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd. and Bank of China Ltd. had their worst performance in the stock market since at least June 2016, while China Construction Bank Corp. declined for a fifth straight week. The banks were among the biggest decliners on a gauge of Chinese shares traded in Hong Kong, losing a total of $15 billion.

“Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd. and Bank of China Ltd. had their worst performance in the stock market since at least June 2016, while China Construction Bank Corp. declined for a fifth straight week.”

~ Bloomberg

The big losses are a turnaround for the banks which had risen along with the Hong Kong market earlier this year optimism over improving economic growth and corporate profits dominated concerns over bad debt.

Related Report: Bloomberg


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article