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| HSI1 | 22,671.86 | -405.05 | 342.10B |
| HSCEI1 | 7,460.84 | -147.54 | 100.47B |
| Back Zoom + Zoom - Block Traded | |
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HK Stocks Once Slip Below 23,000 in Afternoon, Hit One-Year Low; BANK OF CHINA (03988.HK) Once Plunges 7% Amid Tax Evasion Scandal
2026-06-25 14:09:34 Hong Kong stocks reversed the previous day癒礎s gains that ended a five-session losing streak. The HSI opened down 23 points this morning (25th) and losses widened, once falling nearly 420 points in the afternoon to breach the 23,000 level, hitting a low of 22,992 points. It was last reported at 23,038 points, down 374 points or 1.6%, with turnover at HKD233.278 billion. BANK OF CHINA (03988.HK) once slumped 7% to an intraday low of HKD4.9, a near three-month trough. It was last at HKD5, down 5.12%, with turnover surging to HKD2.142 billion. The National Audit Office recently disclosed tax-related violations involving BANK OF CHINA. Between April 2023 and August 2025, BANK OF CHINA arranged two subordinate financial institutions as business channels and used large numbers of its employees to contribute RMB1 to RMB100 each to "make up the numbers", packaging 11 private equity funds into public fund products. By taking advantage of the income tax exemption policy for public funds, the bank cumulatively evaded RMB2.367 billion in taxes. Other major mainland banks also declined across the board. CCB (00939.HK) and ICBC (01398.HK) each fell 2.4%, while ABC (01288.HK) dropped 3.4%. CITIC BANK (00998.HK), CM BANK (03968.HK), BANKCOMM (03328.HK) and PSBC (01658.HK) fell 2% to 2.8%. CEB BANK (06818.HK) slipped 1%, and MINSHENG BANK (01988.HK) edged down 0.6%. (da/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |