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| HSI1 | 22,671.86 | 0.00 | -- |
| HSCEI1 | 7,460.84 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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HSI Once Slips Below 23,000 in PM, Hitting 1-Yr Low; BOC Once Plunges 7% Amid Tax Evasion Allegations
2026-06-25 14:09:34 Hong Kong bourse reversed the previous day’s upswing that ended a five-session losing streak. The HSI opened down 23 points this morning (25th). With losses widening, it once slid nearly 420 points in the afternoon to bust below the 23,000 level, hitting a low of 22,992. It last reported at 23,038, down 374 points or 1.6%, with turnover at HKD233.278 billion. BANK OF CHINA (03988.HK) once plunged 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 Chinese banks shrank across the board. CCB (00939.HK) and ICBC (01398.HK) each tumbled 2.4%, while ABC (01288.HK) shed 3.4%. CITIC BANK (00998.HK), CM BANK (03968.HK), BANKCOMM (03328.HK) and PSBC (01658.HK) cratered 2-2.8%. CEB BANK (06818.HK) dipped 1%, and MINSHENG BANK (01988.HK) edged down 0.6%. ~ AASTOCKS Financial News Website: www.aastocks.com | |