On June 26, Agricultural Bank of China fell 3.14% in regular trading, trading at HKD 5.26/share, with turnover of HKD 149 million. The decline extends selling pressure that began after China's National Audit Office released its findings on June 23.
The audit report revealed that Agricultural Bank of China, as the primary lender serving agriculture, conducted lax pre-loan reviews from December 2021 to August 2025, issuing RMB 11.066 billion in loans to non-high-standard farmland projects in violation of regulations. Some of these funds were diverted to purchase wealth management products and repay debts. The bank was among seven major financial institutions named in the report, alongside Bank of China, which was cited for tax evasion of RMB 2.367 billion.
The broader Diversified Banks sector remains under pressure, with CCB down 2.41%, ICBC down 2.26%, CM Bank down 2.19%, Bank of China down 1.20%, and HSBC Holdings down 1.08%. Analysts note that while the audit findings weigh on sentiment, the violations disclosed may lead to potential reclassification of affected loans as non-performing assets.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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