The banking sector is experiencing a downturn, with the "Big Four" banksIndustrial, Agricultural, China, and Constructioneach falling over 3%.

The banking sector declined against the trend during trading hours, with the four major banks, "Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and Bank of China," all falling by over 3%. Yunnan Rural Commercial Bank, Xiamen Bank, Qingdao Rural Commercial Bank, Changsha Bank, and Qilu Bank saw significant declines.