China's banking index rose more than 1%, hitting a fresh high. Qingdao Bank
jumped over 7%; Chengdu Bank and Qilu Bank gained more than 4%. The four largest
state-owned banks all advanced; Industrial and Commercial Bank of China rose
over 2% to a record market cap. Combined market value of ICBC, China
Construction Bank, Agricultural Bank of China and Bank of China exceeded 10 tln
yuan intraday, a record. Individual market caps: ICBC >3.12 tln yuan, CCB >3.13
tln yuan, ABC >2.6 tln yuan, BOC >2.3 tln yuan.