On June 30, China Construction Bank (00939.HK) declined 3.03% in regular trading, trading at HKD 7.99 per share, with turnover of HKD 778 million. The drop came as the banking sector faced broad selling pressure following the National Audit Office's disclosure of its annual audit report.

The audit report specifically named China Construction Bank, ICBC, Bank of Communications, and CITIC Bank for failing to effectively implement technology finance policies. The report found that their tech finance products were described as sounding impressive but lacking real adoption, with 642.22 billion yuan in loans issued without considering innovation scores, and 194 out of 970 designated tech sub-branches lacking any genuine technology focus. Additionally, 101.09 billion yuan in knowledge-property-pledged loans already had sufficient traditional collateral, undermining the product's intended purpose.

Within the Diversified Banks sector, the overall sector declined broadly. Among individual stocks, ABC down 3.55%, ICBC down 3.32%, BOC Hong Kong down 3.35%, Bank of China down 1.96%, HSBC Holdings down 0.61%.

(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.)