Bank stocks are strengthening against the trend, with both Agricultural Bank of China and Postal Savings Bank of China reaching new historic highs.

Banking stocks strengthened against the market in the afternoon, with Agricultural Bank of China and Postal Savings Bank of China both hitting new historical highs. Qingdao Bank, Qingdao Rural Commercial Bank, China CITIC Bank, Bank of Zhejiang, Shanghai Rural Commercial Bank, Huaxia Bank, and China Minsheng Bank also followed suit.