On the morning of October 29, the banking index surged more than 1% to a new high. Individual stocks such as Bank of Qingdao, Bank of Chengdu, and Bank of Qilu all rose more than 3%. The four major banks also rose across the board, with ICBC rising more than 2%, to a record high. It is worth mentioning that the total market value of the four major banks in China Agriculture, Industry and Construction broke through the 10 trillion yuan mark in the intraday market, reaching a record high. Among them, the total market value of ICBC exceeds 2.9 trillion yuan, CCB exceeds 2.35 trillion yuan, Agricultural Bank approaches 2.6 trillion yuan, and Bank of China exceeds 2.1 trillion yuan.

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