On June 30, ICBC fell 3.02% in regular trading, trading at HK$6.42/share, with turnover of HK$475 million. The decline came amid continued fallout from a national audit report and broad-based weakness across the banking sector.

On the news front, China's National Audit Office recently disclosed its annual audit report, naming ICBC along with China Construction Bank, Bank of Communications, and CITIC Bank for failures in implementing sci-tech finance policies. The report found that their specialized sci-tech finance products and services failed to precisely address enterprise financing needs, describing the situation as \"applauded but not adopted.\" Specific issues included: 642.22 billion yuan in loans issued without considering innovation credit scores, 101.09 billion yuan in intellectual property pledge loans where traditional collateral was already sufficient, and 54.37 billion yuan in sci-tech M&A loans that effectively served as ordinary financing tools rather than supporting technological synergies. Additionally, 194 out of 970 designated sci-tech sub-branches were found to lack any actual technology specialization.

The broader Diversified Banks sector traded uniformly lower, with ABC down 3.36%, BOC Hong Kong down 3.03%, CCB down 2.55%, Bank of China down 1.77%, and HSBC down 0.54%.

(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.)