Tencent Holdings rose by more than 7%, with the highest intraday price of HK $739.5, reaching a new record high. Its total market value exceeded HK $7 trillion, equivalent to about RMB 5.85 trillion, surpassing the sum of the market values of the six major state-owned banks in China. According to last Friday’s closing price, the market value of six state-owned banks, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Postal Savings Bank of China, and Bank of Communications, is 5.69 trillion yuan.
