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Tencent Holdings has a market value of over HK $7 trillion, surpassing the six major China state-owned banks

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.

Cheryl Fu

Cheryl is adept at capturing the most topical business news and has her own unique analysis. This is rare for a young person and she's offered up some really interesting ideas since joining FirmKnow Media.

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