China's biggest banks lose â¹97,000 crore in a week
China's biggest banks, including Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China, lost a combined $15 billion (nearly â¹97,000 crore) in value in a week. ICBC declined around 7.4% over the week, touching its lowest level versus the benchmark Hang Seng Index since January 2008. Moreover, China Construction Bank fell for a fifth consecutive week.