On October 2, BANK OF CHINA fell 3.04% in regular trading, trading at HKD 5.90 per share, with turnover of HKD 716 million. The decline comes amid a dual headwind of a large-scale overseas credit card fraud incident and a broad selloff across diversified bank stocks.

On the news front, BANK OF CHINA's Great Wall Zhuojun Mastercard series credit cards were hit by widespread unauthorized overseas transactions. Multiple cardholders reported fraudulent charges originating in Brazil, the United Kingdom, and Paraguay, with settlement currencies including Brazilian real and Uruguayan peso, despite having made no overseas purchases. Many affected cards had been linked to Apple Pay, with transaction records showing the payment channel as Apple Pay. BANK OF CHINA's credit card center has initiated a transaction reversal process, confirming that cardholders will not need to repay the fraudulent charges and will suffer no additional financial loss. Both BANK OF CHINA and Mastercard have launched a joint investigation, though the root cause remains undisclosed.

The incident adds reputational pressure to the bank's credit card operations at a time when its credit card loan balance had already declined 7.57% to RMB 449.2 billion in the first half of the year, and the credit card center is undergoing a leadership transition. Within the Diversified Banks sector, the pullback was broad-based, with HSBC down 5.57%, ICBC down 3.37%, BOC HONG KONG down 3.06%, CCB down 3.0%, and CM BANK down 1.75%.

(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.)