China Construction Bank shares hit record high as A-share banking sector rallies

The record high matters less as a CCB story than as a signal of where domestic Chinese capital is finding comfort: the largest state-linked lenders, not growth or tech exposure. A sector-wide rally lifting the biggest bank to an all-time intraday peak suggests defensive positioning and a preference for balance-sheet scale over earnings upside. The item gives no volume, valuation or flow detail, so whether this reflects broad institutional rotation or narrow momentum chasing remains the open question — and whether the sector holds its gains once the rally broadens is worth watching.