Chinese Bank Stocks Fall; Bank of China Down Over 4%

The move is notable for its breadth: all the major state lenders and a regional bank fell together, which points to a sector-wide re-rating rather than an idiosyncratic story at one institution. Bank of China's outsized decline relative to the rest suggests its recent outperformance may be unwinding first. For RWA and tokenization watchers, the relevance is indirect but real, since these banks are the balance-sheet anchors that any institutional on-chain credit or deposit product would ultimately touch. Whether the selling broadens beyond banks into other financials is the open question.