List of largest Chinese companies
This article lists the largest companies in China in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes. In 2020, Fortune's Global 500 list of the world's largest corporations included 124 Chinese companies in total. Over the same year, Forbes reported that five of the world's ten largest public companies were Chinese, including the world's largest bank by total assets, the Industrial and Commercial Bank of China.[3] Many of China's largest companies are state-owned enterprises, due to the significant presence of the Chinese government in the national economy.[4]
2020 Fortune Global 500 List
This list displays the twenty five largest Chinese companies according to the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year ending 31st March 2020.[1] Also listed are the headquarters, number of employees and main industry of each company, in addition to their ownership characteristics.[1]
| Rank | List Rank | Name | Headquarters | Revenue (US$ Million) | Profit (US$ Million) | Assets (US$ Million) | Employees | Industry | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | Sinopec Group | Beijing | 407,009 | 6,793.2 | 317,515.7 | 582,648 | Petroleum | State-owned |
| 2 | 3 | State Grid Corporation of China | Beijing | 383,906 | 7,970.0 | 596,616.3 | 907,677 | Electric utility | State-owned |
| 3 | 4 | China National Petroleum | Beijing | 379,130 | 4,443.2 | 608,085.6 | 1,344,410 | Petroleum | State-owned |
| 4 | 18 | China State Construction Engineering | Beijing | 205,839 | 3,333.0 | 294,070.0 | 335,038 | Construction | State-owned |
| 5 | 21 | Ping An Insurance | Shenzhen | 184,280 | 21,626.7 | 1,180,488.5 | 372,194 | Insurance | Public |
| 6 | 24 | Industrial and Commercial Bank of China | Beijing | 177,069 | 45,194.5 | 4,322,528.4 | 445,106 | Commercial bank | State-owned |
| 7 | 30 | China Construction Bank | Beijing | 158,884 | 38,609.7 | 3,651,644.6 | 370,169 | Commercial bank | State-owned |
| 8 | 35 | Agricultural Bank of China | Beijing | 147,313 | 30,701.2 | 3,571,541.7 | 467,631 | Commercial bank | State-owned |
| 9 | 43 | Bank of China | Beijing | 135,091 | 27,126.9 | 3,268,837.9 | 309,384 | Commercial bank | State-owned |
| 10 | 45 | China Life Insurance | Beijing | 131,244 | 4,660.3 | 648,393.2 | 180,401 | Insurance | State-owned |
| 11 | 49 | Huawei | Shenzhen | 124,316 | 9,062.1 | 123,269.9 | 194,000 | Telecommunications equipment | Limited (Private) |
| 12 | 50 | China Railway Engineering Corporation | Beijing | 123,324 | 1,535.3 | 152,982.5 | 302,394 | Construction | State-owned |
| 13 | 52 | SAIC Motor | Shanghai | 122,071 | 3,706.1 | 121,930.8 | 151,785 | Automotive | State-owned |
| 14 | 54 | China Railway Construction | Beijing | 120,302 | 1,359.2 | 155,597.9 | 364,907 | Construction | State-owned |
| 15 | 64 | China National Offshore Oil | Beijing | 108,687 | 6,957.2 | 184,922.2 | 92,080 | Petroleum | State-owned |
| 16 | 65 | China Mobile | Beijing | 108,527 | 12,145.1 | 266,190.3 | 457,565 | Telecommunications | State-owned |
| 17 | 75 | Pacific Construction Group | Ürümqi | 97,536 | 3,455 | 63,694.6 | 453,635 | Construction | Private |
| 18 | 78 | China Communications Construction | Beijing | 95,096 | 1,332.6 | 232,053.4 | 197,309 | Construction | State-owned |
| 19 | 79 | China Resources | Hong Kong | 94,758 | 3,571.6 | 232,277.1 | 396,456 | Pharmaceutical | State-owned |
| 20 | 89 | FAW Group | Changchun | 89,417 | 2,847.8 | 70,353.7 | 129,580 | Automotive | State-owned |
| 21 | 90 | China Post | Beijing | 89,347 | 4,440.9 | 1,518,542.8 | 927,171 | Courier | State-owned |
| 22 | 91 | Amer International Group | Shenzhen | 88,862 | 1,807.3 | 23,170.8 | 18,103 | Metal | Private |
| 23 | 92 | China Minmetals | Beijing | 88,357 | 230.1 | 133,441.7 | 199,486 | Metal | State-owned |
| 24 | 100 | Dongfeng Motor | Wuhan | 84,049 | 1,328.4 | 71,423.3 | 154,641 | Automotive | State-owned |
| 25 | 102 | JD.com | Beijing | 83,505 | 1,763.7 | 37,286.1 | 227,730 | E-commerce | Public |
2020 Forbes Global 2000 List
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The table below also lists the headquarters location and industry sector of each company. The figures are in billions of US dollars and are for the fiscal year 2020.[2]
| 2020 Rank | Forbes 2000 rank | Name | Headquarters | Revenue (billions US$)[2] | Profit (billions US$)[2] | Assets (billions US$)[2] | Market value (billions US$)[2] | Industry |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Industrial and Commercial Bank of China | Beijing | 177.2 | 45.3 | 4,322.5 | 242.3 | Banking |
| 2 | 2 | China Construction Bank | Beijing | 162.1 | 38.9 | 3,822.0 | 203.8 | Banking |
| 3 | 5 | Agricultural Bank of China | Beijing | 148.7 | 30.9 | 3,697.5 | 147.2 | Banking |
| 4 | 7 | Ping An Insurance | Shenzhen | 155.8 | 18.8 | 1,218.6 | 187.2 | Insurance |
| 5 | 10 | Bank of China | Beijing | 135.4 | 27.2 | 3,837.6 | 112.8 | Banking |
| 6 | 26 | China Merchants Bank | Shenzhen | 58.4 | 13.7 | 1094.9 | 120.9 | Banking |
| 7 | 30 | Postal Savings Bank of China | Beijing | 64.4 | 9.0 | 1,522.4 | 92 | Banking |
| 8 | 31 | Alibaba Group | Hangzhou | 70.6 | 24.7 | 189.4 | 545.4 | E-commerce |
| 9 | 32 | PetroChina | Beijing | 364.1 | 6.6 | 392.3 | 65.9 | Oil |
| 10 | 37 | China Life | Beijing | 103.7 | 8.5 | 536.2 | 60.3 | Insurance |
| 11 | 45 | Bank of Communications | Shanghai | 66.6 | 11.2 | 1,422.1 | 47.1 | Banking |
| 12 | 50 | Tencent | Shenzhen | 54.6 | 13.5 | 137 | 500.7 | Technology |
| 13 | 57 | Industrial Bank Co. | Fuzhou | 50.2 | 9.2 | 1,045.0 | 49 | Banking |
| 14 | 60 | Sinopec Group | Beijing | 369.2 | 3.3 | 254.8 | 76.6 | Oil |
| 15 | 65 | Shanghai Pudong Development Bank | Shanghai | 50.0 | 8.6 | 1.029.3 | 44.2 | Banking |
| 16 | 79 | China State Construction Engineering | Beijing | 203 | 6.1 | 292.3 | 30.7 | Construction |
| 17 | 90 | China Minsheng Banking | Beijing | 48.5 | 7.8 | 959.2 | 32.8 | Banking |
| 18 | 100 | Vanke | Shenzhen | 53.5 | 5.6 | 245.3 | 37.6 | Real Estate |
| 19 | 111 | Country Garden | Shunde | 70.1 | 5.7 | 273.8 | 27.8 | Real Estate |
| 20 | 113 | China CITIC Bank | Beijing | 49.3 | 7.1 | 991.4 | 23.9 | Banking |
| 21 | 130 | China Pacific Insurance | Shanghai | 55.8 | 4 | 215.7 | 30 | Insurance |
| 22 | 131 | SAIC Motor | Shanghai | 121.1 | 3.7 | 121.9 | 31.3 | Automotive |
| 23 | 148 | China Everbright Bank | Beijing | 35.6 | 5.5 | 737.6 | 22.3 | Banking |
| 24 | 154 | Evergrande Group | Shenzhen | 69.4 | 2.5 | 316.8 | 23.5 | Real estate |
| 25 | 168 | China Shenhua Energy | Beijing | 35 | 6.1 | 80.8 | 35.6 | Coal Mining |
References
- "Global 500". Fortune. 2020. Retrieved 22 November 2020.
- "The World's Biggest Public Companies (China)". Forbes. 2020. Retrieved 14 November 2020.
- "Global 2000 - The World's Largest Public Companies 2019". Forbes. Retrieved 25 July 2019.
- "State-owned enterprises: Fixing China Inc". The Economist. 30 August 2014. Retrieved 6 February 2015.
