List of largest Chinese companies

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The headquarters of the oil company Sinopec in Beijing. Its parent China Petrochemical Corporation or Sinopec group was China's largest and the world's second-largest company by revenue in 2020, with a total annual revenue of over US$400 billion.[1] In terms of total assets, the Industrial and Commercial Bank of China was both China and the world's largest bank in 2020, with over US$4.3 trillion worth of assets.[2]

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[edit]

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 31 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[edit]

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[edit]

  1. ^ a b c "Global 500". Fortune. 2020. Retrieved 22 November 2020.
  2. ^ a b c d e f "The World's Biggest Public Companies (China)". Forbes. 2020. Retrieved 14 November 2020.
  3. ^ "Global 2000 - The World's Largest Public Companies 2019". Forbes. Retrieved 25 July 2019.
  4. ^ "State-owned enterprises: Fixing China Inc". The Economist. 30 August 2014. Retrieved 6 February 2015.

External links[edit]

See also[edit]