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 2019, Fortune's Global 500 list of the world's largest corporations included 119 Chinese companies, with combined revenues of US$8.2 trillion. That 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. Many of China's largest companies are state-owned enterprises, due to the significant presence of the Chinese government in the national economy.
2019 ''Fortune'' list
This list displays the twentyfive 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 billions of US dollars and are for the fiscal year 2018. Also listed are the headquarters location, net profit and industry sector of each company.Rank | Fortune 500 rank | Name | Headquarters | 2018 revenue | 2018 net profit | Industry | Type |
1 | 2 | Sinopec Group | Beijing | 414.650 | 5.845 | Oil | Public, State-owned |
2 | 4 | China National Petroleum | Beijing | 392.977 | 2.271 | Oil | State-owned |
3 | 5 | State Grid Corporation | Beijing | 387.056 | 8.175 | Utilities | State-owned |
4 | 21 | China State Construction Engineering | Beijing | 181.525 | 3.160 | Construction | State-owned |
5 | 26 | Industrial and Commercial Bank of China | Beijing | 168.979 | 45.002 | Banking | Public company, State-owned |
6 | 29 | Ping An Insurance | Shenzhen | 163.597 | 16.237 | Insurance | Public |
7 | 31 | China Construction Bank | Beijing | 151.111 | 38.498 | Banking | Public, State-owned |
8 | 36 | Agricultural Bank of China | Beijing | 139.524 | 30.657 | Banking | State-owned |
9 | 39 | SAIC Motor | Shanghai | 136.393 | 5.444 | Automotive | Public, State-owned |
10 | 44 | Bank of China | Beijing | 127.714 | 27.225 | Banking | Public, State-owned |
11 | 51 | China Life Insurance | Beijing | 116.172 | −2.567 | Insurance | Public, Government-owned |
12 | 55 | China Railway Engineering | Beijing | 112.133 | 1.241 | Construction | State-owned |
13 | 56 | China Mobile | Beijing | 112.096 | 11.745 | Telecommunications | State-owned |
14 | 59 | China Railway Construction | Beijing | 110.456 | 1.187 | Construction | Public, State-owned |
15 | 61 | Huawei | Shenzhen | 109.030 | 8.954 | Technology | Private |
16 | 63 | China National Offshore Oil | Beijing | 108.130 | 7.311 | Oil | State-owned |
17 | 67 | China Development Bank | Beijing | 103.073 | 16.744 | Banking | Government-owned |
18 | 80 | China Resources | Hong Kong | 91.986 | 3.475 | Conglomerate | Government-owned |
19 | 82 | Dongfeng Motor Group | Wuhan | 90.934 | 1.600 | Automotive | State-owned |
20 | 87 | FAW Group | Changchun | 75.005 | 3.263 | Automotive | State-owned |
21 | 88 | Sinochem | Beijing | 89.358 | 0.701 | Chemicals | Government-owned |
22 | 93 | China Communications Construction | Beijing | 88.141 | 1.585 | Construction | Public, Government-owned |
23 | 97 | Pacific Construction Group | Ürümqi | 86.622 | 3.391 | Construction | |
24 | 101 | China Post | Beijing | 85.627 | 4.134 | Logistics | State-owned |
25 | 107 | China Energy Investment | Beijing | 81.977 | 3.531 | Energy | State-owned |
2019 ''Forbes'' 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 2018.Rank | Forbes 2000 rank | Name | Headquarters | Revenue | Profit | Assets | Market value | Industry |
1 | 1 | Industrial and Commercial Bank of China | Beijing | 175.9 | 45.2 | 4,034.5 | 305.1 | Banking |
2 | 3 | China Construction Bank | Beijing | 150.3 | 38.8 | 3,382.4 | 225.0 | Banking |
3 | 4 | Agricultural Bank of China | Beijing | 137.5 | 30.9 | 3,293.1 | 197.0 | Banking |
4 | 7 | Ping An Insurance | Shenzhen | 151.8 | 16.3 | 1,038.3 | 220.2 | Insurance |
5 | 8 | Bank of China | Beijing | 126.7 | 27.5 | 3,097.6 | 143.0 | Banking |
6 | 22 | PetroChina | Beijing | 322.8 | 8.0 | 354.3 | 198.7 | Oil |
7 | 27 | China Mobile | Beijing | 111.8 | 17.9 | 223.7 | 197.6 | Telecommunications |
8 | 31 | China Merchants Bank | Shenzhen | 54.9 | 12.3 | 982.5 | 130.4 | Banking |
9 | 35 | Sinopec Group | Beijing | 399.7 | 9.5 | 233.0 | 105.6 | Oil |
10 | 39 | Bank of Communications | Shanghai | 64.8 | 11.2 | 1,388.2 | 63.6 | Banking |
11 | 55 | Industrial Bank Co. | Fuzhou | 49.7 | 9.3 | 951.0 | 62.4 | Banking |
12 | 59 | Alibaba Group | Hangzhou | 51.9 | 10.3 | 133.7 | 480.8 | E-commerce |
13 | 61 | Postal Savings Bank of China | Beijing | 61.0 | 8.0 | 1,386.1 | 48.8 | Banking |
14 | 65 | Shanghai Pudong Development Bank | Shanghai | 50.0 | 8.5 | 916.1 | 52.1 | Banking |
15 | 74 | Tencent | Shenzhen | 47.2 | 11.9 | 105.4 | 472.1 | Technology |
16 | 80 | China State Construction Engineering | Beijing | 178.8 | 5.8 | 271.4 | 41.0 | Construction |
17 | 93 | China CITIC Bank | Beijing | 45.6 | 6.8 | 883.6 | 42.9 | Banking |
18 | 94 | Evergrande Group | Shenzhen | 71.7 | 5.8 | 273.8 | 42.5 | Real estate |
19 | 100 | SAIC Motor | Shanghai | 135,2 | 5.4 | 114.0 | 51.5 | Automotive |
20 | 105 | China Life | Beijing | 98.3 | 1.9 | 474.8 | 114.2 | Insurance |
21 | 114 | China Minsheng Banking | Beijing | 46.7 | 7.7 | 873.2 | 33.9 | Banking |
22 | 124 | Vanke | Shenzhen | 41.1 | 5.0 | 222.6 | 46.5 | Real Estate |
23 | 129 | Country Garden | Shunde | 56.7 | 5.2 | 237.4 | 35.2 | Real Estate |
24 | 140 | China Pacific Insurance | Shanghai | 54.1 | 2.7 | 191.2 | 47.9 | Insurance |
25 | 151 | China Everbright Bank | Beijing | 33.1 | 5.1 | 634.7 | 31.8 | Banking |