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 2021, Fortune's Global 500 list of the world's largest corporations included 135 Chinese companies in total.[1] Over the same year, Forbes reported that four 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.[2] Many of China's largest companies are state-owned enterprises, due to the significant presence of the Chinese government in the national economy.[3]
2021 Fortune Global 500 List
This list details 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 their respective fiscal year ending on or before 31 March 2021. Also listed for each company are the location of its headquarters, their primary industry and their number of employees, in addition to ownership characteristics.
| Rank | List Rank | Name | Headquarters | Revenue (US$ Million) | Profit (US$ Million) | Assets (US$ Million) | Employees | Industry | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | State Grid Corporation of China | Beijing | 386,617.7 | 5,580.4 | 666,088.5 | 896,360 | Electric power industry | State-owned enterprise |
| 2 | 4 | China National Petroleum Corporation | Beijing | 283,957.6 | 4,575.2 | 626,616.7 | 1,242,245 | Petroleum industry | State-owned enterprise |
| 3 | 5 | China Petrochemical Corporation | Beijing | 283,727.6 | 6,205.2 | 343,289.0 | 553,833 | Petroleum industry | State-owned enterprise |
| 4 | 13 | China State Construction Engineering | Beijing | 234,425.0 | 3,578.4 | 338,033.2 | 356,864 | Construction | State-owned enterprise |
| 5 | 16 | Ping An Insurance | Shenzhen | 191,509.4 | 20,738.9 | 1,460,210.0 | 362,035 | Insurance | Public company |
| 6 | 20 | Industrial and Commercial Bank of China | Beijing | 182,794.4 | 45,783.4 | 5,110,353.7 | 439,787 | Commercial bank | State-owned enterprise |
| 7 | 25 | China Construction Bank | Beijing | 172,000.2 | 39,282.5 | 4,311,456.6 | 373,814 | Commercial bank | State-owned enterprise |
| 8 | 29 | Agricultural Bank of China | Beijing | 153,884.6 | 31,293.4 | 4,169,355.9 | 462,592 | Commercial bank | State-owned enterprise |
| 9 | 32 | China Life Insurance Company | Beijing | 144,589.1 | 4,648.1 | 776,308.8 | 183,417 | Insurance | State-owned enterprise |
| 10 | 35 | China Railway Engineering Corporation | Beijing | 141,383.6 | 1,638.8 | 185,315.7 | 308,483 | Construction | State-owned enterprise |
| 11 | 39 | Bank of China | Beijing | 134,045.6 | 27,952.1 | 3,739,871.1 | 309,084 | Commercial bank | State-owned enterprise |
| 12 | 42 | China Railway Construction Corporation | Beijing | 131,992.3 | 1,485.5 | 190,916.1 | 364,632 | Construction | State-owned enterprise |
| 13 | 44 | Huawei | Shenzhen | 129,183.5 | 9,361.6 | 134,383.8 | 197,000 | Telecommunications equipment | Privately held company |
| 14 | 56 | China Mobile | Beijing | 111,825.5 | 12,920.1 | 304,527.8 | 455,721 | Telecommunications | State-owned enterprise |
| 15 | 59 | JD.com | Beijing | 108,087.0 | 7,160.2 | 64,718.4 | 314,906 | E-commerce | Public company |
| 16 | 60 | SAIC Motor | Shanghai | 107,555.2 | 2,961.0 | 140,906.5 | 143,261 | Automotive industry | State-owned enterprise |
| 17 | 61 | China Communications Construction Company | Beijing | 106,867.7 | 1,165.0 | 306,555.0 | 213,438 | Construction | State-owned enterprise |
| 18 | 63 | Alibaba Group | Hangzhou | 105,865.7 | 22,224.0 | 257,977.7 | 251,462 | E-commerce | Public company |
| 19 | 65 | China Minmetals | Beijing | 102,014.8 | 491.1 | 150,651.9 | 205,015 | Metalworking | State-owned enterprise |
| 20 | 66 | FAW Group | Changchun | 101,075.8 | 2,866.5 | 74,933.4 | 121,002 | Automotive industry | State-owned enterprise |
| 21 | 67 | Hengli Group | Suzhou | 100,773.1 | 2,372.7 | 40,747.7 | 118,496 | Textile industry | Privately held company |
| 22 | 68 | Amer International Group | Shenzhen | 100,280.5 | 1,851.7 | 31,046.8 | 20,180 | Metalworking | Privately held company |
| 23 | 69 | China Resources | Shenzhen | 99,437.6 | 4,330.2 | 275,691.9 | 370,955 | Pharmaceutical industry | State-owned enterprise |
| 24 | 70 | Shandong Energy | Jinan | 97,860.6 | 1,161.9 | 104,996.6 | 244,832 | Coal mining | State-owned enterprise |
| 25 | 72 | Baowu | Shanghai | 97,643.1 | 3,628.7 | 155,413.2 | 234,570 | Steelmaking | State-owned enterprise |
2021 Forbes Global 2000 List
This list details the twenty five largest Chinese companies according to 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, assigning an equal weighting to revenue, profit, assets and market value. The figures are given in billions of US dollars and are for the trailing twelve months up to 16 April 2021. Also listed for each company are the location of its headquarters and their primary industry.
| Rank | List Rank | Name | Headquarters | Revenue (billions US$) | Profit (billions US$) | Assets (billions US$) | Market Value (billions US$) | Industry |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Industrial and Commercial Bank of China | Beijing | 190.5 | 45.8 | 4,914.7 | 249.5 | Commercial bank |
| 2 | 4 | China Construction Bank | Beijing | 173.5 | 39.3 | 4,301.7 | 210.4 | Commercial bank |
| 3 | 6 | Ping An Insurance | Shenzhen | 169.1 | 20.8 | 1,453.8 | 211.2 | Insurance |
| 4 | 9 | Agricultural Bank of China | Beijing | 153.9 | 31.3 | 4,159.9 | 140.1 | Commercial bank |
| 5 | 14 | Bank of China | Beijing | 134.0 | 27.9 | 3,731.4 | 116.7 | Commercial bank |
| 6 | 22 | China Merchants Bank | Shenzhen | 60.4 | 14.1 | 1,278.5 | 192.8 | Commercial bank |
| 7 | 23 | Alibaba Group | Hangzhou | 93.8 | 23.3 | 250.1 | 657.5 | E-commerce |
| 8 | 28 | Postal Savings Bank of China | Beijing | 67.2 | 9.3 | 1,736.2 | 112.4 | Commercial bank |
| 9 | 29 | Tencent | Shenzhen | 70.0 | 23.3 | 203.9 | 773.8 | Video game industry |
| 10 | 48 | China Petrochemical Corporation | Beijing | 271.1 | 4.8 | 265.1 | 82.6 | Petroleum industry |
| 11 | 49 | China Life Insurance Company | Beijing | 113.8 | 7.3 | 651.9 | 57.3 | Insurance |
| 12 | 50 | Industrial Bank (China) | Fuzhou | 53.8 | 9.7 | 1,207.2 | 66.5 | Commercial bank |
| 13 | 57 | Bank of Communications | Shanghai | 67.6 | 11.1 | 1,635.8 | 47.9 | Commercial bank |
| 14 | 63 | China National Petroleum Corporation | Beijing | 280.7 | 2.9 | 380.5 | 66.7 | Petroleum industry |
| 15 | 68 | Shanghai Pudong Development Bank | Shanghai | 52.3 | 8.5 | 1,215.7 | 47.4 | Commercial bank |
| 16 | 96 | Vanke | Shenzhen | 62.6 | 6.1 | 285.8 | 42.2 | Real estate development |
| 17 | 100 | China State Construction Engineering | Beijing | 215.3 | 6.1 | 323.0 | 33.0 | Construction |
| 18 | 101 | JD.com | Beijing | 108.3 | 7.2 | 64.6 | 119.4 | E-commerce |
| 19 | 125 | China Pacific Insurance Company | Shanghai | 61.2 | 3.6 | 266.6 | 36.3 | Insurance |
| 20 | 128 | China CITIC Bank | Beijing | 50.4 | 7.1 | 1,148.5 | 26.5 | Commercial bank |
| 21 | 139 | SAIC Motor | Shanghai | 106.7 | 3.0 | 140.6 | 36.4 | Automotive industry |
| 22 | 140 | Country Garden | Foshan | 67.3 | 5.1 | 308.2 | 27.2 | Real estate development |
| 23 | 148 | China Minsheng Bank | Beijing | 49.0 | 4.9 | 1,062.8 | 24.5 | Commercial bank |
| 24 | 162 | China Everbright Bank | Beijing | 37.1 | 5.5 | 820.8 | 23.9 | Commercial bank |
| 25 | 172 | China Shenhua Energy | Beijing | 33.9 | 5.2 | 86.1 | 42.4 | Coal mining |
References
- "Global 500". Fortune. 2021. Retrieved 17 January 2022.
{{cite web}}: CS1 maint: url-status (link) - "Global 2000". Forbes. 2021. Retrieved 17 January 2022.
{{cite web}}: CS1 maint: url-status (link) - "State-owned enterprises: Fixing China Inc". The Economist. 30 August 2014. Retrieved 6 February 2015.
