List of largest Chinese companies

The headquarters of the electric utility company State Grid in Beijing. It was China's largest and the world's third-largest company by revenue in 2021, with annual revenues of over US$460 billion.[1] The Industrial and Commercial Bank of China was both China and the world's largest company by assets in 2021, with over US$5.5 trillion in total 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 2022, Fortune's Global 500 list of the world's largest corporations included 145 Chinese companies in total.[1] Over the same year, Forbes reported that three 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]

## 2022 Fortune Global 500 List

[edit]

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 2022. 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

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1 | 3 | State Grid Corporation of China | Beijing | 460,616.9 | 7,137.8  | 735,429.9  | 871,145 | Electric power industry | State-owned enterprise
2 | 4 | China National Petroleum Corporation | Beijing | 411,692.9 | 9,637.5  | 660,007.6  | 1,090,345 | Petroleum industry | State-owned enterprise
3 | 5 | Sinopec | Beijing  | 401,313.5 | 8,316.1  | 380,674.7  | 542,286 | Petroleum industry  | State-owned enterprise
4 | 9 | China State Construction Engineering | Beijing  | 293,712.4 | 4,443.8  | 378,351.8  | 368,327 | Construction | State-owned enterprise
5 | 22 | Industrial and Commercial Bank of China | Beijing | 209,000.4 | 54,003.1  | 5,536,969.3  | 434,089 | Commercial bank | State-owned enterprise
7 | 24 | China Construction Bank | Beijing | 200,434.0 | 46,898.9  | 4,762,831.0  | 375,531 | Commercial bank  | State-owned enterprise
5 | 25 | Ping An Insurance | Shenzhen | 199,629.4 | 15,753.9  | 1,596,641.4  | 355,982 | Insurance | Public company
8 | 28 | Agricultural Bank of China | Beijing | 181,411.7 | 37,390.8  | 4,576,306.3  | 455,174 | Commercial bank  | State-owned enterprise
9 | 31 | Sinochem | Beijing | 172,260.3 | -197.7  | 241,750.2  | 220,760 | Chemical industry | State-owned enterprise
10 | 34 | China Railway Engineering Corporation | Beijing | 166,452.1 | 1,853.2  | 215,913.3  | 310,817 | Construction  | State-owned enterprise
11 | 39 | China Railway Construction Corporation | Beijing | 158,203.0 | 1,703.8  | 213,451.8  | 366,833 | Construction  | State-owned enterprise
12 | 40 | China Life Insurance Company | Beijing | 157,095.3 | 3,087.1  | 903,089.7  | 182,646 | Insurance  | State-owned enterprise
13 | 42 | Bank of China | Beijing | 152,409.3 | 33,573.3  | 4,206,862.0  | 306,322 | Commercial bank  | State-owned enterprise
14 | 44 | Baowu | Shanghai | 150,730.0 | 2,994.9  | 175,860.5  | 230,884 | Steelmaking | State-owned enterprise
15 | 46 | JD.com | Beijing | 147,526.2 | -551.8  | 78,164.2  | 385,357 | E-commerce | Public company
16 | 55 | Alibaba Group | Hangzhou | 132,935.7 | 9,700.5  | 267,466.9  | 254,941 | E-commerce  | Public company
17 | 57 | China Mobile | Beijing | 131,913.4 | 14,628.9  | 337,922.8  | 451,331 | Telecommunications | State-owned enterprise
18 | 58 | China Minmetals | Beijing | 131,800.4 | 616.8  | 158,043.5  | 193,965 | Metalworking | State-owned enterprise
19 | 60 | China Communications Construction Company | Beijing | 130,664.1 | 1,397.3  | 353,172.3  | 220,519 | Construction  | State-owned enterprise
20 | 65 | China National Offshore Oil Corporation | Beijing | 126,920.1 | 9,183.4  | 209,374.5  | 80,957 | Petroleum Industry  | State-owned enterprise
21  | 68  | SAIC Motor | Shanghai  | 120,900.2  | 3,803.4  | 144,349.5  | 146,145  | Automotive industry | State-owned enterprise
22  | 69  | Shandong Energy | Jinan | 120,012.3  | 173.7  | 118,292.0  | 243,124  | Coal mining | State-owned enterprise
23  | 70  | China Resources | Shenzhen  | 119,601.2  | 4,544.0  | 318,179.7  | 362,706  | Conglomerate | State-owned enterprise
24  | 75  | Hengli Group | Suzhou | 113,536.0  | 2,374.5  | 48,073.2  | 121,430  | Textile industry | Privately held company
25  | 76  | Amer International Group | Shenzhen  | 112,049.2  | 2,010.7  | 33,632.6  | 22,398  | Metalworking  | Privately held company

## 2022 Forbes Global 2000 List

[edit]

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 22 April 2022. 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

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1 | 2 | Industrial and Commercial Bank of China | Beijing | 208.13 | 54.03 | 5,518.51 | 214.43 | Commercial bank
2 | 5 | China Construction Bank | Beijing | 202.07 | 46.89 | 4,746.95 | 181.32 | Commercial bank
3 | 8 | Agricultural Bank of China | Beijing | 181.42 | 37.38 | 4,561.05 | 133.38 | Commercial bank
4 | 13 | Bank of China | Beijing | 152.43 | 33.57 | 4,192.84 | 117.83 | Commercial bank
5 | 17 | Ping An Insurance | Shenzhen | 181.37 | 15.74 | 1,587.11 | 121.69 | Insurance
6 | 21 | China National Petroleum Corporation | Beijing | 380.31 | 14.29 | 392.60 | 142.30 | Petroleum industry
7  | 24  | China Merchants Bank | Shenzhen  | 71.07  | 18.58  | 1,451.20  | 167.32  | Commercial bank
8  | 28  | Tencent | Shenzhen  | 86.86  | 34.94  | 252.99  | 414.28  | Video game industry
9 | 30 | Postal Savings Bank of China | Beijing | 77.61 | 11.33 | 1,975.08 | 125.53 | Commercial bank
10 | 33 | Alibaba Group | Hangzhou | 129.76 | 10.17 | 276.25 | 237.78 | E-commerce
11 | 45 | Sinopec | Beijing | 384.82 | 11.04 | 292.05 | 80.81 | Petroleum industry
12  | 55  | Industrial Bank (China) | Fuzhou | 60.53  | 12.82  | 1,350.32  | 68.59  | Commercial bank
13 | 62 | Bank of Communications | Shanghai | 76.00 | 12.98 | 1,830.40 | 52.82 | Commercial bank
14 | 71 | China Life Insurance Company | Beijing | 130.50 | 7.87 | 769.88 | 43.02 | Insurance
15 | 105 | China State Construction Engineering | Beijing | 205.79 | 5.87 | 374.72 | 36.91 | Construction
16 | 108 | Shanghai Pudong Development Bank | Shanghai | 54.77 | 8.47 | 1,247.94 | 36.60 | Commercial bank
17 | 137 | China Shenhua Energy | Beijing | 52.02 | 8.00 | 95.81 | 62.81 | Coal mining
18 | 149 | China CITIC Bank | Beijing | 56.99 | 8.63 | 1,261.96 | 25.26 | Commercial bank
19  | 190  | China Poly Group | Beijing  | 42.94  | 4.25  | 219.65  | 32.81  | Conglomerate
20 | 194 | China Telecom | Beijing | 68.15 | 4.02 | 121.10 | 35.23 | Telecommunications
21 | 198 | Vanke | Shenzhen | 71.42 | 3.50 | 304.19 | 27.92 | Real estate
22 | 204 | SAIC Motor | Shanghai | 121.42 | 3.71 | 133.97 | 28.87 | Automotive industry
23 | 206 | China Everbright Bank | Beijing | 42.38 | 6.72 | 926.05 | 20.11 | Commercial bank
24 | 208 | China Pacific Insurance Company | Shanghai | 68.07 | 4.16 | 300.52 | 22.69 | Insurance
25 | 219 | Midea Group | Foshan | 50.60 | 4.40 | 58.24 | 60.55 | Home appliance

## See also

[edit]

* List of companies of China
* List of largest companies by revenue

## References

[edit]

1. ^ a b "Global 500". Fortune. 2022. Retrieved 3 August 2022.
2. ^ a b "Global 2000". Forbes. 2022. Retrieved 3 August 2022.
3. ^ "State-owned enterprises: Fixing China Inc". The Economist. 30 August 2014. Retrieved 6 February 2015.

## External links

[edit]

* Jones, L. (2020), Beyond China Inc., Understanding Chinese companies (Transnational Institute)

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