List of largest Chinese companies

The headquarters of the oil company Sinopec in Beijing. Sinopec was China's largest and the world's third-largest company by revenue in 2014, with a total annual revenue of over US$450 billion.[1] In terms of total assets, the Industrial and Commercial Bank of China was both China and the world's largest bank in 2014, with over US$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 2014, Fortune's Global 500 list of the world's largest corporations included 95 Chinese companies, with combined revenues of US$5.8 trillion.[1] 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.[3] Many of China's largest companies are state-owned enterprises, due to the significant presence of the governing Chinese Communist Party in the national economy.[4]

2014 Fortune list

This list displays the twenty 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 2014.[1] Also listed are the headquarters location, net profit and industry sector of each company.[1]

Rank Fortune 500
rank 		Name Headquarters 2014 revenue
(billions US$)[1] 		2014 net profit
(billions US$)[1] 		Industry
1 3 Sinopec Beijing 457.201 8.932 Oil
2 4 China National Petroleum Beijing 432.007 18.504 Oil
3 7 State Grid Corporation Beijing 333.386 7.982 Utilities
4 25 Industrial and Commercial Bank of China Beijing 148.802 42.718 Banking
5 38 China Construction Bank Beijing 125.397 34.912 Banking
6 47 Agricultural Bank of China Beijing 115.392 27.050 Banking
7 52 China State Construction Engineering Beijing 110.811 1.853 Construction
8 55 China Mobile Beijing 107.647 9.197 Telecommunications
9 59 Bank of China Beijing 105.622 25.520 Banking
10 76 Noble Group Hong Kong 97.878 0.234 Conglomerate
11 79 China National Offshore Oil Beijing 95.971 7.700 Oil
12 80 China Railway Construction Beijing 95.746 0.986 Construction
13 85 SAIC Motor Shanghai 92.024 4.034 Automotive
14 86 China Railway Group Beijing 91.152 1.524 Construction
15 98 China Life Insurance Beijing 80.909 0.594 Insurance
16 107 Sinochem Group Beijing 75.939 0.755 Oil/Chemicals
17 111 FAW Group Changchun 75.005 3.263 Automotive
18 113 Dongfeng Motor Group Wuhan 74.008 1,.48 Automotive
19 115 China Southern Power Grid Guangzhou 72.697 1.325 Utilities
20 122 China Development Bank Beijing 71.305 12.949 Banking

2014 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 2014.[2]

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 148.7 42.7 3,124.9 215.6 Banking
2 2 China Construction Bank Beijing 121.3 34.2 2,449.5 174.4 Banking
3 3 Agricultural Bank of China Beijing 136.4 27 2,405.4 141.1 Banking
4 9 Bank of China Beijing 105.1 25.5 2,291.8 124 .2 Banking
5 10 PetroChina Beijing 328.5 21.1 386.9 202 Oil
6 29 Sinopec Beijing 445.3 10.9 228.4 94.7 Oil
7 62 Ping An Insurance Shenzhen 59 4.6 552.8 66.1 Insurance
8 65 Bank of Communications Shanghai 46.6 10.1 942.2 48.7 Banking
9 66 China Life Beijing 68.4 4 327.2 79.8 Insurance
10 102 China Merchants Bank Shenzhen 32.2 8.1 634.7 45.2 Banking
11 121 China Minsheng Banking Beijing 34.1 6.8 541.2 33.6 Banking
12 124 China Shenhua Energy Beijing 42.8 7.2 80.4 57.6 Mining
13 129 Industrial Bank Co. Fuzhou 32.7 6.7 593.5 28.8 Banking
14 130 Shanghai Pudong Development Bank Shanghai 31.7 6.7 607.9 29.2 Banking
15 134 China CITIC Bank Beijing 27.8 5.7 555.6 32.5 Banking
16 150 China Telecom Beijing 52.3 2.9 89.7 37.4 Telecommunications
17 175 SAIC Motor Shanghai 88.3 4 56.4 24.7 Automotive
18 206 Everbright Hong Kong 21.2 4.2 404.2 18.6 Financial services
19 223 China State Construction Engineering Beijing 88.1 2.5 123.4 14 Construction
20 227 China Pacific Insurance Shanghai 33.2 1.6 118.6 23.2 Insurance

External Links

References

  1. 1 2 3 4 5 6 "Global 500". Fortune. 2014. Retrieved 27 January 2015.
  2. 1 2 3 4 5 6 "The World's Biggest Public Companies (China)". Forbes. 2014. Retrieved 27 January 2015.
  3. ↑ "The World's Largest Companies: China Takes Over The Top Three Spots". Forbes. 7 May 2014. Retrieved 27 January 2015.
  4. ↑ "State-owned enterprises: Fixing China Inc". The Economist. 30 August 2014. Retrieved 6 February 2015.

See also

This article is issued from Wikipedia - version of the Monday, March 14, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.