List of largest Chinese companies

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The headquarters of the electric utility company State Grid in Beijing. It was China's largest and the world's second-largest company by revenue in 2021, with annual revenues of over US$386 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$4.9 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 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[]

  1. ^ a b "Global 500". Fortune. 2021. Retrieved 17 January 2022.{{cite web}}: CS1 maint: url-status (link)
  2. ^ a b "Global 2000". Forbes. 2021. Retrieved 17 January 2022.{{cite web}}: CS1 maint: url-status (link)
  3. ^ "State-owned enterprises: Fixing China Inc". The Economist. 30 August 2014. Retrieved 6 February 2015.

See also[]

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