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 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]

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]

2022 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 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
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

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
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
12p	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

• List of companies of China
• List of largest companies by revenue

References

1. "Global 500". Fortune. 2022. Retrieved 3 August 2022.
2. "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

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