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]
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

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

References

  1. ^ a b "Global 500". Fortune. 2022. Retrieved 3 August 2022.((cite web)): CS1 maint: url-status (link)
  2. ^ a b "Global 2000". Forbes. 2022. Retrieved 3 August 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