BUSINESS INSIDER: THE 14 LARGEST CHINESE COMPANIES …

  • Over the last few years, Chinese companies have grown to become globally competitive rivals to American firms.
  • Fortune Magazine released its 2019 Global 500 list, which ranks the largest companies in the world by revenue, and for the first time Chinese businesses outnumber American companies.

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These are the 14 largest Chinese companies

DANIEL STRAUSS

JUL 24, 2019

ChinaFotoPress / Getty

  • Over the last few years, Chinese companies have grown to become globally competitive rivals to American firms.
  • Fortune Magazine released its 2019 Global 500 list, which ranks the largest companies in the world by revenue, and for the first time Chinese businesses outnumber American companies.
  • Here are the 14 largest Chinese companies by market capitalisation, according to data from Bloomberg.
  • Visit the Markets Insider homepage for more stories.

With China and the US locked in a trade war, Chinese companies are thriving.

Fortune Magazine recent unveiled its 2019 Global 500 list, which ranks the largest companies in the world by revenue. For the first time since the list was launched in 1990, there are more Chinese companies than American ones.


Markets Insider
compiled a list of the largest companies in China based on market capitalisation. The companies represent a wide variety of industries including technology, oil & gas, and banking. Some are household consumer brands, while others are state-owned industrial businesses.

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Here are the 14 biggest Chinese companies, ranked in increasing order of market value, according to data from Bloomberg:


14. Wuliangye Yibin Co.

Getty Images/Guang Niu

Industry: Beverages

Market cap: $US70 billion

Year-to-date price change: 140%

Trailing 12-month revenue: $US5.9 billion

Source: Bloomberg


13. China National Offshore Oil Corporation

AP

Industry: Oil

Market cap: $US75 billion

Year-to-date price change: 13%

Trailing 12-month revenue: $US34 billion

Source: Bloomberg


12. China Petroleum & Chemical Corporation (Sinopec)

Industry: Oil and gas, chemicals

Market cap: $US89 billion

Year-to-date price change: -2%

Trailing 12-month revenue: $US437 billion

Source: Bloomberg


11. China Life Insurance Company

AP/Andy Wong

Industry: Insurance

Market cap: $US111 billion

Year-to-date price change: 24%

Trailing 12-month revenue: $US96 billion

Source: Bloomberg


10. China Merchants Bank

China Daily

Industry: Commercial banking

Market cap: $US132 billion

Year-to-date price change: 47%

Trailing 12-month revenue: $US53 billion

Source: Bloomberg


9. Bank of China

AP/GREG BAKER

Industry: Commercial banking

Market cap: $US147 billion

Year-to-date price change: 3%

Trailing 12-month revenue: $US130 billion

Source: Bloomberg


8. PetroChina

Industry: Oil & gas

Market cap: $US163 billion

Year-to-date price change: -11%

Trailing 12-month revenue: $US358 billion

Source: Bloomberg


7. Kweichow Moutai

Industry: Beverage

Market cap: $US175 billion

Year-to-date price change: 64%

Trailing 12-month revenue: $US11 billion

Source: Bloomberg


6. Agricultural Bank of China

AP/Ng Han Guan

Industry: Banking

Market cap: $US178 billion

Year-to-date price change: 0.2%

Trailing 12-month revenue: $US142 billion

Source: Bloomberg


5. China Construction Bank

AP

Industry: Banking

Market cap: $US200 billion

Year-to-date price change: 1%

Trailing 12-month revenue: $US177 billion

Source: Bloomberg


4. Ping An Insurance

Industry: Insurance

Market cap: $US228 billion

Year-to-date price change: 39%

Trailing 12-month revenue: $US168 billion

Source: Bloomberg


3. Industrial and Commercial Bank of China

AP Images

Industry: Banking

Market cap: $US282 billion

Year-to-date price change: 12%

Trailing 12-month revenue: $US176 billion

Source: Bloomberg


2. Tencent

Industry: Conglomerate

Market capitalisation: $US436 billion

Year-to-date price change: 15%

Trailing 12-month revenue: $US48 billion

Source: Bloomberg


1. Alibaba

Industry: Conglomerate

Market capitalisation: $US453 billion

Year-to-date price change: 27%

Total 12 month revenue: $US56 billion

Source: Bloomberg

SOURCE: https://www.businessinsider.com.au/14-biggest-chinese-companies-based-on-market-cap-2019-7?utm_source=Business+Insider+Australia+-+10+things+you+need+to+know+in+the+morning+in+Australia&utm_campaign=fd44ee0a5c-businessinsider_2019_07_24&utm_medium=email&utm_term=0_8a990bd96b-fd44ee0a5c-278993497

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