Every year Forbes magazine publishes the largest companies in the world. These firms are selected based on many factors including revenues.
From the 2015 report:
The FORBES Global 2000 is a comprehensive list of the world’s largest, most powerful public companies, as measured by revenues, profits, assets and market value. We use a composite score that weighs those four metrics equally, as one barometer alone would present a biased and incomplete account.
The following Chinese firms appeared on the Forbes Global 2000 list for 2015:
| S.No. | Company | Industry | Sales (in $ billions) | Profits(in $ billions) | Assets(in $ billions) | Forbes Global 2000 Rank |
|---|---|---|---|---|---|---|
| 1 | ICBC | Major Banks | 148.7 | 42.7 | 3124.9 | 1 |
| 2 | China Construction Bank | Regional Banks | 121.3 | 34.2 | 2449.5 | 2 |
| 3 | Agricultural Bank of China | Regional Banks | 136.4 | 27 | 2405.4 | 3 |
| 4 | Bank of China | Major Banks | 105.1 | 25.5 | 2291.8 | 9 |
| 5 | PetroChina | Oil & Gas Operations | 328.5 | 21.1 | 386.9 | 10 |
| 6 | Sinopec-China Petroleum | Oil & Gas Operations | 445.3 | 10.9 | 228.4 | 29 |
| 7 | Ping An Insurance Group | Diversified Insurance | 59 | 4.6 | 552.8 | 62 |
| 8 | Bank of Communications | Major Banks | 46.6 | 10.1 | 942.2 | 65 |
| 9 | China Life Insurance | Life & Health Insurance | 68.4 | 4 | 327.2 | 66 |
| 10 | China Merchants Bank | Major Banks | 32.2 | 8.1 | 634.7 | 102 |
| 11 | China Minsheng Banking | Regional Banks | 34.1 | 6.8 | 541.2 | 121 |
| 12 | China Shenhua Energy | Diversified Metals & Mining | 42.8 | 7.2 | 80.4 | 124 |
| 13 | Industrial Bank | Regional Banks | 32.7 | 6.7 | 593.5 | 129 |
| 14 | Shanghai Pudong Development | Regional Banks | 31.7 | 6.7 | 607.9 | 130 |
| 15 | China Citic Bank | Regional Banks | 27.8 | 5.7 | 555.6 | 134 |
| 16 | China Telecom | Telecommunications services | 52.3 | 2.9 | 89.7 | 150 |
| 17 | SAIC Motor | Auto & Truck Manufacturers | 88.3 | 4 | 56.4 | 175 |
| 18 | China Everbright Bank | Regional Banks | 21.2 | 4.2 | 404.2 | 206 |
| 19 | China State Construction | Construction Services | 88.1 | 2.5 | 123.4 | 223 |
| 20 | China Pacific Insurance | Life & Health Insurance | 33.2 | 1.6 | 118.6 | 227 |
| 21 | People's Insurance Company | Property & Casualty Insurance | 42.3 | 1.5 | 114.9 | 248 |
| 22 | Ping An Bank | Regional Banks | 17.1 | 2.5 | 312.5 | 274 |
| 23 | China Vanke | Real Estate | 22 | 2.5 | 79.2 | 305 |
| 24 | China Communications Construction | Construction Services | 52.8 | 2 | 85.6 | 306 |
| 25 | China Railway Construction | Construction Services | 89.9 | 1.7 | 87.5 | 311 |
| 26 | Huaxia Bank | Regional Banks | 12.9 | 2.4 | 253.5 | 365 |
| 27 | Huaneng Power International | Electric Utilities | 21.8 | 1.7 | 43.1 | 401 |
| 28 | Tencent Holdings | Computer Services | 9.8 | 2.5 | 17.7 | 426 |
| 29 | Bank of Beijing | Regional Banks | 9.8 | 2.1 | 197.2 | 429 |
| 30 | New China Life Insurance | Life & Health Insurance | 18.7 | 0.7 | 88.6 | 474 |
| 31 | Gree Electric Appliances | Household Appliances | 17.9 | 1.6 | 21.2 | 501 |
| 32 | Poly Real Estate | Real Estate | 13.1 | 1.7 | 51.5 | 511 |
| 33 | Baoshan Iron & Steel | Iron & Steel | 30.8 | 0.7 | 37.4 | 512 |
| 34 | Evergrande Real Estate | Real Estate | 11.4 | 1.6 | 44.7 | 600 |
| 35 | Anhui Conch Cement | Construction Materials | 9 | 1.5 | 15.4 | 603 |
| 36 | Daqin Railway | Railroads | 7.9 | 2 | 16.4 | 641 |
| 37 | China National Building | Construction Materials | 19.2 | 0.9 | 48.2 | 650 |
| 38 | China Cinda Asset Management | Asset Management | 4 | 1.2 | 46.2 | 685 |
| 39 | CSR | Heavy Equipment | 14.1 | 0.6 | 19 | 693 |
| 40 | GD Power Development | Electric Utilities | 10.8 | 1 | 40.4 | 698 |
| 41 | China Coal Energy | Diversified Metals & Mining | 13.2 | 0.7 | 35.5 | 701 |
| 42 | Midea Group Co. Ltd. | Household Appliances | 19.6 | 0.6 | 16 | 703 |
| 43 | Baidu | Computer Services | 5.2 | 1.7 | 11.7 | 723 |
| 44 | Citic Securities | Investment Services | 2.7 | 0.9 | 44.8 | 732 |
| 45 | Dongfeng Motor Group | Auto & Truck Manufacturers | 6.1 | 1.5 | 19.2 | 739 |
| 46 | Fosun International | Iron & Steel | 8.3 | 0.9 | 30.2 | 751 |
| 47 | Metallurgical Corp of China | Construction Services | 32.1 | 0.5 | 53.3 | 759 |
| 48 | China Yangtze Power | Electric Utilities | 3.8 | 1.5 | 25.4 | 794 |
| 49 | China CNR | Heavy Equipment | 14.6 | 0.6 | 19.8 | 796 |
| 50 | Sinohydro Group | Construction Services | 19.7 | 0.6 | 35.4 | 802 |
| 51 | Longfor Properties | Real Estate | 6.8 | 1.3 | 23.8 | 808 |
| 52 | China Shipbuilding Industry | Heavy Equipment | 7.9 | 0.4 | 28.6 | 822 |
| 53 | Great Wall Motor | Auto & Truck Manufacturers | 8.9 | 1.3 | 8.7 | 839 |
| 54 | Datang International Power | Electric Utilities | 12.1 | 0.6 | 49.2 | 862 |
| 55 | Kweichow Moutai | Beverages | 4.6 | 2.5 | 9.2 | 875 |
| 56 | Jiangxi Copper | Diversified Metals & Mining | 28.5 | 0.6 | 14.7 | 891 |
| 57 | Sinopharm Group | Pharmaceuticals | 27.1 | 0.4 | 17.4 | 903 |
| 58 | Zhejiang Zheneng Electric Power | Electric Utilities | 7.5 | 0.7 | 15.2 | 917 |
| 59 | Shanghai International Port | Other Transportation | 4.6 | 0.9 | 14.6 | 928 |
| 60 | Huadian Power International | Electric Utilities | 10.8 | 0.7 | 28.5 | 935 |
| 61 | Shanghai Electric Group | Heavy Equipment | 12.8 | 0.4 | 21.4 | 938 |
| 62 | Aluminum Corp of China | Aluminum | 28.1 | 0.2 | 33 | 940 |
| 63 | Haitong Securities | Investment Services | 2.1 | 0.7 | 22.2 | 945 |
| 64 | China Oilfield Services | Oil Services & Equipment | 4.5 | 1.1 | 13.1 | 989 |
| 65 | Weichai Power | Heavy Equipment | 9.4 | 0.6 | 13 | 1003 |
| 66 | Qingdao Haier | Household Appliances | 13.8 | 0.6 | 9.9 | 1009 |
| 67 | Shaanxi Coal Industry | Diversified Metals & Mining | 7 | 1 | 13.1 | 1016 |
| 68 | Chongqing Rural Bank | Regional Banks | 4.3 | 1 | 81.1 | 1021 |
| 69 | Guangzhou R&F | Real Estate | 5.9 | 1.2 | 23.2 | 1028 |
| 70 | Tingyi Holding | Food Processing | 10.9 | 0.4 | 8.4 | 1039 |
| 71 | Henan Shuanghui Investment | Food Processing | 7.3 | 0.6 | 3.3 | 1054 |
| 72 | China Eastern Airlines | Airline | 14.3 | 0.4 | 22.8 | 1069 |
| 73 | Huishang Bank Corporation Limited | Regional Banks | 3.2 | 0.8 | 63.1 | 1088 |
| 74 | China Southern Airlines | Airline | 15.9 | 0.3 | 27.3 | 1093 |
| 75 | Bank of Ningbo | Regional Banks | 3.9 | 0.8 | 73.9 | 1098 |
| 76 | Bank of Nanjing | Regional Banks | 3.3 | 0.7 | 69.6 | 1116 |
| 77 | Suning Appliance | Specialty Stores | 17.1 | 0.2 | 13.6 | 1123 |
| 78 | BYD | Auto & Truck Manufacturers | 8.4 | 0.1 | 12.9 | 1133 |
| 79 | Inner Mongolia Yili | Food Processing | 7.3 | 0.5 | 5.2 | 1176 |
| 80 | Zoomlion Heavy Industry | Heavy Equipment | 6.2 | 0.6 | 14.8 | 1176 |
| 81 | Hebei Iron & Steel | Iron & Steel | 17.4 | 0 | 26.1 | 1187 |
| 82 | Want Want China | Food Processing | 3.8 | 0.7 | 4.3 | 1200 |
| 83 | Wuliangye Yibin | Beverages | 3.8 | 1.5 | 7.2 | 1222 |
| 84 | Sino-Ocean Land Holdings | Real Estate | 5.1 | 0.7 | 22.8 | 1228 |
| 85 | Xiamen C&D | Trading Companies | 16.2 | 0.4 | 11.6 | 1243 |
| 86 | Harbin Bank | Regional Banks | 2.6 | 0.5 | 53.2 | 1249 |
| 87 | Gemdale | Real Estate | 6.3 | 0.5 | 19.2 | 1267 |
| 88 | Greentown China Holdings | Real Estate | 4.7 | 0.8 | 20.2 | 1271 |
| 89 | China Cosco Holdings | Other Transportation | 10.1 | 0 | 26.7 | 1282 |
| 90 | GF Securities | Investment Services | 1.2 | 0.4 | 17.5 | 1286 |
| 91 | BBMG | Construction Materials | 7 | 0.5 | 16.3 | 1291 |
| 92 | China Merchants Property | Real Estate | 4.6 | 0.7 | 22.1 | 1297 |
| 93 | China National Chemical | Construction Services | 9.7 | 0.6 | 11 | 1313 |
| 94 | TCL Corp | Consumer Electronics | 13.8 | 0.3 | 12.9 | 1335 |
| 95 | China International Marine | Heavy Equipment | 9.3 | 0.4 | 12 | 1349 |
| 96 | Shanghai Construction | Construction Services | 16.2 | 0.3 | 15.8 | 1360 |
| 97 | Jiangsu Yanghe Brewery | Beverages | 2.6 | 0.9 | 4.4 | 1382 |
| 98 | Zijin Mining Group | Diversified Metals & Mining | 8.1 | 0.5 | 11.1 | 1389 |
| 99 | Sany Heavy Industry | Heavy Equipment | 5.8 | 0.5 | 11.1 | 1396 |
| 100 | Wuhan Iron & Steel | Iron & Steel | 14.7 | 0.1 | 15.9 | 1402 |
| 101 | Guangdong Electric Power | Utilities | 6.6 | 0.6 | 11.1 | 1445 |
| 102 | Shanghai Pharmaceuticals | Drug Retail | 12.1 | 0.4 | 9 | 1446 |
| 103 | Netease | Computer Services | 1.5 | 0.7 | 4.1 | 1456 |
| 104 | SDIC Power Holdings | Oil & Gas Operations | 4.2 | 0.5 | 25.6 | 1458 |
| 105 | Shenzhen Overseas | Hotels & Motels | 3.7 | 0.7 | 14.5 | 1459 |
| 106 | SOHO China | Real Estate | 2.4 | 1.2 | 12.9 | 1462 |
| 107 | China Longyuan Power | Diversified Utilities | 3.1 | 0.3 | 18.3 | 1466 |
| 108 | Chongqing Changan Auto | Auto & Truck Manufacturers | 5.8 | 0.5 | 8.2 | 1469 |
| 109 | Yanzhou Coal Mining | Diversified Metals & Mining | 9.4 | 0.3 | 19.6 | 1472 |
| 110 | Sunac China Holdings | Real Estate | 5 | 0.5 | 16.1 | 1474 |
| 111 | Hengan International Group | Household/Personal Care | 2.7 | 0.5 | 5.2 | 1478 |
| 112 | Angang Steel | Iron & Steel | 12.2 | 0.1 | 15.3 | 1492 |
| 113 | Shanxi Taigang Stainless | Iron & Steel | 17.6 | 0.1 | 12 | 1497 |
| 114 | China Hongqiao Group | Diversified Metals & Mining | 4.8 | 0.9 | 10.8 | 1509 |
| 115 | Bank of Chongqing | Regional Banks | 1.8 | 0.4 | 34.2 | 1516 |
| 116 | Dongfang Electric | Electrical Equipment | 6.9 | 0.4 | 12.9 | 1550 |
| 117 | SINOPEC Engineering (Group) | Industrials | 7.1 | 0.6 | 7.8 | 1558 |
| 118 | China Merchants Securities | Investment Services | 1.4 | 0.4 | 13.7 | 1565 |
| 119 | Hikvision | Electronics | 1.5 | 0.4 | 2 | 1572 |
| 120 | Huatai Securities | Investment Services | 1.1 | 0.3 | 16.5 | 1579 |
| 121 | Minmetals Development | Trading Companies | 28.6 | 0.1 | 8.3 | 1597 |
| 122 | China Communications Services | Telecommunications services | 11.1 | 0.4 | 8 | 1626 |
| 123 | China National Materials | Other Industrial Equipment | 8.5 | 0.1 | 15.6 | 1641 |
| 124 | Maanshan Iron & Steel | Iron & Steel | 12 | 0 | 11.8 | 1642 |
| 125 | China Gezhouba | Construction Services | 9.1 | 0.3 | 14 | 1655 |
| 126 | BOE Technology Group | Electronics | 5.4 | 0.4 | 14.8 | 1668 |
| 127 | Gansu Jiu Steel Group Hongxing Iron & Steel | Iron & Steel | 13.1 | -0.4 | 9.9 | 1715 |
| 128 | Hainan Airlines | Airline | 4.8 | 0.3 | 17.1 | 1731 |
| 129 | Great Wall Technology | Consumer Electronics | 15.1 | 0 | 9 | 1740 |
| 130 | Guangzhou Automobile Group Co. Ltd. | Auto & Truck Manufacturers | 3 | 0.4 | 9.5 | 1763 |
| 131 | Shanghai Material Trading | Trading Companies | 16.9 | -0.1 | 2 | 1772 |
| 132 | Kaisa Group Holdings | Consumer Financial Services | 3.2 | 0.5 | 14.5 | 1786 |
| 133 | Hunan Valin Steel | Iron & Steel | 9.7 | 0 | 11.7 | 1786 |
| 134 | Yunnan Baiyao Group | Pharmaceuticals | 2.6 | 0.4 | 2.1 | 1807 |
| 135 | NetDragon Websoft | Recreational Products | 0.1 | 1 | 0.9 | 1811 |
| 136 | Inner Mongolia Baotou Steel | Iron & Steel | 6.1 | 0 | 14.9 | 1838 |
| 137 | Tsingtao Brewery | Beverages | 4.2 | 0.3 | 4.5 | 1865 |
| 138 | Pang Da Automobile Trade | Specialty Stores | 9.8 | -0.1 | 10.2 | 1873 |
| 139 | Financial Street Holdings | Real Estate | 3.2 | 0.5 | 12.6 | 1880 |
| 140 | Yang Quan Coal Industry | Diversified Metals & Mining | 13.1 | 0.2 | 5 | 1887 |
| 141 | Tongling Nonferrous Metals | Diversified Metals & Mining | 12.4 | 0.1 | 7.4 | 1928 |
| 142 | Wanhua Chemical Group | Specialized Chemicals | 3.2 | 0.5 | 4.6 | 1937 |
| 143 | Sinomach Automobile | Industrials | 12.2 | 0.1 | 3.8 | 1942 |
| 144 | Sichuan Changhong Electric | Utilities | 9.2 | 0.1 | 10 | 1944 |
| 145 | China Fortune Land Development | Real Estate | 2.9 | 0.4 | 10.2 | 1957 |
| 146 | New Hope Liuhe | Food Processing | 11.1 | 0.3 | 4.7 | 1964 |
| 147 | Shui On Land | Real Estate | 1.7 | 0.3 | 16.3 | 1965 |
| 148 | Shandong Iron and Steel | Iron & Steel | 11 | -0.3 | 8.8 | 1968 |
| 149 | Yunnan Yuntianhua | Specialized Chemicals | 6.5 | 0.1 | 12.8 | 1990 |
Source: Forbes
Some observations:
- China’s biggest banks ICBC (IDCBY), China Construction Bank(CICHY), Agricultural Bank of China(ACGBY) and Bank of China (BACHY)are in the top 10 list. This is indeed surprising since the Forbes ranking is at a global level. This also shows the growing dominance of Chinese banks.
- Oil companies usually tend to huge in most economies. So it is not surprising to see PetroChina(PTR) and Sinopec(SNP) on this list.
- While the US has 579 companies represented in the Global 2000, China and Hong Kong firms account for 232.
- The presence of tech companies such as Baidu(BIDU) shows the growing importance of the technology sector in the Chinese economy.
- Banks play a critical role as China transitions from a manufacturing-based economy to a consumption-based economy. Chinese banks are the major lenders to not only consumers but also companies and regional governments. Hence in addition to the four global banks mentioned above, domestic banks such as Bank of Ningbo, Bank of Nanjing, Bank of Chongqing and Chongqing Rural Bank are large enough to be included in the Global 2000.
Download in Excel format: The 149 Largest and Most Powerful Public Chinese Companies from Forbes Global 2000 for 2015
Disclosure: No Positions
