The latest edition of Global Finance magazine lists the top Chinese companies and banks in various categories. These top ranked firms are shown below:
a) Stars of China – Banks
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b) Stars of China – Companies
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Some of the key points mentioned in the Global Finance report include:
- China Merchants Bank’s (CIHKY) retail lending now accounts for more than one third of the bank’s total lending portfolio.
- Among the foreign banks operating in China HSBC (HBC) has the largest banking network in terms of total outlets and geographical reach with 100 outlets.
- Industrial and Commercial Bank of China (IDCBY) has issued the largest number of credit cards by partnering with supermarkets, department stores and other merchants. As a result of this, the bank saw its credit card portfolio increase by 35.4% from the same period last year.
- By buying Volvo, Geely has gained an edge over competitors in its goal to sell cars in North America and Western Europe.
- Beer maker Tsingtao Brewery (TSGTY) profits in the first half of this year was up by about 30% relative to the same period last year.
- In addition to holding about 29% of domestic PC market, Lenovo holds about 10% the global market share.
- CNOOC’s (CEO) revenue and profits doubled year-on-year in the first half of the year and production also increased by 41%.
- Goldwind’s business is growing strongly due to China’s big push into the renewable energy sector.
- Huawei Technologies supplies telecom-related products and services to 45 of the world’s top 50 telecom operators.
The Great Wall of China, Jinshanling
