Banks and Energy Companies Dominate China’s Top 10 List

The graphic below shows the top 10 Chinese companies based on market capitalization in the domestic market as of November 18, 2010:

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Source: FT Markets Data

Banking and energy firms dominate the list shown above with banks taking five of the ten spots. PetroChina (PTR), the integrated oil and gas producer, has the largest market cap in China. The other two energy firms with huge market caps are China Petroleum & Chemical Corporation (CEO) and China Shenhua Energy Co Ltd (CSUAY), the largest state-owned coal mining company in China. Shenhua is also the second largest coal miner in the world after Peabody (BTU) of the U.S. China Construction Bank (CICHY), Bank of China (BACHY) and Industrial And Commercial Bank of China Ltd (IDCBY) currently have dividend yields of over 3%. Ping An (PNGAY) is one of the large insurance companies selling insurance and financial services in China, Hong Kong and Macau. China Life Insurance Company Limited (LFC) is the world’s most valuable insurance company offering life and annuity products to consumers. At the end of 2009, China Life had 115 million individual and group life insurance policies, annuity contracts and long-term health insurance policies in force.

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