China's Largest Companies

Three Gorges Dam on Yangtze river in Hubei province of China
from Fortune's Global 500 list

Here is the list of the biggest companies of China in 2023:

RankCompanyFortune Global 500 RankRevenue ($M)Headquarters
1 State Grid 3 530009 Beijing
2 China National Petroleum 5 483019 Beijing
3 Sinopec Group 6 471154 Beijing
4 China State Construction Engineering 13 305885 Beijing
5 Industrial & Commercial Bank of China 28 214766 Beijing
6 China Construction Bank 29 202753 Beijing
7 Agricultural Bank of China 32 187061 Beijing
8 Ping An Insurance 33 181566 Shenzhen
9 Sinochem Holdings 38 173834 Beijing
10 China Railway Engineering Group 39 171669 Beijing
11 China National Offshore Oil 42 164762 Beijing
12 China Railway Construction 43 163037 Beijing
13 China Baowu Steel Group 44 161698 Shanghai
14 Bank of China 49 156924 Beijing
15 JD.com 52 155533 Beijing
16 China Life Insurance 54 151487 Beijing
17 China Mobile Communications 62 139597 Beijing
18 China Communications Construction 63 138270 Beijing
19 China Minmetals 65 133541 Beijing
20 Alibaba Group Holding 68 126813 Hangzhou
21 Xiamen C&D 69 125971 Xiamen
22 Shandong Energy Group 72 124089 Jinan
23 China Resources 74 121643 Hong Kong
24 China Energy Investment 76 121584 Beijing
25 China Southern Power Grid 83 113674 Guangzhou
26 SAIC Motor 84 110612 Shanghai
27 China Post Group 86 110271 Beijing
28 COFCO 87 110222 Beijing
29 Xiamen ITG Holding Group 95 103090 Xiamen
30 CITIC Group 100 100769 Beijing
31 Power China 105 99020 Beijing
32 Huawei Investment & Holding 111 95490 Shenzhen
33 Sinopharm 113 94075 Beijing
34 COSCO Shipping 115 93181 Shanghai
35 People's Insurance Co. of China 120 91535 Beijing
36 Hengli Group 123 90944 Suzhou City
37 Amer International Group 124 90498 Shenzhen
38 China FAW Group 131 87679 Changchun
39 China Telecommunications 132 87166 Beijing
40 Zhejiang Rongsheng Holding Group 136 86166 Hangzhou
41 Wuchan Zhongda Group 138 85710 Hangzhou
42 XMXYG 142 83639 Xiamen
43 China North Industries Group 146 82689 Beijing
44 Tencent Holdings 147 82440 Shenzhen
45 Aviation Industry Corp. of China 150 81671 Beijing
46 Pacific Construction Group 157 79478 Urumqi
47 Bank of Communications 161 78213 Shanghai
48 Jinneng Holding Group 163 77761 Datong
49 Guangzhou Automobile Industry Group 165 77345 Guangzhou
50 Aluminum Corp. of China 166 76946 Beijing
51 Shaanxi Coal & Chemical Industry 169 75871 Xi'an
52 Jiangxi Copper 171 74927 Guixi
53 Shandong Weiqiao Pioneering Group 172 74923 Binzhou
54 China Vanke 173 74901 Shenzhen
55 China Merchants Group 175 73283 Hong Kong
56 China Merchants Bank 179 72317 Shenzhen
57 Dongfeng Motor 188 68416 Wuhan
58 China Poly Group 191 67696 Beijing
59 China Pacific Insurance (Group) 192 67696 Shanghai
60 Beijing Automotive Group 193 67282 Beijing
61 Greenland Holding Group 205 64802 Shanghai
62 Country Garden Holdings 206 63979 Foshan
63 China Huaneng Group 209 63284 Beijing
64 BYD 212 63041 Shenzhen
65 Lenovo Group 217 61947 Hong Kong
66 Shenghong Holding Group 222 61251 Suzhou
67 Industrial Bank 223 60962 Fuzhou
68 Zhejiang Geely Holding Group 225 60396 Hangzhou
69 HBIS Group 229 59563 Shijiazhuang
70 Zhejiang Hengyi Group 244 57332 Hangzhou
71 China National Building Material Group 247 56514 Beijing
72 China Electronics Technology Group 252 55848 Beijing
73 China Energy Engineering Group 256 54890 Beijing
74 Tsingshan Holding Group 257 54711 Wenzhou
75 Shanghai Pudong Development Bank 260 54028 Shanghai
76 State Power Investment 262 54022 Beijing
77 China United Network Communications 267 52766 Beijing
78 Shaanxi Yanchang Petroleum (Group) 269 52224 Xi'an
79 China State Shipbuilding 272 51799 Beijing
80 Midea Group 278 51393 Foshan
81 Sinomach 279 51126 Beijing
82 Ansteel Group 283 50041 Anshan
83 Jinchuan Group 289 49467 Jinchang
84 Contemporary Amperex Technology 292 48849 Ningde
85 Zhejiang Communications Investment Group 310 46617 Hangzhou
86 Susun Construction Group 313 46138 Shanghai
87 Jingye Group 320 45705 Shijiazhuang
88 China Huadian 323 45113 Beijing
89 China Minsheng Banking 329 44582 Beijing
90 China South Industries Group 341 43429 Beijing
91 Jiangsu Shagang Group 348 42784 Zhangjiagang
92 Shanghai Construction Group 351 42522 Shanghai
93 China National Coal Group 356 41997 Beijing
94 Shanxi Coking Coal Group 359 41662 Taiyuan
95 Xiaomi 360 41631 Beijing
96 New Hope Holding Group 363 41426 Chengdu
97 China Electronics 368 40326 Shenzhen
98 Zijin Mining Group 373 40187 Longyan
99 S.F. Holding 377 39765 Shenzhen
100 Guangzhou Municipal Construction Group 380 39258 Guangzhou
101 China National Nuclear 381 39054 Beijing
102 China Taiping Insurance Group 385 38706 Hong Kong
103 Shudao Investment Group 389 38019 Chengdu
104 Shenzhen Investment Holdings 391 37888 Shenzhen
105 Jardine Matheson 395 37724 Hong Kong
106 China Datang 396 37606 Beijing
107 China Aerospace Science & Industry 400 37371 Beijing
108 Longfor Group Holdings 402 37249 Beijing
109 Shougang Group 410 36853 Beijing
110 Hangzhou Iron and Steel Group 411 36818 Hangzhou
111 Xinjiang Zhongtai Group 412 36762 Urumqi
112 Guangzhou Industrial Investment Holdings 414 36589 Guangzhou
113 Haier Smart Home 419 36201 Qingdao
114 Guangzhou Pharmaceutical Holdings 426 35383 Guangzhou
115 Guangdong Guangxin Holdings 427 35368 Guangzhou
116 Taikang Insurance Group 431 34837 Beijing
117 Shaanxi Construction Engineering Holding 432 34735 Taiyuan
118 CRRC Group 434 34697 Beijing
119 TongLing Nonferrous Metals Group 436 34590 Tongling
120 Shanghai Pharmaceuticals Holding 438 34486 Shanghai
121 Shandong Hi-Speed Group 440 34455 Jinan
122 Shanghai Delong Steel Group 451 33534 Shanghai
123 CK Hutchison Holdings 453 33523 Hong Kong
124 Anhui Conch Group 464 32991 Wuhu
125 Beijing Jianlong Heavy Industry Group 465 32878 Beijing
126 Hunan Iron & Steel Group 466 32723 Changsha
127 Meituan 467 32699 Beijing
128 Lu'an Chemical Group 468 32596 Changzhi
129 Tongwei Group 476 31944 Chengdu
130 New China Life Insurance 478 31861 Beijing
131 Luxshare Precision Industry 479 31817 Shenzhen
132 China National Aviation Fuel Group 483 31650 Beijing
133 Chengdu Xingcheng Investment Group 493 31304 Chengdu
134 Guangxi Investment Group 495 31263 Nanning
135 Xinjiang Guanghui IndustryInvestment 500 30922 Urumqi

China's trillion dollar plan to dominate global trade


The Chinese economy has been growing rapidly in recent years, becoming one of the largest in the world. However, there are still some challenges that need to be addressed in order to sustain this growth.

One of the major success stories of the Chinese economy has been the development of the manufacturing sector. This has been a key driver of growth, providing employment for millions of people and helping to lift millions more out of poverty.

However, there are some challenges that need to be addressed in order to sustain this growth. One is the need to move up the value chain and produce more high-value-added products. This will require investments in research and development as well as human capital. Another challenge is to deal with the problem of environmental degradation, which has become increasingly severe in recent years.

Despite these challenges, China’s economy continues to grow at a rapid pace and is expected to continue doing so in the future. This provides an opportunity for China to address these challenges and continue its development path.

Source: Fortune

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About the Author

Sergey Karpenko

Sergey Karpenko is a co-founder of Asian-links.com and a value investor who has lived in Asia for many years.

Sergey believes that Asia has become the powerhouse for the global economy in the 21st century. Despite all its complexities, Asia offers tremendous opportunities for investors to get rich by cashing in on this vibrant region’s explosive growth.

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