- Industrial and Commercial Bank of China Limited is the largest Chinese company by market cap
- China Construction Bank Corporation is the second largest Chinese company by market cap
- Kweichow Moutai Co., LTD. has a market cap of $223.8 billion
Stock markets are massive beasts, filled with complex sets of numbers and volatile trends that are hard to predict for all but those that are experts in the field. Companies typically introduce themselves to the public market of investment and moving currency in exchange for a chance to get more capital and further advance their business operations. And business in China is booming, as the absolutely massive country features several large businesses that service its sizable population. These companies are themselves rankable by their market capitalization, which is a figure represented by the price of a company's stock multiplied by the number of stocks available. Here are the top ten largest Chinese corporations by market cap, with figures converted from CNY to USD for ease of reading.
10. Postal Savings Bank of China
Starting out the list is the Postal Savings Bank of China, a company that is also known as PSBC. This 2007-founded commercial retail bank is headquartered in Beijing and provides a variety of financial services, especially to small and medium businesses, rural, and low-income customers. In 2017, PSBC had over 30,000 branches spread across all regions of China. It has a market cap of $112.65 billion.
9. China Life Insurance Company
Next on the list is the China Life Insurance Company, another Beijing-based conglomerate. Where most of the other entries provide banking services, this corporation offers various insurance services ranging from life insurance to annuity products. The group itself is largely owned by the state. It has a current stock price of $3.92 and a total market cap of $113.54 billion.
Petrochina is yet another massive corporation, this one dealing in the business of oil and gas. The company is currently the continent's largest producer in this sector and is similar to the last two entries headquartered in Beijing, China. It has been around for over twenty years and doesn't look like it'll be going anywhere any time soon. It has a market cap of $114.38 billion.
7. China Merchants Bank
This is another of the many banking companies that have earned their spot on this list. Unlike some of the others, however, it is headquartered out of Shenzhen and founded in 1987 was one of the first commercial banks in China. It deals in personal and corporate banking and clocks in at a market capitalization of $124.56 billion.
6. Bank of China
The next bank on this list is the Bank of China, one of the four biggest state-owned commercial banks in the entire country. It has a Hong Kong subsidiary and was originally founded in 1912, making it the second oldest bank in the mainland that is still around. Nowadays, it clocks in at a hefty market cap of $144.19 billion.
5. Agricultural Bank of China
The Agricultural Bank of China, which also goes by the moniker AgBank, is another of the big four banks in the country of China. This one is slightly younger than the last entry, as it was founded in 1951. Its branches have filtered across the world from places like London to New York. With its hundreds of millions of customers, it's no surprise that it has a market cap of $170.44 billion.
4. Ping An Insurance
The second of two insurance companies on this list, Ping An Insurance, a company that also goes by Ping An of China, has its fingers in a variety of industries outside of insurance. These sectors of work include banking and financial services. The organization's name literally translated means safe and well, which this organization is as it sits on a market cap of $190.85 billion.
3. Kweichow Moutai
Kweichow Moutai is partially publically traded and partially owned by the state. This Chinese company specializes in the sale of the incredibly distinctive tasting and smelling alcoholic drink Maotai Baijiu, but surprisingly also focuses on anti-counterfeiting technology and the development of related information technology products. Its shares are also high-priced, clocking in at $182.98 apiece, complementing its market cap of $223.79 billion.
2. China Construction Bank
The remaining companies on this list are now all banking companies, with China Construction Bank coming in as another one of the big four banks in China. This organization has approximately 13,000 domestic branches and a considerable global presence thanks to oversea branches in places like Barcelona and Melbourne. While its share price is relatively low, its market cap is a high $226.27 billion.
1. Industrial and Commercial Bank of China
Rounding out this market-cap ranked list is the Industrial and Commercial Bank of China, or in short, ICBC. This multinational Chinese banking company came in first across the world in the 2019 Forbes Global 2000 as the world's biggest public company and consistently scores as one of the top banks in various other compilations of this nature. Unsurprisingly, it holds a dominating market cap of $259.36 billion.