This article lists the largest companies in China in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes. In 2022, Fortune'''s Global 500 list of the world's largest corporations included 145 Chinese companies in total. Over the same year, Forbes reported that three of the world's ten largest public companies were Chinese, including the world's largest bank by total assets, the Industrial and Commercial Bank of China. Many of China's largest companies are state-owned enterprises, due to the significant presence of the Chinese government in the national economy.
2025 Fortune Global 500 List This list details the twenty five largest Chinese companies according to the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for their respective fiscal year ending on or before 31 March 2024. Also listed for each company are the location of its headquarters, their primary industry and their number of employees, in addition to ownership characteristics.
Rank Fortune500rank Name Headquarters Revenue(US$ million) Profit(US$ million) Employees Industry Ownership 1 3 State Grid Corporation Beijing 548,414 10,045 1,354,310 Utilities State-owned enterprise 2 5 China National Petroleum Beijing 412,645 22,424 985,155 Oil and gas State-owned enterprise 3 6 Sinopec Beijing 407,490 8,036 495,096 Oil and gas State-owned enterprise 4 16 China State Construction Engineering Beijing 304,121 3,667 361,249 Construction and real estate State-owned enterprise 5 26 ICBC Beijing 221,461 50,948 415,159 Commercial banking State-owned enterprise 6 30 Agricultural Bank of China Beijing 197,466 39,205 454,716 Commercial banking State-owned enterprise 7 31 China Construction Bank Beijing 196,738 46,693 376,847 Commercial banking State-owned enterprise 8 38 Bank of China Beijing 176,142 33,056 312,757 Commercial banking State-owned enterprise 9 43 China Railway Engineering Beijing 161,337 1,811 313,067 Railway construction State-owned enterprise 10 44 JD.com Beijing 161,055 5,748 570,895 E-commerce Public company 11 45 China Life Insurance Beijing 160,277 1,329 179,415 Insurance State-owned enterprise 12 47 Ping An Insurance Shenzhen 158,627 17,596 273,053 Insurance Public company 13 51 China Railway Construction Beijing 148,467 1,265 325,108 Railway construction State-owned enterprise 14 58 China Mobile Beijing/Hong Kong 145,240 14,699 456,965 Telecommunications State-owned enterprise 15 61 China Communications Construction Beijing 139,229 937 204,994 Construction and real estate State-owned enterprise 16 62 CITIC Group Beijing 138,941 3,953 214,660 Conglomerate State-owned enterprise 17 63 Alibaba Group Hangzhou 138,065 18,029 124,320 E-commerce Public company 18 65 China National Offshore Oil Beijing 130,832 14,773 85,957 Oil and gas State-owned enterprise 19 67 China Resources National Hong Kong 129,624 3,638 396,087 Conglomerate State-owned enterprise 20 73 China Baowu Steel Group Shanghai 125,113 2,497 237,100 Iron and steel State-owned enterprise 21 81 Hengli Group Suzhou 121,126 816 211,360 Textiles Privately held company 22 82 Shandong Energy Group Jinan 120,426 105 143,217 Energy State-owned enterprise 23 83 Huawei Shenzhen 119,813 8,685 208,000 Technology Privately held company 24 84 China Southern Power Grid Guangzhou 118,607 2,501 269,097 Utilities State-owned enterprise 25 86 China Minmetals Beijing 115,806 924 170,430 Mining State-owned enterprise 26 91 BYD Shenzhen 108,004 5,595 968,872 Conglomerate Public company 27 92 China Energy Investment Beijing 107,690 6,902 305,247 Energy State-owned enterprise 28 98 Xiamen C & D Xiamen 100,600 375 59,074 Construction and real estate State-owned enterprise 29 100 Power China Beijing 99,830 607 182,299 Utilities State-owned enterprise 30 107 China Post Group Beijing 97,544 5,222 732,227 Logistics State-owned enterprise 31 116 Tencent Shenzhen 91,764 26,973 110,588 Technology Public company 32 118 Zhejiang Rongsheng Group Hangzhou 91,534 25 23,653 Energy Privately held company 33 119 Sinopharm Group Shanghai 91,486 644 193,615 Pharmaceuticals State-owned enterprise 34 133 COFCO Limited Beijing 88,260 143 106,365 Conglomerate State-owned enterprise 35 134 China Telecom Beijing 87,997 2,553 376,371 Telecommunications State-owned enterprise 36 138 SAIC Motor Shanghai 87,224 232 134,323 Automotive State-owned enterprise 37 141 People’s Insurance China Beijing 86,323 5,858 175,121 Insurance State-owned enterprise 38 149 Wuchan Zhongda Group Hangzhou 83,322 428 26,233 Conglomerate State-owned enterprise 39 155 Geely Hangzhou 79,891 835 142,465 Automotive Privately held company 40 161 Shenghong Holding Group Weifang 78,612 401 59,553 Energy State-owned enterprise 41 164 China FAW Group Changchun 77,737 836 121,737 Automotive State-owned enterprise 42 165 Jiangxi Copper Guixi 77,668 364 32,863 Mining State-owned enterprise 43 166 Shandong Weiqiao Pioneering Group Binzhou 77,626 2,014 103,046 Textiles Privately held company 44 168 Bank of Communications Shanghai 75,834 13,007 95,746 Commercial banking State-owned enterprise 45 170 Pacific Construction Group Nanjing 75,683 4,898 265,245 Construction and real estate Privately held company 46 178 Shaanxi Coal and Chemical Industry Xi’an 73,684 1,359 140,860 Mining State-owned enterprise 47 193 China Merchants Bank Shenzhen 70,385 20,624 117,201 Commercial banking Public company 48 196 Lenovo Hong Kong 69,077 1,385 72,000 Technology Public company 49 199 China Poly Group Beijing 67,617 553 95,918 Defense State-owned enterprise 50 201 Beijing Automotive Group Beijing 67,200 88 97,000 Automotive State-owned enterprise
2025 Forbes Global 2000 List This list details the twenty five largest Chinese companies according to the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes'' list takes into account a multitude of factors, assigning an equal weighting to revenue, profit, assets and market value. The figures are given in billions of US dollars and are for the trailing twelve months up to 22 April 2025. Also listed for each company are the location of its headquarters and their primary industry.