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What are the biggest companies in China by market cap?

This list ranks China’s biggest public companies by market capitalisation — the cumulative value of a company's total outstanding market shares. We’ll also be highlighting other key figures, such as the company's revenue, gross profit, and 1-year return (all based on the previous fiscal year). 

Some other key facts such as the exchange the company is listed on, the founding year and country the company is headquartered in are also covered.

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1. Industrial and Commercial Bank of China (ICBC)

• Market cap: $349 billion‍
• Revenue: $221 billion

• Gross profit: N/A 
• 1-yr return: +34.6%
• Exchange: SSE
• Year founded: 1984
• Country: China

ICBC is the world's largest bank by total assets. As one of China's "Big Four" state-owned commercial banks, it provides a comprehensive range of financial services to a massive customer base.

• Corporate banking: Offers financial services to corporations, government agencies, and financial institutions, including loans, trade financing, and asset management.
• Personal banking: Provides a full suite of services to individuals, including deposits, loans, credit cards, and wealth management.

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2. Agricultural Bank of China (AgBank)

• Market cap: $338 billion
• Revenue: $193 billion
• Gross profit: N/A
• 1-yr return: +55.36%
• Exchange: SSE
• Year founded: 1951
• Country: China

Another of the "Big Four" state-owned banks, AgBank was initially established to serve China's vast rural population but has since expanded into a major commercial bank.

• Sannong banking: A core focus on providing financial services to the agriculture, rural areas, and farmer demographics.
• Corporate & personal banking: Offers a wide range of standard banking services to both corporate and individual clients.

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3. China Construction Bank Corp. (CCB)

• Market cap: $267 billion
• Revenue: N/A
• Gross profit: N/A
• 1-yr return: +27.48%
• Exchange: SSE
• Year founded: 1954
• Country: China

CCB is one of the "Big Four" state-owned banks in China and is a market leader in infrastructure loans.

• Infrastructure lending: A primary focus on providing long-term credit for major infrastructure projects like transportation and energy.
• Corporate & personal banking: Offers comprehensive financial services, including corporate finance, personal banking, and treasury operations.

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4. Kweichow Moutai Co.

• Market cap: $265 billion
• Revenue: $21.7 billion
• Gross profit: $19.5 billion
• 1-yr return: +12.17%
• Exchange: SSE
• Year founded: 1999
• Country: China

Kweichow Moutai is the world's most valuable liquor company, famous for producing Moutai baijiu, a prestigious and fiery spirit that is considered China's national liquor.

• Moutai Baijiu: Production of its high-end baijiu, a spirit distilled from fermented sorghum, which is a staple at state banquets and a popular luxury gift.

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5. China Mobile Limited

• Market cap: $245 billion
• Revenue: $146 billion
• Gross profit: $38.1 billion
• 1-yr return: +8.04%
• Exchange: SSE
• Year founded: 1997
• Country: China

China Mobile is the world's largest mobile network operator by number of subscribers, providing telecommunications and mobile services to a vast domestic market.

• Mobile voice & data: Its core business involves providing mobile and 5G services to over 900 million subscribers.
• Broadband & digital services: Offers wireline broadband and a range of digital services for both personal and corporate customers.

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6. Contemporary Amperex Technology (CATL)

• Market cap: $228 billion
• Revenue: $52.3 billion
• Gross profit: $12 billion
• 1-yr return: +99.65%
• Exchange: SZSE
• Year founded: 2011
• Country: China
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CATL is the world's largest manufacturer of electric vehicle (EV) batteries, supplying a huge portion of the global automotive industry.

• EV battery systems: Designs and manufactures rechargeable lithium-ion batteries for electric vehicles for major clients like Tesla, BMW, and Volkswagen.
• Energy storage systems: Develops large-scale battery systems for storing energy from renewable sources like solar and wind.

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7. PetroChina Co. Ltd.

• Market cap: $217 billion
• Revenue: N/A
• Gross profit: N/A
• 1-yr return: +7.36%
• Exchange: SSE
• Year founded: 1999
• Country: China

PetroChina is China's largest oil and gas producer and distributor, playing a pivotal role in the country's energy sector.

• Exploration & production: Manages the exploration, development, and production of crude oil and natural gas.
• Refining & chemicals: Operates refineries and chemical plants to process crude oil into a wide range of petroleum and chemical products.

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8. Bank of China Ltd.

• Market cap: $175 billion
• Revenue: $86.50 billion
• Gross profit: N/A
• 1-yr return: +16.13%
• Exchange: SSE
• Year founded: 1912
• Country: China

The fourth of the "Big Four" state-owned banks, the Bank of China is the most international and diversified of the group.

• International banking: Has a significant global presence, specializing in foreign exchange and international trade finance.
• Corporate & personal banking: Provides a full range of financial services to clients both in mainland China and abroad.

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9. Foxconn Industrial Internet Co.

• Market cap: $166 billion
• Revenue: $99 billion
• Gross profit: $6.8 billion
• 1-yr return: +224.07%
• Exchange: SSE
• Year founded: 2015
• Country: China

A subsidiary of the Taiwanese giant Hon Hai Precision Industry (Foxconn), Fii focuses on the more advanced aspects of electronics manufacturing.

• High-performance computing: Manufactures cloud servers, data centers, and industrial AI solutions.
• 5G & IoT: A key producer of communications network equipment and Internet of Things (IoT) devices.

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10. China Merchants Bank Co.

• Market cap: $149 billion
• Revenue: N/A
• Gross profit: N/A
• 1-yr return: +37.91%
• Exchange: SSE
• Year founded: 1987
• Country: China

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China Merchants Bank is China's largest non-state-owned bank and is widely regarded as a leader in the country's retail and private banking sectors.

• Retail banking: A major focus on serving individual customers, particularly affluent clients, with a strong reputation for its credit card and wealth management services.
• Corporate banking: Provides a range of services to corporate clients, though it is best known for its retail operations.

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What are the biggest companies by total annual revenue?

• PetroChina Co.: $431.66 billion 
• Sinopec Corp.: $425.11 billion 
• China State Construction Engineering: $305.88 billion 
• China Mobile Limited: $145.74 billion 
• Industrial and Commercial Bank of China: $120.33 billion

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What are the biggest companies by workforce?

• BYD Company: 968,870 
• China Mobile Limited: 455,400 
• Agricultural Bank of China: 454,720 
• Industrial and Commercial Bank of China: 415,160 
• China Construction Bank: 376,850

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Summary

Understanding a company's performance is crucial; it's how you truly know what you own. These metrics directly drive the value of your stocks and funds. When you understand these key drivers, you can navigate market changes with confidence, rather than just reacting to headlines.

Next we’ll be looking at the biggest companies in South America by market cap.

All market data sourced from TradingView and company reports as of 17.09.2025.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than your original investment. Chip does not offer financial advice and this should not be considered as a personal recommendation.

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