China’s Largest Companies by market capitalization, 2024
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China’s Largest Companies by market capitalization, 2024
Last Updated on February 21, 2024 by Prof. Dr. Amarendra Bhushan Dhiraj
As of February 21, 2024, KWEICHOW MOUTAI is the most valuable company in China, with a market cap of $296 billion. Following it are CHINA MERCHANTS BANK ($108 billion) and CONTEMPORARY AMPEREX TECHNOLOGY ($98 billion). China’s top five most valuable companies include some of the world’s most renowned brands: PING AN INSURANCE (GROUP) COMPANY OF CHINA (No. 4, $95.61 billion) and CHINA YANGTZE POWER CO (No. 5, $85.66 billion).
Overall, among China’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by WULIANGYE YIBIN CO, MIDEA GROUP CO., LTD, SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO, INDUSTRIAL BANK CO., LTD, HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD
Which one is the most valuable in China by market cap?
This list comprises the biggest companies currently in China by market cap in 2024:
China’s Largest Companies by market capitalization, 2024
| Rank | Company | Market Cap (US$) |
|---|---|---|
| 1 | KWEICHOW MOUTAI CO., LTD. | $296 billion |
| 2 | CHINA MERCHANTS BANK CO., LTD. | $108 billion |
| 3 | CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED | $97.84 billion |
| 4 | PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | $95.61 billion |
| 5 | CHINA YANGTZE POWER CO., LTD. | $85.66 billion |
| 6 | WULIANGYE YIBIN CO.,LTD. | $73.42 billion |
| 7 | MIDEA GROUP CO., LTD. | $57.38 billion |
| 8 | SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD. | $50.15 billion |
| 9 | INDUSTRIAL BANK CO., LTD. | $46.70 billion |
| 10 | HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. | $43.97 billion |
| 11 | FOXCONN INDUSTRIAL INTERNET CO., LTD. | $47.66 billion |
| 12 | CITIC SECURITIES COMPANY LIMITED | $40.28 billion |
| 13 | SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD. | $38.10 billion |
| 14 | JIANGSU HENGRUI MEDICINE CO., LTD. | $36.80 billion |
| 15 | BEIJING-SHANGHAI HIGH-SPEED RAILWAY CO., LTD. | $34.79 billion |
| 16 | SHAANXI COAL INDUSTRY COMPANY LIMITED | $34.17 billion |
| 17 | WANHUA CHEMICAL GROUP CO., LTD. | $32.54 billion |
| 18 | LUZHOU LAOJIAO CO.,LTD | $31 73 billion |
| 19 | CHINA PACIFIC INSURANCE (GROUP) CO., LTD. | $30.55 billion |
| 20 | CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED | $30.16 billion |
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