In this article we are going to list the top 5 Chinese stocks by market cap. For a detailed coverage of this topic and a more comprehensive list please take a look at the Top 15 Chinese Stocks by Market Cap.
5. China Construction Bank
Total market cap of the company at 17th November 2022 (in billions): 149.9
China Construction Bank has around $4.25 trillion in assets, the second highest of any company in the world. It is also among the biggest banks in the world with over 13,600 branches in China in addition to overseas branches in various countries including Luxembourg, Spain, Germany, Hong Kong, the United States and South Korea among many others.
4. ICBC
Total market cap of the company at 17th November 2022 (in billions): 203.2
The Industrial and Commercial Bank of China is one of the many state-owned companies in the list of the top Chinese stocks by market cap. The company currently has assets worth nearly $4.5 trillion, the highest of any company in the world. In addition to being one of the biggest public companies in the world, ICBC is also one of the most profitable companies in the world.
3. Alibaba Group Holding Limited (NYSE:BABA)
Total market cap of the company at 17th November 2022 (in billions): 229.7
Alibaba Group Holding Limited (NYSE:BABA) is one of the largest online retailers in the world which specializes in Internet, retail, e-commerce and technology. Founded by the famous Jack Ma, Alibaba Group Holding Limited (NYSE:BABA) also introduced electronic payment services in addition to cloud computing services and shopping search engines. In 2014, Alibaba Group Holding Limited (NYSE:BABA) had the biggest IPO in history after raising $25 billion on the New York Stock Exchange, which gave it a valuation of $231 billion.
2. Kweichow Moutai
Total market cap of the company at 17th November 2022 (in billions): 275.5
Kweichow Moutai is one of the biggest alcohol producers in the world, specializing in the production of Maotai, a spirit. The state-owned company is also involved in developing anti-counterfeiting technology in addition to researching and developing different kinds of information technology products. It is the most valuable non-tech company in China.
1. Tencent Group
Total market cap of the company at 17th November 2022 (in billions): 372.8
Easily topping the list of the top 15 Chinese stocks by market cap is Tencent Group. Tencent is a major Chinese conglomerate which has a significant presence in the entertainment and technology sector, being the biggest video game company in the world. In addition to the video game industry, the company is also involved in artificial intelligence and entertainment, being counted among the biggest investment corporations, venture capital and social media companies out there. It was the first Asian company to pass the $500 billion valuation in 2018 and touched $1 trillion in January 2021, before plummeting in the next two years. Despite its stock price crashing, it is still the most valuable company in China and among the most valuable in the world.
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