Chinese companies extend their streak at the top of the Global 2000, our annual ranking of the biggest publicly traded corporations in the world. For the sixth consecutive year, the Industrial and Commercial Bank of China (ICBC) and the China Construction Bank take the No 1 and 2 spots. Overall, China-Hong Kong accounts for 291 of the companies on the list, up from 262 in 2017. On our inaugural list in 2003, there were 43 firms from China-Hong Kong and only 3 in the top 100. PetroChina, ranked No 30 this year, was the highest-ranked Chinese company in 2003 at No 54. The Asia-Pacific region leads with 792 companies, 40 percent of the entire list. Taken as a group, the Global 2000 accounts for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value. All metrics are up double digits year-over-year, with profits up by 28 percent.
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The Forbes Global 2000 is a list of the world’s largest public companies as measured by revenues, profits, assets and market value as of May 11, using data from Factset Research Systems. We weight the four metrics equally to come up with a composite score. Not included are employee- or cooperative-owned entities such as Huawei of china and Fonterra of New Zealand. Companies structured as limited partnerships, such as some large private equity firms, are excluded for accounting inconsistencies. Later activity not reflected.
Reporting by Prisca Ang, Jane Ho, Joyce Huang