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.
(This story appears in the 06 July, 2018 issue of Forbes India. To visit our Archives, click here.)