China holds on to the top of the 2017 Global 2000, our annual ranking of the world’s biggest and most powerful listed companies. The Industrial & Commercial Bank of China and the China Construction Bank take the No 1 and 2 spots for the fifth consecutive year. Twelve percent of the companies in the top 500 are from China-Hong Kong, up from 2 percent on our inaugural list in 2003. Asia-Pacific leads the Global 2000 with 763 companies and a combined market value of $13.2 trillion. Companies from the region make up 38 percent of the list compared to 23 percent in 2003. Global 2000 companies are ranked using four criteria: Sales, profits, assets and market value. Total market value increased by 10 percent over last year. In comparison, global GDP grew by 3.1 percent in 2016.
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 April 7, 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
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(This story appears in the 21 July, 2017 issue of Forbes India. To visit our Archives, click here.)