China’s 20 largest publicly traded companies, based on market cap. This chart also visualizes each company’s 1-year price change. All figures are as of March 7, 2024.
Note: Wherever applicable, % change is based on H-Shares performance. H-Shares are shares of Chinese companies listed on the Hong Kong Stock Exchange. A-Shares, on the other hand, trade on the Shanghai or Shenzhen exchanges.
China’s most valuable company, Tencent, is a technology conglomerate with operations in social media, gaming, music, and e-commerce. The firm’s share price peaked in early 2021, and has been in downward trend ever since (there was a brief rally at the tail end of 2022).
This underperformance reflects a broader trend across the Chinese equity market, with the Hang Seng Index down 19%, and the SSE Composite Index down 8% (also over the 1-year period ending March 7, 2024).
Two stocks that have greatly outperformed over this period are PetroChina (one of Asia’s largest oil & gas producers) and CNOOC (China National Offshore Oil Corporation).
In October 2023, PetroChina posted a record quarterly profit of $6.3B thanks to growing output and fuel sales.
Company | Sector | Market Cap | 1-Yr Change (%) |
---|---|---|---|
BYD | Conglomerate | 74,316,689,592 | -13.3 |
PetroChina | Energy | 220,734,000,000 | 37.1 |
CNOOC | Energy | 109,611,000,000 | 42.9 |
China Shenhua Energy | Energy | 105,626,000,000 | 27.8 |
Sinopec | Energy | 98,635,347,465 | -20.4 |
CATL | Energy | 97,950,119,268 | -27.5 |
China Yangtze Power | Energy | 88,109,331,914 | 23.6 |
ICBC | Financial Services | 245,219,000,000 | -2.7 |
Agricultural Bank of China | Financial Services | 202,769,000,000 | 15.2 |
Bank of China | Financial Services | 167,218,000,000 | 4.4 |
China Construction Bank | Financial Services | 159,142,000,000 | -3.8 |
CM Bank | Financial Services | 108,631,000,000 | -11.1 |
Ping An Insurance | Financial Services | 97,826,573,543 | -34.9 |
China Life Insurance | Financial Services | 93,301,887,920 | -31.2 |
Kweichow Moutai | Food & Beverage | 294,053,000,000 | -4.9 |
Wuliangye Yibin | Food & Beverage | 74,610,022,987 | -30.6 |
Tencent | Technology | 327,694,000,000 | -22.5 |
China Mobile | Technology | 189,816,000,000 | 8.8 |
Alibaba | Technology | 181,300,000,000 | -16.6 |
Pinduoduo | Technology | 155,631,000,000 | 25.9 |