Since the reform and opening up, the mainland economy has achieved long-term rapid development, and at the same time, a number of giant listed enterprises have emerged, the market value of these enterprises even exceeds the total GDP of many cities, and has become China's most influential giant enterprises.
According to 21 Data Journalism Lab, the 20 companies with the highest market capitalization in China as of December 31, 2022, which are them? And what is the market capitalization? Let's take a look together.
Tencent
The latest market value of Tencent Holdings is 2,857.1 billion yuan, although it is down 20.38% from the previous year, but because the decline is lower than TSMC, Tencent's ranking has risen one place to become the company with the highest market value in China.
TSMC
TSMC's latest market value is 2,690.5 billion yuan, down 32.37% from the previous year, which is the largest decline among the top 10 companies in China by market capitalization, and the ranking is also surpassed by Tencent, ranking second in China. The latest market value of Kweichow Moutai is 2,169.5 billion yuan, down 15.76% from the previous year, continuing to rank third in China. Alibaba's latest market capitalization is 1,631.8 billion yuan, down 22.60% from the previous year, continuing to rank fourth in China.
Industrial and Commercial Bank of China
The market capitalization of the five major banks, namely Industrial and Commercial Bank, China Construction Bank, Agricultural Bank of China, China Merchants Bank and Bank of China, is distributed in the 5-13 range of listed companies in China, and the market value is distributed in the range of 800-1.5 trillion yuan. In addition, China Mobile, Meituan, and CATL entered the top ten of the list.
The list of the 20 companies with the highest market capitalization in China and the market capitalization ranking are as follows: