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CEOWORLD magazine - Latest - Banking and Finance - China’s Largest Companies by market capitalization, 2024

Banking and Finance

China’s Largest Companies by market capitalization, 2024

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As of December 20, 2024, KWEICHOW MOUTAI is the most valuable company in China, with a market cap of $267 billion. Following it are CATL (CONTEMPORARY AMPEREX TECHNOLOGY) ($162 billion) and CHINA MERCHANTS BANK CO., LTD.($130 billion).

Which one is the most valuable in China by market cap?
This list comprises the biggest companies currently in China by market cap in 2024:

China’s Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPITAL (USD DOLLAR)
1KWEICHOW MOUTAI CO., LTD.$267 billion
2CATL (CONTEMPORARY AMPEREX TECHNOLOGY)$162 billion
3CHINA MERCHANTS BANK CO., LTD.$130 billion
4PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.$121 billion
5CHINA YANGTZE POWER CO., LTD.$98.12 billion
6MIDEA GROUP CO., LTD.$77.34 billion
7WULIANGYE YIBIN CO.,LTD.$76.37 billion
8FOXCONN INDUSTRIAL INTERNET CO., LTD.$60.42 billion
9CITIC SECURITIES COMPANY LIMITED$58.01 billion
10EAST MONEY INFORMATION CO.,LTD.$55.93 billion
11INDUSTRIAL BANK CO., LTD.$52.79 billion
12SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.$41.85 billion
13BEIJING-SHANGHAI HIGH-SPEED RAILWAY CO., LTD.$41.32 billion
14LUXSHARE PRECISION INDUSTRY CO., LTD.$41.25 billion
15HYGON INFORMATION TECHNOLOGY CO., LTD.$41.01 billion
16JIANGSU HENGRUI MEDICINE CO., LTD.$40.56 billion
17CHINA PACIFIC INSURANCE (GROUP) CO., LTD.$40.2 billion
18HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.$39.28 billion
19SHANGHAI PUDONG DEVELOPMENT BANK CO., LTD.$38.34 billion
20CAMBRICON TECHNOLOGIES CORPORATION LIMITED$36.37 billion
21FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD.$35.67 billion
22HAIER SMART HOME CO., LTD.$34.37 billion
23CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED$34.05 billion
24GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI$32.86 billion
25SHAANXI COAL INDUSTRY COMPANY LIMITED$32.61 billion
26SHANXI XINGHUACUN FEN WINE FACTORY CO.,LTD.$32.31 billion
27WANHUA CHEMICAL GROUP CO., LTD.$31.96 billion
28PING AN BANK CO., LTD.$30.83 billion
29CRRC CORPORATION LIMITED$29.79 billion
30MUYUAN FOODS CO., LTD.$29.38 billion

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CEOWORLD magazine - Latest - Banking and Finance - China’s Largest Companies by market capitalization, 2024
Lila Jones
Senior News Editor at CEOWORLD Magazine. I'm a veteran correspondent for the CEOWORLD Magazine. During my career, I've been based in New York, Washington, DC, Brussels and London. Over the years I've written about everything from the debt crisis to Brexit and the rise of populism in Europe. I did a stint in London as the CEOWORLD Magazine's Europe News Editor and Deputy World News Editor. In my current post I try to capture life in a changing banking to finance landscape.