12 Companies Top 1 Tril. Yuan in Market Cap
The Chinese press recently announced a top 500 market cap list of Chinese enterprises. The list consists of those listed on the 15 stock exchanges including Shanghai, Shenzhen, Hong Kong and New York. The number was 7,974 and their total market cap was 148.6 trillion yuan at the end of last month.
The companies include 254 with a market cap of at least 100 billion yuan each. More than half of them are IT, electronics and secondary battery companies and most of them are private enterprises. On the other hand, in 2010, 68 companies were in that group and most them were state-owned enterprises.
The number of Chinese companies that are on the list with a market cap of at least one trillion yuan each is 12, including Tencent, Alibaba, Maotai, Industrial and Commercial Bank of China, China Construction Bank and CATL. This group consists of five financial companies, four e-commerce and Internet companies, two baijiu companies and one secondary battery company.
Tencent is the largest company on the list and its market cap is 4,662.6 billion yuan. The runner-up is Alibaba (3,970.3 billion yuan). Delivery service provider Meituan came in fifth with 1,629.3 billion yuan and e-commerce company Pinduoduo came in 12th with 1,028.4 billion yuan.
CATL’s market cap surged 52.3 percent in just six months. In addition, BYD’s market cap was approximately 720 billion yuan at the end of June. These days, the platform service providers including Tencent, Alibaba, Meituan and Pinduoduo are showing a gradual decline in market cap whereas secondary battery and electric vehicle manufacturers such as CATL and BYD are increasing their market caps rapidly.