TOP 10
The Chinese economy has seen a phenomenal growth rate since its 1978 market reforms . In fact , the World Bank says that GDP growth has averaged nearly 10 percent every year , ‘ the fastest sustained expansion by a major economy in history ’, which has lifted over 800 million people out of poverty . Here , we take a look at the top 10 Chinese companies from Forbes ’ 2015 round-up – unsurprisingly the list is dominated by the banking and financial services sector .
01 ICBC
Industrial and Commercial Bank of China was founded in 1984 and , in 2005 , was wholly restructured to a joint-stock limited company . At the end of 2015 , total assets of the bank amounted to RMB 22,209,780 million , up 7.8 percent on the previous year . Also in 2015 , ICBC opened new branches in Saudi Arabia , Myanmar and Mexico , becoming the first Chinese bank with a footprint in these areas .
02 CHINA CONSTRUCTION BANK
CCB consists of three principal business segments : corporate banking , personal banking and treasury operations . Headquartered in Beijing and founded in 1954 , CCB is well known internationally , with a global network of branches in Hong Kong , Singapore , Frankfurt , Johannesburg , Cape Town , Tokyo , Osaka , Seoul , New York , Ho Chi Minh City , Sydney , Melbourne , Brisbane , Taipei , Luxembourg , Macau , Toronto , Paris , Amsterdam , Barcelona , Milan , London , Zurich and Dubai . At the end of 2015 , the market value of the bank reached US $ 173.3 billion , ranking fifth among all listed banks in the world .
24 August 2016