Top 50 Companies of China in the Shanghai Composite (SSE 50) index 2021
In highly developed economies, the largest companies always play a significant role in their economy, and not only. Here you will find the 50 largest Chinese listed companies included in the Shanghai Composite Index, along with a brief description.
China has established laws and rules in its system that companies must first obtain approval from the State Council’s Securities Management Department before they can list their shares on China’s main stock exchange – the Shanghai Stock Exchange – SSE. Provided they comply with the regulations set by the China Securities Regulatory Commission (CSRC) regarding size, age and profitability, Chinese companies can then raise capital from stock investors who buy their shares, which are then continuously traded on SSE.
The Shanghai Composite Index
Also known as the SSE Index, it is a stock exchange index of all stocks (A Shares and Series B Shares) traded on the Shanghai Stock Exchange. SSE Indices are all calculated using a Paasche weighted composite price index formula.
Current index = Current total market cap of constituents × Base Value / Base Period
The SSE index is widely recognized as a benchmark on the Chinese stock exchange. The SSE Index is calculated as a composite index weighted against the baseline established during the 1990 SSE reform.
As the main SSE index includes all companies listed on the Shanghai Stock Exchange, narrower indices have also been created to include only larger companies. The other key indices, SSE 180, SSE 50 and SSE 20, therefore only reflect the performance of the largest 180, 50 and 20 companies listed on the Shanghai Stock Exchange.
Below you will find a list of the largest companies of China in the Shanghai Composite (SSE 50) index 2021:
1. Kweichow Moutai
The company was founded on November 20, 1999 and is headquartered in Renhuai, China. It operates in the wine industry, which includes the supply of raw materials, production and sale of products. As of 2021, it is the largest beverage company in the world and China’s most valuable non-technology company. Market capitalization: $225.5B
2. ICBC
The company was founded on January 1, 1984 and is headquartered in Beijing, China. Industrial & Commercial Bank of China Ltd. provides commercial banking and financial services. It operates through the following business segments: corporate banking, individual banking, treasury and other operations. Market capitalization: $242.3B
3. Ping An Insurance
The company was founded in 1988 by Ma Mingzhe and is headquartered in Shenzhen. It is a Chinese holding conglomerate whose subsidiaries mainly deal with insurance, banking and financial services. The name “Ping An” literally translates to “safe and good”. Market capitalization: $227.31B
4. Agricultural Bank of China
The company was founded on July 10, 1951 and is headquartered in Beijing, China. It provides international commercial banking and financial services. Its activities include the following segments: corporate banking, individual banking, treasury operations as well as other and unallocated banking. Market capitalization: $126.97B
5. China Merchants Bank
The company was founded on March 31, 1987 and is headquartered in Shenzhen, China. Based on the individual business segments: Wholesale Finance, Retail Finance and Other Activities, it operates in the field of corporate and personal banking. It focuses on individual and corporate companies, credit cards and small and medium-sized enterprises Market capitalization: $195.35B
6. China Life Insurance
The company was founded on November 23, 2003 and is headquartered in Beijing, China. Its services include life, annuity, accident and health insurance. The company’s activities are based on the following segments: life insurance, health insurance, accident insurance and other activities. Market capitalization: $59.58B
7. Bank of China
The company was founded on February 5, 1912 and is headquartered in Beijing, China. It provides banking and financial services. It operates in the following business segments: corporate banking, individual banking, treasury activities, investment banking, insurance and others. Market capitalization: $103.08B
8. PetroChina
The company was founded on November 5, 1999 and is headquartered in Beijing, China. It is an energy company that engages in oil-related products, services and activities. It deals with the exploration, production, refining and sale of crude oil and natural gas, liquefied natural gas, petrochemicals and chemicals. Market capitalization: $65.45B
9. Jiangsu Hengrui Medicine
The company was founded in 1970 and is headquartered in Lianyungang, China. Known as Hengrui Medicine, Bardisej is a pharmaceutical company. He specializes in anti-cancer drugs, surgery drugs, contrast agents and antibiotics. Its main activities also include research, development, production and sale of drugs and health products. Market capitalization: $82.63 B
10. Sinopec
The company was founded on February 25, 2000 and is headquartered in Beijing, China. China Petroleum & Chemical Corp. called Sinopec, it deals with the exploration, development, production, transport and sale of crude oil and natural gas. As an energy company, it also produces and sells fertilizers, chemicals, petrochemicals, ethanol and biofuels. Market capitalization: $66.61B
11. China Duty Free Group
The company was founded in 1984. Also known as CDFG, it is a state-owned enterprise authorized to operate duty free nationwide. Over the past 30 years, it has expanded its partnership to 1,000 luxury brands, and now operates more than 240 retail stores in Asia and six logistics centers in China. Market capitalization: $97.91B
12. Postal Savings Bank of China
The company was founded on March 6, 2007 and is headquartered in Beijing, China. Also known as PSBC, it is a commercial retail bank. It provides banking and related financial services. The provision of services is directed to small and medium-sized enterprises and rural clients, with low incomes, especially in the field of microfinance services, having a network of over 39,000 branches throughout the country.
Market capitalization: $59.15B
13. Industrial Bank
The company was founded on August 22, 1988 and is headquartered in Fuzhou, China. It deals with the provision of corporate and personal banking services, financial leasing, asset custody and treasury activities. It is a joint-stock bank.
Market capitalization: $79.96 B
14. CITIC Securities
The company was founded in 1979 and is headquartered in Hong Kong. It is an investment holding company operating in the fields of securities, energy, engineering, manufacturing and real estate. A range of financial services include securities trading, debt service, dividend distribution, investment advice and client asset management.
Market capitalization: $24.54B
15. China Shenhua
The company was founded on November 8, 2004 and is headquartered in Beijing, China. It deals with the production and sale of coal and electricity. It operates in the following business segments: coal, energy, rail, port and shipping. China Shenhua Energy is majority-owned by the state-owned China Energy Investment Corporation
Market capitalization: $37.89B
16. SAIC Motor
SAIC Motor was founded on November 24, 1997 and is headquartered in Shanghai, China. It deals with the development, production and sale of cars and their parts. It is currently creating an intelligent logistics services platform to provide extended services to customers. It also provides related financial services and is committed to investing in smart and electric vehicles.
Market capitalization: $38.22 B
17. Bank of Communications
The company was founded in 1908 and is headquartered in Shanghai, China.
Also known as Bocom, it is a commercial bank and provides banking and financial services. It is one of the largest Chinese banks, serving a network of over 2,800 nationwide.
Market capitalization: $42.68 B
18. China Pacific Insurance
The company was founded on May 13, 1991 and is headquartered in Shanghai, China. Mainly known as CPIC, it is a nationwide joint stock company operating in insurance. It operates in the following segments: life insurance, property and casualty insurance and other activities.
Market capitalization: $58.50 B
19. WuXi AppTec
The company was founded by Ge Li, Ning Zhao, Xiao Zhong Liu, Zhao Hui Zhang and Tao Lin on December 1, 2000, and is headquartered in Shanghai, China. It is a global pharmaceutical, biopharmaceutical and medical manufacturing company. Provides an integrated pharmaceutical platform for drug research, development and production.
Market capitalization: $58.09 B
20. CSC Financial Co.
The company was founded on November 2, 2005 and is headquartered in Beijing, China. It operates as China Securities, is an investment bank and brokerage firm. He provides comprehensive services to investment banks.
Market capitalization: CN¥ 290.662 Billion
21. Foxconn Industrial Internet
Foxconn Industrial Internet (Fii) is the world’s leading provider of professional design and manufacturing services for communication network hardware, cloud services hardware, precision tools and industrial robots, providing customers with intelligent manufacturing services for new forms of electronic equipment products focused on the industrial internet platform . The company is also involved in the design, research and development, production and sale of various electronic equipment products.
Fii is committed to building a new “Advanced Manufacturing + Industrial Internet” ecosystem, with technology platforms focused on cloud computing, mobile terminals, IoT), Big Data, artificial intelligence, high-speed networks and robots.
Market capitalization: $42.42 B
22. Beijing-Shanghai High Speed Railway
The company was founded on December 27, 2007 and is headquartered in Beijing, China. Builds, finances and operates high-speed lines and stations between the two cities. The main railway line allows trains to reach speeds of 350 km / h.
Market capitalization: $45.3B
23. Anhui Conch Cement
The company was founded on September 1, 1997 and is headquartered in Wuhu City, China. Also known as Conch Cement, it develops, manufactures and sells cement products and is one of the largest cement producers in Asia.
Market capitalization: $41.7B
24. Shanghai Pudong Development Bank
In short, “SPD Bank” was founded on January 9, 1993 and is a nationwide public limited company based in Shanghai. Thanks to the outstanding track record and renowned integrity of SPD Bank, it has become a highly regarded company listed on the Chinese stock market. It operates an integrated operating model covering such business areas as trust, wealth management, financial leasing, foreign investment banking, rural banks and monetary intermediation. Market capitalization: $47.87 B
25. Wanhua Chemical Group Co.
Wanhua Chemical Group was established on December 16, 1998 and is headquartered in Yantai, China. It is engaged in the production, sale, research and development of chemical products such as isocyanate, polyol and polyurethane. The company business segment includes Polyurethane, Petro-Chemicals, Performance Solutions and Special Chemicals. Market capitalization: $62.99 B
26. LONGi Green Energy Technology
The company was founded on February 14, 2000 and is headquartered in Xi’an, China. It is engaged in R&D, production and sale of crystalline silicon rods and silicon slices. It produces photovoltaic materials, photovoltaic power generation equipment and solar power plant systems, and provides photovoltaic power generation services. Market capitalization: ¥394B
27. People’s Insurance Co. (Group) of China Ltd. (PICC)
The company was founded on October 20, 1949 and is headquartered in Beijing, China. It operates as an investment holding that provides insurance products and services. It is a state owned company engaged in several businesses through dedicated subsidiaries, including property and accident insurance, life insurance, health insurance, asset management, equity investments and reinsurance. Market capitalization: $36.82 B
28. Yili Group
Inner Mongolia Yili Industrial Group company was founded on June 4, 1993 and is headquartered in Hohhot, China. It processes, produces and sells all kinds of dairy products and health drinks. From an originally state-owned company it has developed over the years into a private state-owned enterprise. Market capitalization: $41.07 B
29. Sany Heavy Industry
The company was founded by Tang Xiu Guo on November 22, 1994 and is headquartered in Changsha, China. It is engaged in the production and sale of construction machinery, heavy lifting machinery, parking lot warehouses, common equipment as well as mechanical and electrical equipment products. Market capitalization: $57.87 B
30. China State Construction Engineering
The company was founded on December 10, 2007 and is headquartered in Beijing, China. It is a construction and engineering company engaged in housing construction, real estate development and investments, construction and infrastructure investments, exploration and design, and activities in foreign industries. Market capitalization: $211.9 M
31. BOE Technology Group
The company was founded on April 9, 1993 and is headquartered in Beijing, China. It deals with the Internet of Things (IoT), provides products with intelligent interfaces and professional services in the field of information interaction and human health. It works through the following business categories: displays and sensors, smart systems, and healthcare services.
Market capitalization: $32.69 B
32. Poly Real Estate Group
The company was founded on August 14, 1992 and is based in Guangzhou, Guangdong Province. It is a Chinese developer and subsidiary of China Poly Group. He is mainly involved in the design, development, construction and sale of residential and commercial real estate, as well as providing property management services. Market capitalization: $28.8 B
33. China United Network Communications
The company was founded on June 18, 1994. It is a Chinese state-owned telecommunications operator. It currently provides a wide range of services, including nationwide GSM cellular network, long distance and local calls, data transmission, Internet services and IP telephony. Market capitalization: $20.8 B
34. China Yangtze Power
The company was founded on September 29, 2002 and is headquartered in Beijing, China. It is an energy company that produces electricity. Its activities include domestic and international activities, capital activities, activities in the field of water services, as well as energy distribution and sales. Market capitalization: $68.96 B
35. China Minsheng Bank
The company was founded on January 12, 1996 and is headquartered in Beijing, China. The company operates in the following segments: Corporate Banking, Retail Banking and Other. Its activities include corporate and personal banking, treasury activities, financial leasing, asset management and other financial services. Market capitalization: $26.03 B
36. China Southern Airlines
The company was founded on March 25, 1995 and is headquartered in Guangzhou, China. deals with the provision of domestic, international and regional, scheduled and unplanned air transport of passengers, goods, mail and luggage, general aviation and aircraft maintenance. It is the largest airline in Asia. Market capitalization: $10.59 B
37. Tsinghua Tongfang
The company was founded in 1997 and is headquartered in Beijing, China. He deals with consumer electronics, IT, energy and environmental protection. In the field of information activities, the company mainly deals with computers, applications and digital television (TV) systems. In the field of energy and environmental protection, it offers services related to and energy-saving buildings. Market capitalization: ¥17.042B
38. China Fortune Land Development
The company was founded in 1998 and is based in Beijing, China. It is involved in the activities of the industrial city focusing on six main areas: planning and design, land consolidation, infrastructure construction, public construction, industrial development and urban operation; ensuring the region’s sustainability of the entire process of integrated solutions.
Market capitalization: ¥31.505B
39. Shandong Gold Mining
The company was founded on January 31, 2000 and is headquartered in Jinan, China. He is mining gold. It specializes in the production and sale of specialized gold mine equipment and materials for building decoration. The company produces standard gold bars and a variety of investments in gold bars and silver ingots. Market capitalization: $14.20 B
40. Foshan Haitian Flavouring and Food
The company was founded on August 30, 1995 and is headquartered in Foshan, China. It produces and sells spices. It is the largest producer of soy sauce in the world.
Market capitalization: $86.16 B
41. Zijin Mining Group
The company was founded by Jing He Chen on July 15, 1986 and is headquartered in Longyan, China. Zijin is a mining company listed on the Shanghai and Hong Kong Stock Exchanges, mainly engaged in the exploration, exploration and extraction of gold, copper and other minerals. It operates in 11 countries. Market capitalization: $38.97 B
42. Greenland Holdings Group
The company was founded on July 18, 1992 and is headquartered in Shanghai, China. It is a Chinese developer engaged in the development, sale and leasing of real estate. It also offers second-hand housing mediation.
Market capitalization: $70.697 B
43. Haitong Securities
The company was founded on August 30, 1988 and is headquartered in Shanghai, China. Its activities focus on brokerage securities, investment banking, asset management, equity investments, fixed income activities, innovation, financial leasing and overseas activities.
Its product offering includes wealth management, corporate finance, futures, equity finance, bond finance, equity investments, fixed income operations, securities finance and fiduciary services.
Market capitalization: $12.28 B
44. Orient Securities
The company was founded on December 10, 1997 and is headquartered in Shanghai, China. I provide financial services. The main scope of the company’s activity includes the management of assets in securities and activities in the field of managing investment funds in a public offering. Among them, activities in the field of asset management in securities include collective asset management, single asset management and special asset management.
Market capitalization: $61.59 B
45. Daqin Railway
The company was founded on October 26, 2004 and is based in Datong, China. It is involved in rail transport services. The company’s services are divided into cargo and passenger transport.
Market capitalization: $97.1 B
46. Bank of Beijing
The company was founded on December 8, 1995 and is headquartered in Beijing, China. It provides banking services. Its activities include corporate banking, retail banking, financial markets and direct banking.
Market capitalization: $100.641B
47. Dongxing Securities
The company was founded on May 28, 2008 and is headquartered in Beijing, China. It is a Chinese investment bank and brokerage firm. It is involved in integrated securities and financial services.
Market capitalization: $31.882B
48. Guotai Junan Securities
The company was founded on August 18, 1999 and is headquartered in Shanghai, China. Jes is an integrated financial services provider and a comprehensive investment bank. The company operates in the following segments: Institutional Finance, Personal Finance, Investment Management and International Business. Market capitalization: $136.911B
49. Everbright Securities
The company was founded on March 8, 1996 and is headquartered in Shanghai, China. He conducts brokerage activities in the field of securities. The main areas of Everbright Securities’ business include: Retail Brokerage, Investment Banking, Asset Management, Ownership Investments, Sales and Research, as well as futures trading and PE investments through its subsidiaries. Market capitalization: $63.979 B
50. CRRC Corporation Limited
The company was founded on June 1, 2015 and is headquartered in Beijing, China. It is a publicly traded Chinese state-owned rolling stock manufacturer. It is the world’s largest rolling stock producer in terms of revenues, ahead of its main competitors Alstom and Siemens. The company deals with the production, trade and leasing of means of transport.
Market capitalization: $225.104B
Conclusion:
Historically centralized administration and manufacturing in China has resulted in many of the largest Chinese companies listed on the Shanghai Stock Exchange being founded or spun off from public organizations or state-owned enterprises. Occasionally SOEs set up a separate branch to adequately meet CSRC requirements and go public and better manage the transition to private equity.
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