Banks, Insurers and Tech Giants Dominate China’s Most Profitable Companies

The latest China Fortune 500 list indicates that the ranks of the country’s ten most profitable companies are dominated by commercial banks, insurance companies and tech giants.

China’s ten most profitable companies collectively account for nearly 40% of the profits of the 500 largest listed companies.

List of China’s ten most profitable companies for 2018

Profitability ranking Company China Fortune 500 ranking Profits (billion yuan)
1 Industrial and Commercial Bank of China 7 286.049
2 China Construction Bank 11 242.264
3 Agricultural Bank of China 12 192.962
4 Bank of China 14 172.407
5 China Mobile 6 114.279
6 Ping An Insurance 4 89.088
7 Tencent 33 71.510
8 Bank of Communications 43 70.223
9 China Merchants Bank 38 70.150
10 Alibaba 35 67.071

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