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|
|6||Ping An Insurance||4||89.088|
|8||Bank of Communications||43||70.223|
|9||China Merchants Bank||38||70.150|