Publicly listed companies in China posted growth in revenues and profits approaching 20% last year, as the Chinese economy bounced back from the impacts of COVID-19.
In 2021 the total operating revenues of China’s listed companies grew by 19.81% year-on-year (YoY) to hit 64.97 trillion yuan, according to a report released by the China Association for Public Companies (CAPCO) on 30 April. Net profits rose by 19.56% in 2021 to reach 5.30 trillion yuan
The “China Listed Company 2021 Annual Operating Performance Express Report” (中国上市公司2021年年报经营业绩快报) further indicates that in 2021 China saw a total of 524 new listings, bringing the total number of listed companies in the country to 4682 by the year’s end.
The market capitalisation of China’s listed companies is 96.53 trillion yuan, putting the country in second place globally.
The Shanghai Stock Exchange is host to 2031 listed concerns, while Shenzhen is host to 2569 and the Beijing Stock Exchange 82.