(News Bulletin 247) – The top 10 of the Chinese market is obviously occupied by behemoths from different sectors, whether digital, banking, oil or e-commerce.

What are the largest groups on the stock market by country? To find out, the News Bulletin 247 editorial team decided to devote an article to each major market, retaining the ten largest market capitalizations by country based on data from companiesmarket.com.

The Chinese market has been suffering for several years, with foreign investors having fled the country, scalded by the slowdown in growth and political risk – Beijing regularly puts pressure on sectors such as tech – and geopolitics.

However, China (including Hong Kong) remains the second largest stock market in the world behind the United States, with a total market capitalization of more than $11.5 trillion, according to Bloomberg data compiled by Deutsche Bank in February. And an improvement is currently being observed, the CSI 300, which brings together large capitalizations listed in Shanghai and Shenzhen, has gained nearly 11% since the beginning of February


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Video games, e-commerce and mega-banks

The large groups listed on Chinese stock markets (we included Hong Kong) are all heavyweights in their sectors.

The first market capitalization is none other than Tencent, the largest video game group in the world (and partner of Ubisoft) even if the company is in reality present in numerous digital services, such as Wechat instant messaging, essential in China, and QQ.

Second place is occupied by Kweichow Moutai, known for producing the famous Moutai brandy, sold almost only in China and which can reach over 50 degrees.

Four banks are in the top 10, ICBC (third), Agricultural Bank of China (fifth), Bank of China (eighth) and China Construction Bank (CCB, tenth). According to a ranking established in 2022 by S&P Market intelligence, these are quite simply the four largest banks in the world in terms of financial balance sheet (total assets), ICBC being first with more than 5.536 billion dollars in assets ahead of CCB , Agricultural Bank of China and Bank of China.

Fourth place is occupied by the oil giant PetroChina, of which the Chinese government still owns around 80% of the capital. Sixth, the telecoms operator China Mobile has 450,000 employees and 985 million mobile subscribers, which probably makes it the leading mobile operator in the world.

Seventh, Chinese e-commerce giant Alibaba (which owns Aliexpress) first listed on the New York stock market in 2014 before joining Hong Kong five years later. But its capitalization, which was close to $500 billion in 2019, has since melted, due in particular to Beijing’s tightening of the screws on the regulation of tech behemoths.

Ninth place is occupied by Pinduoduo, a very low-cost e-commerce platform, known for the Temu application, and which claims more than 900 million users. As reported by the Wall Street Journal, it is currently cutting corners from Alibaba, due to its aggressive pricing policy.

  • Prices and market capitalizations were finalized on Thursday afternoon.
  • The largest capitalizations in the world: