What are the Fortune 500 companies in China?

According to the 2017 Fortune 500 list released by Fortune.com, China's companies on the list reached 115 this year, with 109 companies on the mainland (including Hong Kong and excluding Taiwan). The number is second only to the United States, with 132, and Japan, with only 51.

From the point of view of ownership, China's list is still dominated by state-owned enterprises (SOEs), a pattern that is unlikely to change for a long time. This also reflects the reality that state-owned enterprises dominate China's national economy at the enterprise level. But this year's private companies also performed well.

From the situation in China, the rapid increase in the number of companies entering the Fortune 500 list in recent years has been realized in tandem with the country's ultra-high-speed economic growth and the continuous enlargement of its economic scale.In 2011, the number of China's companies entering the Fortune 500 list surpassed that of Japan in one fell swoop, and the trend has been maintained ever since.In 2017, China entered the list with 10 new companies. The number of U.S. companies has remained stable at 132, unchanged for several years. Based on this, we can predict that, according to the current growth rate of the Chinese economy, the number of Chinese companies on the list will certainly continue to increase next year.

However, a report by Fortune.com points out that there are serious structural imbalances and excessive leverage among China's mainland companies on the list. Fewer companies on the list come from the tertiary service sector; the main body is state-owned, with fewer private companies; and profits are imbalanced in the distribution of industries, with the banks on the list accounting for about half of the total profits of mainland companies, while U.S. profits from the banks on the list are only about one-tenth of the profits of all the companies on the list.

"In the rapid increase in the number of companies entering the world's top 500 list at the same time, compared with the developed countries on the list of companies, China's list of companies on the main problems or structural." To the industrial structure, for example, China's companies on the list are mainly distributed in the iron and steel, automobile, resources, chemical industry, finance and other fields, which belongs to the steel industry is a traditional industry, in recent years, the economic benefits of a substantial decline, close to the edge of the industry's losses, although the market after the de-capacitation warmed up, but there is still a great deal of business risk; the automobile industry, although the development of the automobile industry is rapid, but mainly rely on the joint venture in the foreign brand of the car to get benefits Although the automobile industry is developing rapidly, it mainly relies on joint ventures in foreign brands of automobiles to obtain benefits, which does not represent the core competitiveness of China's national automobile industry itself, and the development of national automobiles with independent brands is still very inadequate. Others, such as equipment manufacturing, aviation, aerospace industry and information industry including software and hardware, China has few or no enterprises to be shortlisted. From the classification of manufacturing and service industries, China's shortlisted enterprises are mainly in the traditional manufacturing industry, except for financial enterprises, shortlisted few service industries, while enterprises in developed countries are mainly in the modern service industry and high-end manufacturing industry.

The following is the list of China's Fortune 500 companies on the list: