Largest Companies in China (2026)

State Grid Corporation of China is the country's largest company and the third-largest in the world on Fortune's 2026 ranking. Established in 2002, the state-owned utility builds and operates electricity transmission and distribution networks serving more than 1.1 billion people in 26 provincial-level regions, and holds grid assets abroad in markets including Australia, Brazil, Chile, Italy, the Philippines and Portugal. It is also the largest Chinese employer on the list, with 1,347,273 staff.

China National Petroleum Corporation (CNPC) was created in 1999 in a government reorganisation of the energy sector and combines oil and gas production with an oilfield services business. It reported revenue of US$401.9bn, down 2.6% in dollar terms, and employs 948,579 people. CNPC has expanded its natural gas operations and runs overseas exploration and drilling projects from North America to Eastern Europe.

Sinopec Group is the state holding company for China Petroleum and Chemical Corporation and works across exploration, refining, petrochemicals and fuel sales. Its revenue fell 10.7% to US$364.0bn, the largest decline among China's top three. The listed subsidiary trades in Hong Kong, London and New York, and the group has invested in renewable projects including bio-based jet fuel and green hydrogen.

China State Construction Engineering Corporation (CSCEC) is the largest construction company on the Chinese list, with revenue of US$289.9bn. Founded in 1982 and based in Beijing, it works in housing construction, infrastructure, real-estate development and design, with further activities in energy engineering and equipment leasing. Fortune records it as majority government-owned.

Industrial and Commercial Bank of China (ICBC) is the largest Chinese bank by revenue, at US$210.6bn, and the most profitable company on the Chinese list, earning US$51.3bn. Founded in 1984 as part of China's economic reforms, it provides personal and commercial banking in 45 countries and has been listed in Shanghai and Hong Kong since 2006.

Agricultural Bank of China is one of the country's “Big Four” state-controlled banks. Founded in 1952 and re-established in 1979, it raised US$22.5bn in its 2010 dual listing in Hong Kong and Shanghai, then the largest initial public offering on record. It reported 2025 revenue of US$190.7bn and profit of US$40.5bn.

China Construction Bank traces its history to the People's Construction Bank of China, founded in 1954, and listed in Hong Kong in 2005 and Shanghai in 2007. Its revenue of US$188.7bn places it just behind Agricultural Bank of China, while its profit of US$47.2bn is the second-highest on the Chinese list after ICBC.

JD.com is the largest privately founded company on the Chinese list, with revenue up 13.1% to US$182.1bn. Founded in 1998 as an online retailer of electronics, it now sells home appliances and general merchandise and provides technology and logistics services. The company is incorporated in the Cayman Islands with executive offices in China, and reports under US accounting standards.

China Life Insurance is China's largest insurer by revenue on Fortune's list, at US$178.2bn, up 11.2%. The Beijing-based company sells life, health, accident, annuity and pension products and operates as a subsidiary of China Life Insurance (Group) Company; Fortune records it as majority government-owned.

Bank of China, founded in 1912, is the country's oldest continuously operating bank. Restructured as a wholly state-owned commercial bank in 1994, it has branches across the mainland and in 62 countries and regions, with segments covering corporate and personal banking, treasury, investment banking and insurance. Revenue was US$171.6bn in 2025.

Ping An Insurance is one of three companies in the Chinese top 15, with JD.com and Alibaba, that Fortune does not record as majority government-owned. The Shenzhen-based insurer serves about 250 million retail customers and has applied automated enrolment and claims handling across its operations. It reported revenue of US$158.6bn and profit of US$18.8bn.

China Railway Engineering Group (CREC) traces its origins to the Shanhaiguan works set up in the late 19th century to manufacture track and bridges for China's first domestically built railway. Today it is one of the world's largest construction contractors, also active in equipment manufacturing, consulting and property development. Revenue fell 5.7% to US$152.2bn.

China Mobile Communications provides mobile, 5G, fixed broadband, cloud and data-centre services, mainly in mainland China and Hong Kong. Its listed arm, China Mobile Limited, trades in Hong Kong and Shanghai after its New York listing ended in 2021; the state-owned parent controls the group. Revenue was US$146.6bn with profit of US$14.8bn.

Alibaba Group, founded in 1999 and based in Hangzhou, operates the Taobao retail platform and the Alibaba.com wholesale marketplace, and sells cloud computing and AI services through Alibaba Cloud. Fortune lists revenue of US$144.2bn, up 4.4%, and notes that Alibaba rose seven places to 56th in the global ranking.

China Railway Construction Corporation builds and maintains railways, highways, urban rail lines, bridges and tunnels and is one of four Beijing-based construction contractors in the Chinese top 20. Its revenue declined 3.3% to US$143.5bn, and it employs 304,927 people.

CITIC Group, formerly China International Trust and Investment Corporation, is a Beijing-based conglomerate that Fortune classifies under diversified financials. It recorded revenue of US$139.3bn, broadly flat on the prior year, and profit of US$4.2bn.

China Communications Construction is a Beijing-based contractor classified by Fortune in engineering and construction. Revenue fell 3.7% to US$134.1bn, while profit was US$276.1m, the lowest margin among the top 20 Chinese companies.

China Resources is a state-owned conglomerate headquartered in Hong Kong whose businesses include supermarkets, beer and beverages, pharmaceuticals and medical devices, property development, natural gas supply and power generation. Fortune assigns it to mainland China and records revenue of US$133.3bn.

Hengli Group, based in Suzhou, is the largest company in the Chinese top 25 without state ownership outside internet retail and insurance. Founded in 1994 as Wujiang Huayi Textile, it operates oil refining, petrochemicals, polyester materials and textiles, and took its current name in 2023. Revenue was US$125.1bn on a profit of US$439.7m.

Huawei Investment & Holding is the parent of the Shenzhen telecommunications equipment and consumer electronics maker and one of four Shenzhen-headquartered companies in the Chinese top 25, with Ping An, BYD and Tencent. Fortune lists revenue of US$122.6bn, up 2.3%, profit of US$9.3bn and 213,000 employees; its figures are prepared under international accounting standards.

China National Offshore Oil Corporation (CNOOC) is the country's third state oil group, focused on offshore exploration and production. With 86,077 employees it has the smallest workforce in the Chinese top 25, while its US$12.7bn profit ranks it among the more profitable Chinese companies; revenue fell 7.6% to US$120.9bn.

China Southern Power Grid, headquartered in Guangzhou, is the second electricity utility in the Chinese top 25 alongside State Grid. Fortune records revenue of US$118.8bn, almost unchanged on the prior year, and 251,674 employees.

Shandong Energy Group, based in Jinan and formerly known as Yankuang Group, is the only company in the Chinese top 25 that reported a net loss for 2025, of US$545.5m. Fortune classifies it in mining and crude-oil production; its revenue fell 3.2% to US$116.6bn.

BYD is China's largest carmaker by revenue and the only motor-vehicle company in the national top 25, with revenue of US$111.9bn. The Shenzhen company built its electric-vehicle business on in-house battery production and is expanding manufacturing abroad, including in Thailand, Brazil, Hungary and Turkey. It employs 869,622 people, the third-largest workforce in China's top 25.

Tencent Holdings operates WeChat, which Fortune describes as having 1.3 billion monthly active users and serving as one of China's two leading payment services. Tencent rose 19 places to 97th in the global ranking; revenue grew 14% to US$104.6bn and its profit of US$31.3bn is the fifth-highest in the Chinese top 25 and the highest outside banking.