List of Major Chinese Conglomerates
In China, a big company that owns many smaller ones is called a conglomerate. The Chinese word “jituan” means “business group” or “conglomerate.” Some people think Chinese conglomerates have goals besides making money, like trying to control the global microprocessor market. Sometimes, chasing these goals leads to the company borrowing money, which can cause financial problems. When companies have a lot of debt, regulators might start paying closer attention to them. Here are the Major Chinese Conglomerates as mentioned below.
| Rank | Name | Headquarters | Revenue (US$M) | Employees |
|---|---|---|---|---|
| 1 | HNA Group | Haikou | 81,419.8 | 143,480 |
| 2 | Fosun International | Shanghai | 32,389.7 | 73,043 |
| 3 | China Evergrande Group | Shenzhen | 45,843.0 | 191,131 |
| 4 | Legend Holdings | Beijing | 75,914.4 | 68,314 |
| 5 | China Resources Group | Shenzhen | 119,601.2 | 362,706 |
| 6 | CITIC Group | Beijing | 61,887.0 | 156,898 |
| 7 | China Oceanwide Holdings Group | Beijing | 11,466.4 | 30,542 |
| 8 | China Poly Group Corporation | Beijing | 66,024.3 | 143,338 |
| 9 | China National Travel Service (HK) | Hong Kong | 10,441.3 | 38,407 |
| 10 | China Energy Investment | Beijing | 57,699.7 | 161,645 |
| 11 | China General Technology Group | Beijing | 13,734.6 | 45,298 |
| 12 | China General Nuclear Power Group | Beijing | 20,990.4 | 26,497 |
| 13 | China Merchants Group | Shenzhen | 54,021.4 | 82,366 |
| 14 | COFCO Group | Beijing | 68,274.1 | 106,646 |
| 15 | China Communications Construction | Beijing | 130,664.1 | 220,519 |
| 16 | China Minmetals Corporation | Beijing | 131,800.4 | 193,965 |
| 17 | China Electronics Corporation | Beijing | 46,305.8 | 82,804 |
| 18 | AVIC | Beijing | 62,228.8 | 460,398 |
| 19 | China Aerospace Science and Technology | Beijing | 43,742.1 | 196,060 |
| 20 | China Southern Power Grid | Guangzhou | 38,239.3 | 94,719 |
List of Major Chinese Companies and Conglomerates
State Grid is China’s biggest company. It ranks as the third in revenue after Walmart and Saudi Aramco in the world. With 871,145 employees and 1.1 billion customers, it became the world’s largest utility company in 2023. Fortune and Forbes regularly list China’s biggest companies based on revenue, net profit, and assets. In 2022, Fortune’s Global 500 listed 145 Chinese companies. But in 2023, it dropped to 135 which marks the first time decline in 15 years.
We have curate the list of major Chinese companies and conglomerates in table below.