FX.co ★ China’s top 10 highly-profitable companies

Industrial and Commercial Bank of China (ICBC)

ICBC is the key commercial bank among the four biggest state-owned banks in the country (alongside with the Bank of China, the Agricultural Bank of China and China Construction Bank). The majority stake is owned by the Chinese authorities. The bank controls the fifth part of the banking sector in the Middle Kingdom. It deals with clearing operations in yuans in seven countries: Singapore, Luxembourg, Qatar, Thailand, Canada, Argentina and Russia. The foreign ICBC network includes 419 organizations in 45 countries.

Bank of China

The largest Chinese financial group was created on the basis of the oldest bank in the country. The main activity of the Bank of China is commercial banking. It accounts for 90% of the operating profit. The key region is mainland China. The foreign financial group consists of 545 branches in 53 countries.

China Construction Bank

The China Construction Bank network includes 14 952 departments in mainland China and 10 foreign divisions.

The holding contains several subsidiary banks, such as CCB Principal Asset Management (asset management services), CCB Financial Leasing (lending), CCB Life (insurance), Sino-German Bausparkasse (China-German construction group), CCB Asia (Asia), CCB London (UK subsidiary), CCB Russia (Russian subsidiary), CCB Dubai (Dubai subsidiary) and CCB International.

Agricultural Bank of China

The Agricultural Bank of China is one of the largest banks in China and in the world. It consists of 23 600 divisions and 19 700 front-offices. Eight departments and two bank representations operate outside mainland China. The financial institution consists of 14 subsidiary units. Six of them are located abroad, including Russia.

China Mobile Limited

China Mobile Limited is the leading telecommunications company in the PRC. It is one of the world’s largest mobile phone operators with over 899 million subscribers. China Mobile holding provides mobile services in all parts of the Middle Kingdom and the Hong Kong Special Administrative Region. The company is controlled by the Ministry of Industry and Information Technology of the Chinese government.

Ping An Insurance

Ping An Insurance is considered one of the highly-profitable companies. Its activity is concentrated in life and property insurance, banking and asset management. Apart from China, there are Ping An Insurance representative offices in other countries, in particular in the USA.

China Merchants Bank

This leading Chinese bank is a part of the China Merchants Group conglomerate, established in 1987. It is one of the first private financial institutions. The China Merchants Bank ranks fifth in the country by the size of assets. It has more than 500 foreign representations.

Tencent

Tencent is a Chinese investment holding conglomerate founded in 1998. Tencent Holding is among the top world's largest investment companies. The corporation is considered one of the largest venture organizations. Tencent subsidiaries specialize in various high-tech areas of business, including internet services, artificial intelligence and e-entertainment.

Bank of Communications

The Bank of Communications is the 5th in China and the 22nd in the world by the size of assets. It has 3 450 divisions in mainland China and a number of representations in European and Asian cities. The Bank of Communications produces payment cards. In 2018, the amount of registered credit cards exceeded 70 mln. The bank also provides asset management services.

Alibaba

Alibaba is named as one of the world's most admired companies by Fortune. The corporation is among the greatest profitable businesses in the Middle Kingdom. It specializes in e-commerce which reaches out financial public of the whole world. Alibaba’s key focus is on B2B and online retailing.