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The Top 20 Chinese Stocks by Market Cap
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It has been widely reported that Chinese stocks have underperformed in recent years, with both the Hang Seng Index and the SSE Composite Index down from their 2021 highs.
Despite this broader trend, some Chinese companies have appreciated significantly in price over the past year.
To learn more, we’ve visualized the market capitalizations of the 20 top Chinese stocks. In addition, the color scale in this graphic represents each company’s one-year price change in percentage terms. All figures are as of March 7, 2024.
| Company | Sector | Market Cap ($B) | 1-Yr Change (%) |
|---|---|---|---|
| Tencent | Technology | $328 | -22.5 |
| Kweichow Moutai | Food & Beverage | $294 | -4.9 |
| ICBC | Financial Services | $245 | -2.7 |
| PetroChina | Energy | $221 | 37.1 |
| Agricultural Bank of China | Financial Services | $203 | 15.2 |
| China Mobile | Technology | $190 | 8.8 |
| Alibaba | Technology | $181 | -16.6 |
| Bank of China | Financial Services | $167 | 4.4 |
| China Construction Bank | Financial Services | $159 | -3.8 |
| Pinduoduo | Technology | $156 | 25.9 |
| CNOOC | Energy | $110 | 42.9 |
| CM Bank | Financial Services | $109 | -11.1 |
| China Shenhua Energy |
Energy | $106 | 27.8 |
| Sinopec | Energy | $99 | -20.4 |
| CATL | Energy | $98 | -27.5 |
| Ping An Insurance | Financial Services | $98 | -34.9 |
| China Life Insurance | Financial Services | $93 | -31.2 |
| China Yangtze Power | Energy | $88 | 23.6 |
| Wuliangye Yibin | Food & Beverage | $75 | -30.6 |
| BYD | Conglomerate | $74 | -13.3 |
Tencent Holds the #1 Spot, Despite Ongoing Slump
China’s most valuable company, Tencent, is a technology conglomerate with operations in social media, gaming, music, and e-commerce. The firm’s share price peaked in early 2021, but has been in downward trend ever since (there was a brief rally during the tail end of 2022).
Another Chinese tech conglomerate, Alibaba, has fared even worse. Over a five-year period, its share price is down over 60%.
Energy Stocks on the Rise
Two stocks that have outperformed the index over this period are PetroChina (one of Asia’s largest oil and gas producers) and CNOOC (China National Offshore Oil Corporation).
In October 2023, PetroChina posted a record quarterly profit of $6.3B thanks to growing output and fuel sales.
See how China’s stock market stacks up against other countries in this ranking of global market capitalization.
The post Ranked: The 20 Top Chinese Stocks by Market Cap, and Performance YTD appeared first on Visual Capitalist.