Top 500 Chinese Enterprises

Of the top 500 Chinese enterprises in 2003, 112 entered the list for the first time. Data show that the threshold for the top 500 Chinese enterprises in 2003 was much higher than in 2002, with the 500th enterprise having 2.5 billion yuan in business revenue, 500 million yuan more than in the previous year. Of the top 500, there were 69 private enterprises and 53 enterprises invested by foreigners and people from Hong Kong, Macao and Taiwan. Assets of the private enterprises totaled 602.2 billion yuan, accounting for 2.2 percent of the total assets of the top 500.

The top 500 Chinese enterprises have become more competitive in the international market. Of them, 12 are up to standards of the world top 500. The FAW Group, which represents manufacturing competence of China, edged into the world top 500 for the first time.
 
Top 20 Chinese Enterprises, 2003
Ranking Enterprise Business Revenue (10,000 yuan)
1     China National Petroleum Corp. (CNPC) 37,920,000  
2     China Petrochemical Corp. (Sinopec) 37,800,401  
3     China Mobile Communications Corp. 16,373,212  
4     Industrial and Commercial Bank of China 16,162,400  
5     China National Chemicals Import & Export Corp. 15,528,748  
6     China Telecom 14,907,739  
7     China FAW Group 12,724,170
8     China Life Insurance Co. 12,691,380  
9     Bank of China 12,618,400  
10     China Construction Bank 11,205,600  
11     China National Cereals, Oils & Foodstuffs Import & Export Corp. 10,971,000  
12     Agricultural Bank of China 9,645,600  
13     Shanghai Baosteel Group Corp. 7,772,773  
14     Guangdong Guangdian Power Grid Group Co., Ltd. 7,694,619  
15     Shanghai Automotive Industrial (Group) Corp. 7,119,620  
16     Hai'er Group 7,105,282  
17     China Network Communications Group Corp. 6,603,086
18     China State Construction Engineering Corp. 6,383,166  
19     Ping An Insurance (Group) Company of China 6,202,667  
20     China Putian Corp. 6,022,793