Friday, March 23, 2007

Chinese shares

The Shanghai Stock Exchange issues the SSE 180 index, the five largest companies are (market capitalization in yuan):
  1. Industrial and Commercial Bank of China (1,397.86 billion)
  2. China Life Insurance (904.78 billion)
  3. Bank of China (887.31 billion)
  4. Sinopec (692.22 billion)
  5. China Merchants Bank (201.09 billion)
We see that the five largest listed companies are three banks, one insurer, and one oil company. ICBC is the second largest bank in the world after Citibank.

1 Chinese yuan = 0.129274126 U.S. dollars

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