According to statistics from 21 Data News Lab, as of January 1, 2020, there were a total of 7,343 Chinese listed companies listed on 15 exchanges around the world including Shanghai, Shenzhen, Hong Kong, and New York, an increase of 382 compared to the beginning of 2019. (Delisted companies have not yet been eliminated). The total market capitalization totaled 105.71 trillion (RMB, the same below), an increase of more than 30% from 80.82 trillion a year ago.
A total of 19 companies in the petroleum and chemical industry have entered the list of the top 500 listed companies in China by market value.
Eight companies in the chemical industry have entered the top 500, namely: Wanhua Chemical, Formosa Plastics, Nanya Plastics, Taiwan Chemical, Baofeng Energy, Zhejiang Longsheng, Hengyi Petrochemical , Tianmao Group.
Eleven companies in the petroleum and petrochemical industry have entered the top 500, namely: PetroChina, Sinopec, and CNOOC , Formosa Petrochemical, Hengli Petrochemical, Rongsheng Petrochemical, COSL, Kunlun Energy, United Energy Group, Shanghai Petrochemical, Petrochemical Oilfield Services.
The strong will always be strong, and the head effect of Chinese listed companies has become increasingly obvious. The total market value of the top 500 companies is 71.82 trillion, not only contributing nearly 70% of the total market value, but the growth rate is also higher than the average level of listed companies. The threshold for the top 500 companies in terms of market capitalization reached a new high. Data shows that the entry threshold for this top 500 list is 32.684 billion yuan, an increase of 7.7 billion yuan compared with the previous year. The top three are still “old faces” Alibaba (BABA.N), Tencent Holdings (0700.HK), and Industrial and Commercial Bank of China (601398.SH), and their positions will be difficult to shake in the short term. In 2019, Alibaba officially “returned” to the Hong Kong Stock Exchange, with a total market value approaching 4 trillion, surpassing Tencent and taking the top spot in the Hong Kong stock market. Overall, the top 500 companies are still concentrated in finance (87 companies), information technology (49 companies), real estate (41 companies), pharmaceutical and biological (37 companies) and other industries.
</p
