Asia's seven largest companies
The list is dominated by the awesome economic might of China and its ‘big four’ banks.
7) Samsung Electronics – South Korea
Revenue (2015) - 200.650 trillion South Korean Won
South Korea’s Samsung Electronics is, after the USA’s Apple Inc, the largest information technology company in the wold by revenue. The company has a presence in over 80 countries and employs over a third of a million people. Having grown into a successful producer of batteries, semiconductors, and hard drive devices, the company has branched out to produce a variety of mobile devices.
6) Toyota Motors – Japan
Revenue (2015) - 27.234 trillion Japanese Yen
Toyota Motors is one of the world’s largest companies and has also been recognised several times for being the world’s largest automobile manufacturers; it is the largest listed company in Japan. Since 2013, its chairman has been Takeshi Uchiyamada.
5) PetroChina – China
Revenue (2014) - 2.282 trillion Chinese Renminbi
PetroChina is part of the state-owned China National Petroleum Corporation and is China’s largest oil producer. Due to its state-ownership, the company practically has a monopoly on Chinese oil and gas which has led it to grow into one of the most profitable businesses in Asia today.
4) Bank of China – China
Another monolith of the Chinese state, Bank of China is one of the world’s largest lenders. It has a history spanning back to 1912 and now has a range of operations in almost 30 countries outside of China. In 2010 it became one of the first major Chinese banks to offer renminbi products to Westerners via its New York office.
3) Agricultural Bank of China – China
Revenue (2011) - 77.73 billion Chinese Renminbi
One of China’s ‘big four’ banks, the Agricultural Bank of China was the world’s largest Initial Public Offering (IPO) when it initially went public. Far from just an agricultural lender, the bank has nearly 3 million retail customers spread across the world.
2) China Construction Bank – China
Revenue (2011) - 397.09 billion Chinese Renminbi
Last year, Forbes rated China Construction bank as the 2nd most powerful and valuable company in the world and for good reason. It was listed on the Hong Kong Stock Exchange with its share price increasing in value by 50 percent since then. It has also invested 5 billion renminbi in a new venture known as the China Healthcare Investment Fund in order to take advantage of the country’s rapidly growing healthcare market.
1) ICBC – China
Revenue (2011) - 475.21 billion Chinese Renminbi
Industrial and Commercial Bank of China is the world’s largest bank in terms of its total assets and the extent of its market capitalisation. Alongside its boundless size, ICBC was the first Chinese-based bank to adopt the Equator Principles in 2008 which ensures that it is in conformity with international social and environmental standards.
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