Global 2000: China Ranks Thin On Real Estate Glut, Stock Slide [Forbes]
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CHINA CONSTR BK UNSP/ADR (CICHY)
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Source: Forbes
China, including Hong Kong, occupies 324 spots in the 2024 Forbes Global 2000 ranking of the world's top publicly traded companies unveiled Thursday. That's the second consecutive decline from a record 351 members from the country in 2022; China had 346 spots a year ago. As was the case last year, China has the second largest number of companies on the list following the United States, which has 621 members. Falling stock prices and a real estate glut contributed to the fall in the number of Chinese listees this year. Forbes ' Global 2000 list assigns equal weight to 12-month sales, assets, profit and market value of publicly traded companies, using the most recent financial data available as of May 17. Big state-controlled banks led the way for China again this year, winning three of the top 10 spots on the list. The highest-ranking Chinese company, the Industrial and Commercial Bank of China, came in at No. 4, slipping one spot from No. 3 last year and No. 2 in 2022. Prior to
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