China Announces Top 50 Listed CompaniesChina has just announced its top 50 listed companies for 1999, including Shanghai Petrochemicals, Changhong, Yizheng Chemical Fiber, and Pudong Development Bank.Sponsored by the Shanghai Stock Exchange and the magazine Listed Companies, the selection was made after considering the core business revenue, profits, assets and capitalization of the 966 listed companies on the Shanghai and Shenzhen stock exchanges. Statistics show the top 50 listed companies achieved a total of 254.4 billion yuan (about US$30.6 billion) in core business revenue in 1999, with profits, assets and capitalization reaching 21.3 billion yuan (about US$2.56 billion), 517. 6 billion yuan (about US$62.3 billion) and 634.9 billion yuan (about US$76.4 billion), respectively. These companies involve most major industries, such as automobiles, petrochemicals, telecommunications equipment, power, and home electrical appliances. Experts said analysis of the top 50 listed companies may reflect the situation of the Chinese stock market. |
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