Paul Miesing, “A Peek Behind the Bamboo Curtain
of China Businesses”
Diverse Types of Businesses (Cont’d.)
•Top Ten Global Chinese Firms (2007)
0.3
0.7
0.0
0.0
0.3
0.4
0.0
0.7
0.6
1.2
Asset Turn
5.7%
3%
9%
40.2
71.4
2.3
24.8
275
China Telecomm
7.5%
3%
4%
14.2
37.8
1.1
28.0
237
China Southern Power Grid
13.7%
1%
20%
42.3
698.1
5.8
28.5
230
China Construction Bank
11.0%
1%
17%
49.1
682.6
5.4
30.8
215
Bank of China
15.6%
0%
1%
1.1
116.8
0.2
33.7
192
China Life Insurance
12.1%
8%
17%
51.7
81.4
6.3
35.9
180
China Mobile Communications
10.3%
1%
17%
59.8
962.0
6.2
36.8
170
Indust & Comm Bank
3.8%
1%
2%
59.5
155.4
2.2
107.2
29
State Grid
11.8%
7%
12%
112.2
178.9
13.3
110.5
24
PetroChina
9.6%
3%
3%
38.6
110.7
3.7
131.6
17
Sinopec
ROE
ROA
Profit Margin
Stock-holder Equity ($ bill)
Assets ($ bill)
Profits ($ bill)
Sales
($ bill)
Global Rank
Company
X
=
Source: Fortune 2007 “Global 500”