Chinese Too Big To Fail

Kweichow Moutai

Market Cap: CN¥1.8t

Produces and sells liquor products in China and internationally.

China Merchants Bank

Market Cap: CN¥1.0t

Provides various banking products and services.

Midea Group

Market Cap: CN¥558.9b

Manufactures and sells home appliances, and robotic and automation systems in China and internationally.

China CITIC Bank

Market Cap: CN¥442.3b

Provides various banking products and services in the People’s Republic of China and internationally.

Wuliangye YibinLtd

Market Cap: CN¥398.4b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Industrial Bank

Market Cap: CN¥395.7b

Provides banking products and services in the People’s Republic of China.

Hangzhou Hikvision Digital Technology

Market Cap: CN¥278.2b

Hangzhou Hikvision Digital Technology Co., Ltd.

Shaanxi Coal Industry

Market Cap: CN¥253.2b

Shaanxi Coal Industry Company Limited, together with its subsidiaries, mines, produces, washes, processes, and sells coal in China and internationally.

NARI Technology

Market Cap: CN¥217.3b

Provides power intelligence solutions in China and internationally.

Ping An Bank

Market Cap: CN¥213.9b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Gree Electric Appliances of Zhuhai

Market Cap: CN¥209.8b

Engages in the production and sale of air-conditioners, home appliances, and accessories in China.

Haier Smart Home

Market Cap: CN¥196.6b

Engages in the research, development, production, and sales of smart home appliances.

China Everbright Bank

Market Cap: CN¥188.1b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Sany Heavy IndustryLtd

Market Cap: CN¥175.0b

Engages in the research and development, manufacture, and sale of construction machinery in China and internationally.

China Minsheng Banking

Market Cap: CN¥164.3b

Provides banking products and services in the People's Republic of China.

Luzhou LaojiaoLtd

Market Cap: CN¥152.8b

Produces and sells alcoholic products in China and internationally.

China United Network Communications

Market Cap: CN¥140.4b

Provides telecommunication services in the People’s Republic of China.

Baoshan Iron & Steel

Market Cap: CN¥139.2b

Manufactures and sells steel products for automobile, home appliance, petrochemical, machinery manufacturing, energy, transportation, and other industries in China and internationally.

Bank of Nanjing

Market Cap: CN¥138.5b

Provides various financial products and services in China.

Bank of Beijing

Market Cap: CN¥115.0b

Provides various banking services to individuals and corporates in China.

Hua Xia Bank

Market Cap: CN¥113.6b

Provides commercial banking services in China and Hong Kong.

Wens Foodstuff Group

Market Cap: CN¥112.5b

Operates as an agricultural and animal husbandry company in China.

Zhangzhou Pientzehuang Pharmaceutical

Market Cap: CN¥92.3b

Manufactures and distributes pharmaceuticals and cosmetics in China and internationally.

Zhejiang Zheneng Electric Power

Market Cap: CN¥76.6b

Zhejiang Zheneng Electric Power Co., Ltd.

Tsingtao Brewery

Market Cap: CN¥72.7b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Zhejiang China Commodities City Group

Market Cap: CN¥72.3b

Through its subsidiaries, develops, manages, and operates an online trading platform service in China.

Yutong BusLtd

Market Cap: CN¥71.2b

Manufactures and sells buses and coaches in China and internationally.

Jonhon Optronic Technology

Market Cap: CN¥70.3b

Engages in the research and development of optical, electrical, and liquid connection technologies and equipment in China and internationally.

ENN Natural GasLtd

Market Cap: CN¥68.7b

Engages in natural gas distribution, trading, storage, transportation, production, and engineering in China.

Shandong Nanshan AluminiumLtd

Market Cap: CN¥67.3b

Shandong Nanshan Aluminium Co.,Ltd. is involved in the aluminum processing activity worldwide.

Huadong Medicine

Market Cap: CN¥62.1b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

HUAYU Automotive Systems

Market Cap: CN¥57.0b

Researches and develops, manufactures, and sells automotive parts worldwide.

Shanghai Pharmaceuticals Holding

Market Cap: CN¥55.9b

Shanghai Pharmaceuticals Holding Co., Ltd.

Zhejiang Dahua Technology

Market Cap: CN¥54.7b

Provides video-centric AIoT solutions and services.

China Resources Sanjiu Medical & Pharmaceutical

Market Cap: CN¥46.5b

China Resources Sanjiu Medical & Pharmaceutical Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥42.5b

Manufactures and sells building materials in China.