my country currently does not have a company with a market value exceeding one trillion U.S. dollars. Let’s first look at the companies listed on A shares . The top ten companies with the latest market value are as follows (as of November 14, 2019):
Industrial and Commercial Bank of China 20493 billion, China Construction Bank Bank of China 21790.1 billion, Ping An of China 1609.2 billion, Kweichow Moutai 1545.1 billion, Agricultural Bank of China 1245.9 billion, Bank of China 21065.7 billion, PetroChina 21024.9 billion, China Life 967.2 billion, China Merchants Bank 2926.5 billion, Sinopec 587.1 billion.
Looking at the Industrial and Commercial Bank of China with the highest market value, the total market value is 2.0493 billion yuan. Calculated based on the latest exchange rate of 7.02, it is only 291.9 billion US dollars.
Let’s look at the companies listed in Hong Kong. Among the companies listed on the Hong Kong Stock Exchange, the one with the highest market value is Tencent Holdings , with a market value of HK$3,054.8 billion, which is less than US$1 trillion.
Next, among the Chinese concept stock companies listed in the United States, Alibaba has the highest market value. The latest market value is US$475.1 billion, which has not even reached half of a trillion US dollars.
Therefore, there are currently no companies in my country with a market value of one trillion US dollars. However, in the past, there was indeed a company in my country with a stock market value of more than 1 trillion US dollars. This company was PetroChina . PetroChina was listed on the A-share market in 2007. At that time, it was called "Asia's most profitable company" by the market. The issue price was 16.7 yuan. On the first day of listing, it was speculated to 48.62 yuan, with a market value of more than 8 trillion yuan, calculated based on the exchange rate at that time. It has also exceeded US$1 trillion, becoming the company with the highest market capitalization in the world.
It's a pity that PetroChina's 's stock price is just a flash in the pan. It has fallen all the way since it reached a maximum of 48.62 yuan on the first day of listing. All investors who bought it were trapped. The latest stock price has dropped to 5.56 yuan.
There are currently only two companies in the world with a market value exceeding one trillion US dollars. One is Apple, with a latest market value of US$1,175.1 billion, and the other is Microsoft Corporation, , with a latest market value of US$1,123.8 billion. Both companies are American companies, and both are technology companies. They also show changes in the global economic structure. Global large-capitalization companies have transformed from traditional industries in the past to technology industry companies.
Which companies in our country will have a stock market value of one trillion in the future? This future seems a bit long. If the time is long enough, many companies can reach one trillion. But if the time is set to be relatively short, such as the next five to ten years, only Alibaba and Tencent have this potential because they belong to the Internet industry and are growing faster. If time is extended, I believe there will be many outstanding technology companies in China with a market value of trillions of dollars in the future.
As for banks, although the market capitalization of several major banks is now very large, the growth of the banking industry is relatively slow. If the market capitalization reaches trillions in the future, it will take a long, long time.
