There are currently no companies in my country with a market value exceeding one trillion US dollars. Let’s first look at the companies listed on A-share . The latest market value of the top ten companies are as follows (as of November 14, 2019):
ICBC 20493 billion, Construction Bank 17901 billion, Ping An of China 16092 billion, Kweichow Moutai 15451 billion, Agricultural Bank of China 12459 billion, Bank of China 210657 billion, China Petroleum 10249 billion, China Life 967.2 billion, China Merchants Bank 926.5 billion, and Sinopec 587.1 billion.
In terms of Industrial and Commercial Bank of China, which has the highest market value, the total market value is 2049.3 billion yuan, which is only 291.9 billion US dollars based on the latest exchange rate of 7.02.
Let’s look at companies listed in Hong Kong. Among the companies listed on the Hong Kong Stock Exchange, the highest market value is Tencent Holdings , with a market value of HK$3054.8 billion, which is less than US$1 trillion.
Then look at among the Chinese companies listed in the United States, Alibaba has the highest market value, with the latest market value of US$475.1 billion, which has not even reached half of the trillion US dollars.
So, at present, there is no company with a market value of trillion US dollars in my country. However, in the past, there was indeed a company in my country whose stock market value exceeded 1 trillion US dollars, and this company is China Petroleum . China Petroleum was listed on the A-share market in 2007. It was called the "most profitable company in Asia" by the market at that time. The issue price was 16.7 yuan. It was hyped up to 48.62 yuan on the first day of listing, with a market value of more than 8 trillion yuan. According to the exchange rate at that time, it also exceeded 1 trillion US dollars, becoming the company with the highest market value in the world.
It’s a pity that The stock price of China Petroleum was just a flash in the pan. It has fallen since it rose to 48.62 yuan on the first day of listing. All investors who bought it were trapped, and the latest stock price has fallen to 5.56 yuan.
Currently, there are only two companies with a market value of more than one trillion US dollars in the world. One is Apple, with a latest market value of US$1175.1 billion, and the other is Microsoft company , with a latest market value of US$1123.8 billion. Both companies are American companies and are both technology companies, which also show changes in the global economic structure. Global large-cap companies have transformed from traditional industries in the past to technology industry companies.
Which companies in my country will have a stock market value of trillions in the future? This future seems a bit long. If the time is long enough, many companies can have a trillions. However, if the time is set relatively short, for example, in the next five to ten years, only Alibaba and Tencent have this potential, because they belong to the Internet industry and grow faster. If we extend the time, I believe that in the future, there will be many excellent technology companies in China with market value of trillions of dollars.
Like banks, although the market value of several major banks is also very large, the banking industry is growing relatively slowly. If the market value exceeds trillions in the future, it will take a long time.
