The China 100
A surge of IPOs and 10 percent GDP growth lifted 16 newcomers onto the list of China's largest companies this year.

(Fortune Magazine) -- Not on last year's list.

All dollar values were converted using the Dec. 31, 2005, exchange rate of 8.07338 yuan per U.S. dollar.

Market value is based on all shares outstanding, including those held by the government.

No. 6 China Construction Bank raised $9.2 billion in its October 2005 IPO. The state-owned bank has more than 14,000 branches, including this one in Jinan in Shandong province.

No. 21 Dongfeng Motor Group--the name means "east wind"--makes cars for Nissan and domestic commercial trucks like the one advertised in this poster.

No. 25 A container ship owned by China COSCO Holdings sails up the Huangpu River in Shanghai. The shipping company, new to the list this year, earned $675 million in profits on $4.9 billion in revenues last year.

No. 88 Cartons of milk move along a conveyor belt at an Inner Mongolia Yili Industrial Group plant in western China. Yili's ice cream and milk brands dominate the Chinese market and drove much of the dairy company's $1.5 billion in sales last year.

The China 100 was compiled by the editors of Fortune China in cooperation with the Finet Group, a Hong Kong - listed company specializing in providing business information about China, and was first published in Fortune China. In compiling the list, Fortune China looked at companies listed on the stock exchanges in Shenzhen, Shanghai, Hong Kong, Singapore, London, and New York City. The companies are ranked by 2005 revenues. Figures were provided by the companies to the relevant stock exchanges and obtained from Bloomberg.  Top of page