Chinese bank again world's largest public company: Forbes

The Industrial and Commercial Bank of China (ICBC), the country's largest lender by market value, has again become the world's largest public company, according to the 2017 Global 2000 ranking released by Forbes on Wednesday.

The Industrial and Commercial Bank of China (ICBC), the country's largest lender by market value, has again become the world's largest public company, according to the 2017 Global 2000 ranking released by Forbes on Wednesday.[Photo:people.cn]

Companies from China and the US make up more than 40% of the list and continue to dominate the top 10 spots with financial giants, including major Chinese banks such as ICBC (#1), China Construction Bank (#2), Agricultural Bank of China (#6) and Bank of China (#8). The ICBC dominates the list with 151.4 billion USD in sales, 42 billion USD in profits, 3473.2 billion USD in assets and 229.8 billion USD in market value.

The Forbes Global 2000 ranking covers public companies from 58 countries and is based on a composite score that considers the companies' revenues, profits, assets and market value.