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Elite company: the listed firms that were China’s most valuable before CXMT

Elite company: the listed firms that were China’s most valuable before CXMT
South China Morning Post Friday 31 July 2026, 03:00 UTC By Judy Xue 1 min read
Key Points

Elite company: the listed firms that were China’s most valuable before CXMT Chipmaker’s ascent to highest market capitalisation ends two decades on top for energy conglomerates, lenders and consumer brands The state-backed maker of memory chips saw its market capitalisation surpass 4 trillion yuan (US$592 billion) on Friday amid a broader chip stock surge. It first ascended to the top of the list on Monday, ending its first trading day with a value of 3.28 trillion yuan after hitting 3.68...

Elite company: the listed firms that were China’s most valuable before CXMT Chipmaker’s ascent to highest market capitalisation ends two decades on top for energy conglomerates, lenders and consumer brands The state-backed maker of memory chips saw its market capitalisation surpass 4 trillion yuan (US$592 billion) on Friday amid a broader chip stock surge. It first ascended to the top of the list on Monday, ending its first trading day with a value of 3.28 trillion yuan after hitting 3.68 trillion yuan amid unprecedented turnover during the day. CXMT’s top ranking ends two decades of market-cap dominance by state-owned energy conglomerates, lenders and traditional consumer brands on China’s onshore stock market. Below are some of the defining corporate giants that have held the top spot among mainland-listed, yuan-denominated stocks, also known as A shares. Industrial and Commercial Bank of China The state-controlled commercial lender had the largest onshore market capitalisation in 2006, from 2015 to 2019, and again in 2024.
China (LOCATION) CXMT Elite (ORG) CXMT Chipmaker’s (ORG) CXMT (ORG) Industrial and Commercial Bank of China (ORG)
Originally published by South China Morning Post Read original →

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