China's top 10 companies

Energy, power and banking lead the list of the nation's - and some of the world's - biggest companies.

1 of 10
1. Sinopec
2008 sales: $208 billion

China Petroleum & Chemical Corp., known more briefly as Sinopec, supplies 80% of China's fuel and is Asia's biggest oil refiner.

Lower oil prices earlier this year helped Sinopec, which has to buy its oil before converting it to fuel. It posted record earnings in the second quarter, and said relaxed government rules could help future earnings.

Since the 1950s, Chinese government regulations had prevented Sinopec and other refiners from raising fuel prices when oil spiked in an effort to combat inflation. But new rules put in place in January call for a market-based system to determine pricing.

NEXT: China National Petroleum
Last updated October 21 2009: 11:01 AM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all RSS FEEDS (close)
More Galleries
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More
10 best convertibles now that spring has sprung It's finally time to put the top down. Here are our 10 favorite rides for the warmer months to come. More
10 best founding teams The most effective co-founders pair vision with fortitude to launch a business. Here are some of the best examples through the years. More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.