Five Chinese companies are now in global top ten companies by market capitalization. Chinese stocks have almost tripled in past ten months of year 2007. It is currently trading at P/E ratio of more than 50. PetroChina, which recently has raised $9 billion in the world's biggest initial public offer (ipo) , is all set to become the world leader in market capitalization after it opens for trading in secondary market. Currently PetroChina is ranked second only to Exxon Mobil Corp.
The top 10 companies in world by market capitalization are:
| Rank | Company | Country | Approx. Market Cap ($) |
| 1 | Exxon Mobil Corp. | US | 485 |
| 2 | PetroChina | China | 450 |
| 3 | General Electric Co. | US | 411 |
| 4 | China Mobile | China | 393 |
| 5 | ICBC* | China | 330 |
| 6 | Microsoft Corp. | US | 327 |
| 7 | Gazprom | Russia | 290 |
| 8 | Royal Dutch Shell | Netherlands | 277 |
| 9 | Sinopec** | China | 276 |
| 10 | China Life Insurance | China | 260 |
*ICBC - Industrial and Commercial Bank of China.
**Sinopec is also known as China Petroleum and Chemical Corporation
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