PetroChina tops world top 500

The Financial Times yesterday morning issued the ranking of the world's top 500 companies, PetroChina for the first time overtook the United States Exxon Oil company, the world's largest market capitalisation, the top 10 Chinese companies have three.　　This is the FT's 14th annual ranking of the world's top 500, and it is the first time Chinese companies have been on the top of the list. As of March 31 this year, PetroChina's current market capitalisation reached $329.3 billion trillion, a more than 13 billion dollar higher than the second Exxon, according to a report from the FT Research institute.　　Microsoft ranked third, and industrial and Commercial Bank of China followed the 246.4 billion dollar market capitalisation.　　This Friday, PetroChina's shares closed at 10.96 yuan per share, slightly up 0.37%. 21 Mainland listed enterprises into the 500 strong 500 list of a total of 21 companies listed in mainland China, all large state-owned or state-controlled enterprises, the industry covers finance, chemical industry, construction, transportation and so on. The total number of Chinese companies listed this year (including Hong Kong, Macao) is 45, slightly below last year's 47. The number of companies listed on the mainland is also less than 27 last year.　　The enterprise including Shanghai Electric, Datang International power generation, purple gold industry, such as the rookie on the list last year.　　The top 10 companies, with the exception of the Australian mining giant BHP Billiton, are all dominated by Chinese and American companies, while US companies occupy six of them. Notably, Microsoft is ranked first among IT companies, but on 28th this month Apple's total market capitalisation overtook Microsoft, whose position as the world's it boss had to be ceded for years.　　The report said the 2010 version of the 500 companies had a total market capitalisation of 23.5 trillion dollars, up more than half in 2009, and such a big increase for almost 10 years. Shortlisted companies require at least 15% per cent of their shares to circulate in the market, ranked by the company's total market capitalisation on their listed exchanges, and unlisted shares are not counted. (Xinhua) Experts Point of view: PetroChina stained with China's economic environment of Light Dong Xiucheng, vice dean of the School of Business Administration, China Petroleum University, told reporters that PetroChina's summit, in fact, is stained with the light of China's economic environment, Europe and the United States are the hardest hit by the financial crisis, the stock market generally fell a lot, so Exxon Mobil, Shell and other companies have been dragged down the market value,　　While China withstood the impact, PetroChina took the opportunity to overtake its rivals. Dong Xiucheng says it is not enough to measure corporate power by market capitalisation, which in some ways reflects the strength of a firm.