On July 25, the 2023 Fortune China 500 list was released, with five Xiamen-based companies making the cut. These include C&D Inc. (22nd), Xiamen ITG Group Corp., Ltd. (30th), XMXYG Co., Ltd. (43rd), Xiamen Tungsten Co., Ltd. (311th), and Chengtun Mining Group Co., Ltd. (473rd). Reportedly, the total business income of the 500 listed Chinese companies in 2022 reached USD 15 trillion, with a net profit of USD 717.1 billion. The companies cover fields such as electronics and electronic components, internet and communications, home appliances, automobiles, financial investment, banking and insurance, biomedicine, and infrastructure.
