With the end of 2023, the latest list of the top 500 Chinese companies by market capitalization has also been released. Affected by geopolitics and the global economic downturn, the list has undergone significant changes. TSMC surpassed Tencent Holdings to rank first, with a total of 76 new faces in the top 500. Specifically, what industries are these "star enterprises" concentrated in? Where are they located? Top 500 Chinese Listed Companies by Market Value in 2023 According to the latest 21 Data News Lab statistics, as of December 31, 2023, in the latest list of the top 500 Chinese companies by market capitalization, TSMC ranked first with 3,820.1 billion yuan, and Moutai ranked third with 2,168.2 billion yuan. The number of trillion-dollar companies has increased to 11, the number of top 20 seats has changed significantly, and 8 of the 76 new companies on the list will be newly listed in 2023.
Among the top 20, the Internet giants include Tencent (second), Alibaba (fifth), and Pinduoduo (sixth); New energy has CATL (12th) and BYD (20th). 
China's top 500 companies are still concentrated in big finance (77), electronics (57), medicine and biology (42), information technology (41), etc., and there are 22 automobiles. 
The number of electronics companies in the top 500 increased significantly by 13, and 42 had varying degrees of market capitalization**, accounting for 74%. Industry leader TSMC (2330.)TW) market capitalization soared 11 trillion yuan, driving the industrial chain stock Shixin-KY (3661.TW), Wistron (3231.)TW), GUC (3443TW), Gigabyte (2376TW) market capitalization doubled, with an increase of %. Affected by factors such as the performance of the third quarter report being lower than market expectations, the domestic chip leader Ziguang Guowei (002049SZ) market capitalization** nearly 49%. 
According to the CITIC ** research report, the revenue of the electronics sector in 2024 is expected to benefit from the low base effect and achieve year-on-year growth, and AI technology and product innovation resonance, independent research and development companies are expected to perform outstandingly. Automobile is a strategic and pillar industry of the national economy, and one of the important areas to stimulate domestic demand and expand consumption. In the hottest land of China's new energy vehicle development, the rapid development of new energy vehicle related fields can also be seen in the latest list. 
BYD (002594.)SZ) market capitalization leads the sub-list of the automotive industry with an absolute advantage, ranking in the TOP20 in the overall list; Li Auto (2015.)HK), Cialis (601127SH) market capitalization increased by more than 90%, jumping 72 and 187 places respectively. According to the "2024 China Auto Market Overall Report" released by the China Association of China, it is expected that the sales volume of new energy vehicles in China will be about 11.5 million in 2024, and the export volume will be about 5.5 million. With the gradual recovery of China's economy, it is expected that the demand for automobiles will continue to maintain steady growth, and the Chinese auto market will enter a new stage of 30 million units in the future. According to CICC's research report, China's electric vehicle technology has competitive advantages, strong product strength, and the trend of export acceleration remains unchanged. With the accumulation of scale and technological advantages, it is optimistic that Chinese automobiles will accelerate to the world, and the next few years will still be a stage of rapid development of overseas sales. The head effect of the latest top 500 companies by market capitalization is obviousCompanies headquartered in 7 cities, including Beijing (107), Shanghai (53), Hong Kong (43), Taipei (35), Shenzhen (30), Hangzhou (19) and Guangzhou (11), accounted for nearly 60%; 255 companies came from Beijing, Guangdong, Shanghai and Zhejiang provinces, accounting for 51%, and the scale effect of industrial innovation was prominent. Anhui has 10 companies in the top 500, ranking ninth. As the first headquarters of central enterprises, Beijing has 107 top 500 listed companies, with a total market value of more than 21 trillion yuan, about 29% of all top 500 companies, gathering a large number of industrial giants such as banks, petroleum and petrochemicals, Internet companies, and half of the top 10 companies are headquartered in Beijing. 
