Oh fricken terrific. The S&P 500 has gone up about 36% since the start of 2021. The Shanghai Composite Index? They're down 11%. (I know the red ink is badass)
Why. Because those guys are a bunch of evil bastards who give us the China Flue and god is visiting them with a series of plagues. Their evil leader is Xi Jinping who goes my the moniker of Ming the Merciless.
The 20 Top Chinese Stocks by Market Cap, and Performance YTD
March 18, 2024
By Marcus Lu, Visual Capitalist
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It has been widely reported that Chinese stocks have underperformed in recent years, with both the Hang Seng Index and the SSE Composite Index down from their 2021 highs.
Despite this broader trend, some Chinese companies have appreciated significantly in price over the past year.
To learn more, we’ve visualized the market capitalizations of the 20 top Chinese stocks. In addition, the color scale in this graphic represents each company’s one-year price change in percentage terms. All figures are as of March 7, 2024.
Tencent Holds the #1 Spot, Despite Ongoing Slump
China’s most valuable company, Tencent, is a technology conglomerate with operations in social media, gaming, music, and e-commerce. The firm’s share price peaked in early 2021, but has been in downward trend ever since (there was a brief rally during the tail end of 2022).
Another Chinese tech conglomerate, Alibaba, has fared even worse. Over a five-year period, its share price is down over 60%.
Energy Stocks on the Rise
Two stocks that have outperformed the index over this period are PetroChina (one of Asia’s largest oil and gas producers) and CNOOC (China National Offshore Oil Corporation).
In October 2023, PetroChina posted a record quarterly profit of $6.3B thanks to growing output and fuel sales.
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