21 GBA companies enter the 2020 Fortune Global 500 List

On August 10th, the 2020 Fortune Global 500 List was released listing a total of 21 companies from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), that is one more than last year.

These GBA companies contain eight based in Shenzhen, seven in Hong Kong, three in Guangzhou, two in Foshan and one in Zhuhai, covering a number of sectors such as finance, energy and technology.

This year's Fortune Global 500 companies’ operating income reached 33 trillion USD, a record high, close to the combined GDP of China and the United States.

Among them, Wal-Mart became the world's largest company for the seventh consecutive year; Sinopec still ranked second; State Grid rose to third; PetroChina ranked fourth; Shell Oil fell to fifth.

It is worth noting that the number of companies in mainland China (including Hong Kong) reached 124 this year, surpassing the United States (121) for the first time in history. When adding the Taiwanese companies, a total of 133 companies from China are on the list.