We'll All Be Shaken by Great Fall of China ; City Comment

Summary

---

IT IS a sobering thought that US oil giant Exxon Mobil is no longer the world's largest company, but has been toppled from the top spot by PetroChina. Although it is still 85%-owned by the state, PetroChina has just floated on the Shanghai Stock Exchange and a couple of others. The shares, which were overpriced to start with, promptly doubled.

As a result, it is now the world's largest company by market capitalisation.

See the full content of this document

Extract

---

We'll All Be Shaken by Great Fall of China ; City Comment

But it is by no means alone on these lofty peaks. By the same yardstick of market capitalisation, China can also boast the world's largest insurance company, the world's biggest bank and the world's largest airline. Ind...

See the full content of this document

---