State Grid Enters into the Top 100 Non-Financial Multinational Enterprises
The world's top 100 non-financial multinational enterprises (MNEs) of the year was released with the World Investment Report 2019 by the United Nations Conference on Trade and Development (UNCTAD) recently. State Grid ranks the 62nd therein, entering into such list for the first time. The list has been published continuously since 1992, ranked by foreign assets of companies in the previous fiscal year.
In 2019, the threshold of entering into the list was $41.2 billion, with an average trans-nationality index of 64.55%. The top 10 MNEs are Royal Dutch Shell, Toyota Motor, BP, Softbank, Total, Volkswagen, British American Tobacco, Chevron, Daimler, and Exxon Mobil. In terms of growth trends, the top 100 MNEs' foreign assets, revenues and employees have continually risen. In terms of industries, those enterprises are mainly in traditional sectors, such as automobiles (12 MNEs therein), pharmaceuticals (11), utilities (10), communications (7), oil and gas (7),basically consistent with the past three years. In terms of home economies, most of them are from developed countries,including19 from the United States, 14 from Britain, 13 from France, 11 from Germany, and 10 from Japan. Only 10 are from developing countries.
China's mainland companies in the top 100 MNEs include China COSCO Shipping Corp Ltd, China National Offshore Oil Corp (CNOOC), State Grid Corporation of China, China National Chemical Corporation (ChemChina), Tencent Holdings Limited, and China Minmetals Corp (CMC).
A total of seven power companies are in the list, namely, Enel SpA, Iberdrola SA, EDF SA, Engie, State Grid Corporation of China, RWE AG, and National Grid PLC.
Sources: Strategic Research Office, State Grid News