China
East Asia · Beijing · CNY (Chinese Yuan Renminbi)
经济与产业概览
China is the world's second-largest economy by nominal GDP and the largest by purchasing-power parity, with a diversified industrial base spanning manufacturing, technology, finance, energy, and consumer goods. The economy recorded official real GDP growth of 5.0% in 2024, driven by strong export performance, industrial output, and infrastructure investment, though persistent deflationary pressures and a prolonged property-sector downturn weighed on domestic demand. China is the world's largest exporter and a dominant producer of electronics, machinery, steel, chemicals, electric vehicles, and renewable energy equipment. Financial markets are centred on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE), with a combined domestic market capitalisation exceeding $11.7 trillion in 2024. The government continues to pursue a strategy of transitioning from investment- and export-led growth toward higher-value-added manufacturing and domestic consumption.
主要行业
📘 全面了解China →宏观
| GDP 名义, 美元 | $18.74T |
| GDP增速 实际, 年度 | 5.0% |
| 通胀率 年度 | 0.2% |
| 人口 人口 | 1.41B |
| 人均GDP 美元 | $13,122 |
| 市值 上市总额, 美元 | $11.76T |
| 市值/GDP | 62.7% |
| 失业率 | 5.1% |
| 上市公司数量 | 5,462 |
| 交易所 | Shanghai Stock Exchange (SSE) |
数据年份: 2024. 数据来源: World Bank – World Development Indicators, IMF World Economic Outlook (April 2026), China National Bureau of Statistics (NBS), Trading Economics, FocusEconomics, Macrotrends, TheGlobalEconomy.com, CEIC Data, Wikipedia – List of countries by stock market capitalisation, US-China Business Council.
最新消息
East Asia其他市场
最大上市公司
主要本地交易所按市值排名最大的公司。
| # | 公司 | 行业 | 市值美元 | 美国上市 |
|---|---|---|---|---|
| 1 | Kweichow Moutai Co., Ltd.600519.SS · SSE | Consumer Staples (Baijiu / Spirits) | $290.00B | — |
| 2 | Industrial and Commercial Bank of China (ICBC)601398.SS · SSE | Banking & Financial Services | $260.00B | — |
| 3 | China Construction Bank Corporation601939.SS · SSE | Banking & Financial Services | $235.00B | — |
| 4 | Agricultural Bank of China601288.SS · SSE | Banking & Financial Services | $200.00B | — |
| 5 | Bank of China Limited601988.SS · SSE | Banking & Financial Services | $190.00B | — |
| 6 | PetroChina Company Limited601857.SS · SSE | Energy (Oil & Gas) | $180.00B | PTR |
| 7 | China Merchants Bank Co., Ltd.600036.SS · SSE | Banking & Financial Services | $130.00B | — |
| 8 | China Shenhua Energy Company Limited601088.SS · SSE | Energy (Coal) | $100.00B | — |
| 9 | CNOOC Limited600938.SS · SSE | Energy (Offshore Oil & Gas) | $95.00B | — |
| 10 | China Yangtze Power Co., Ltd.600900.SS · SSE | Utilities (Hydropower) | $88.00B | — |
| 11 | Ping An Insurance (Group) Company of China601318.SS · SSE | Insurance & Financial Services | $85.00B | — |
| 12 | BYD Company Limited002594.SZ · SZSE | Automotive & Electric Vehicles | $100.00B | — |
| 13 | Contemporary Amperex Technology Co. Limited (CATL)300750.SZ · SZSE | Technology (Battery / EV Components) | $130.00B | — |
| 14 | Midea Group Co., Ltd.000333.SZ · SZSE | Consumer Durables (Home Appliances) | $65.00B | — |
| 15 | Wuliangye Yibin Co., Ltd.000858.SZ · SZSE | Consumer Staples (Baijiu / Spirits) | $60.00B | — |
| 16 | China Life Insurance Company Limited601628.SS · SSE | Insurance | $70.00B | LFC |
| 17 | CITIC Securities Co., Ltd.600030.SS · SSE | Financial Services (Securities/Brokerage) | $38.00B | — |
| 18 | Gree Electric Appliances, Inc. of Zhuhai000651.SZ · SZSE | Consumer Durables (Home Appliances) | $35.00B | — |
| 19 | LONGi Green Energy Technology Co., Ltd.601012.SS · SSE | Technology (Solar Energy) | $25.00B | — |
| 20 | Shanxi Xinghuacun Fen Wine Factory Co., Ltd.600809.SS · SSE | Consumer Staples (Baijiu / Spirits) | $32.00B | — |
| 21 | China Minsheng Banking Corp., Ltd.600016.SS · SSE | Banking & Financial Services | $24.00B | — |
| 22 | East Money Information Co., Ltd.300059.SZ · SZSE | Financial Technology & Information Services | $28.00B | — |
| 23 | Luxshare Precision Industry Co., Ltd.002475.SZ · SZSE | Technology (Electronics Manufacturing) | $30.00B | — |
| 24 | China Pacific Insurance (Group) Co., Ltd.601601.SS · SSE | Insurance | $30.00B | — |
| 25 | Zijin Mining Group Co., Ltd.601899.SS · SSE | Materials (Mining – Gold, Copper) | $40.00B | — |
| 26 | SAIC Motor Corporation Limited600104.SS · SSE | Automotive | $18.00B | — |
| 27 | Hengli Petrochemical Co., Ltd.600346.SS · SSE | Chemicals & Petrochemicals | $16.00B | — |
| 28 | Jiangsu Yanghe Brewery Joint-Stock Co., Ltd.002304.SZ · SZSE | Consumer Staples (Baijiu / Spirits) | $20.00B | — |
| 29 | China Communications Construction Company Limited601800.SS · SSE | Industrials (Construction & Engineering) | $18.00B | — |
| 30 | Semiconductor Manufacturing International Corporation (SMIC)688981.SS · SSE (STAR Market) | Technology (Semiconductors) | $25.00B | — |
在美交易ETF
在美国上市并提供该市场敞口的基金——对许多美国投资者而言是最便捷的途径。
| 股票代码 | ETF | 发行机构 | 覆盖范围 | 费率年化% | 投资敞口占基金% |
|---|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | BlackRock (iShares) | 单一国家 | 0.59% | 100% |
| GXC | State Street SPDR S&P China ETF | State Street Global Advisors (SPDR) | 单一国家 | 0.59% | 100% |
| CNYA | iShares MSCI China A ETF | BlackRock (iShares) | 单一国家 | 0.60% | 100% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | DWS (Xtrackers) | 单一国家 | 0.65% | 100% |
| PGJ | Invesco Golden Dragon China ETF | Invesco | 单一国家 | 0.70% | 100% |
| FXI | iShares China Large-Cap ETF | BlackRock (iShares) | 单一国家 | 0.74% | 100% |
| KWEB | KraneShares CSI China Internet ETF | KraneShares | 单一国家 | 0.76% | 100% |
| VWO | Vanguard FTSE Emerging Markets ETF | Vanguard | 广泛新兴市场 | 0.08% | 25% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | BlackRock (iShares) | 区域 | 0.69% | 35% |
| EEM | iShares MSCI Emerging Markets ETF | BlackRock (iShares) | 广泛新兴市场 | 0.70% | 27% |
本地交易所与准入
| 交易所 | Shanghai Stock Exchange |
| 代码 | SSE |
| 网站 | www.sse.com.cn |
| 货币 | CNY |
本地券商准入
Foreign retail investors generally cannot directly purchase A-shares on the SSE or SZSE without a domestic brokerage account. Qualified Foreign Institutional Investors (QFII) and the Stock Connect programmes (Shanghai–Hong Kong Connect and Shenzhen–Hong Kong Connect) are the primary regulated channels for international access to mainland-listed equities. H-shares (Hong Kong-listed Chinese companies) and US-listed ADRs/depositary receipts provide additional access points. Offshore brokers offering China exposure typically route through Hong Kong or use synthetic instruments.
支持外国市场准入的全球券商
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
仅供参考,不构成推荐。不同券商及您所在国家/地区的可用市场、费用及开户规定各有不同。
移居与居留权
投资签证/居留权项目
资助项目 No formal investment-migration programme
China does not operate a formal Golden Visa or residency-by-investment programme equivalent to those found in many other countries. Foreigners may obtain permanent residency ('China Green Card') through employment, family ties, or significant investment contributions, but there is no standardised published minimum investment threshold for a public investor-residency scheme.
需要申请协助?专业投资移民顾问(如 Henley & Partners.
外资准入
Foreign nationals residing and working in China require a residence permit tied to employment, family, or study. Long-term permanent residency (the 'China Green Card') is granted on a discretionary basis and is historically difficult to obtain. Tax residency is triggered after 183 days in a calendar year. All foreign currency movements are subject to capital controls administered by the State Administration of Foreign Exchange (SAFE).
在美上市ADR及交叉挂牌
该国股票同时在美国交易的公司——可通过普通美国券商账户进行投资。
| 公司 | 美国股票代码 | 本地股票代码 | 备注 |
|---|---|---|---|
| Alibaba Group Holding Limited | BABA | 9988.HK | E-commerce, cloud computing, digital media and entertainment conglomerate. Listed on NYSE (originally 2014 IPO); primary listing moved to Hong Kong Stock Exchange in 2022. US listing remains active as an ADS. |
| Baidu, Inc. | BIDU | 9888.HK | China's dominant internet search engine operator and a leading developer of autonomous driving technology (Apollo platform) and AI. Listed on NASDAQ; secondary listing in Hong Kong. |
| China Life Insurance Company Limited | LFC | 601628.SS / 2628.HK | China's largest state-owned life insurer. NYSE ADR. Also listed on SSE (A-shares) and HKEX (H-shares). |
| Full Truck Alliance Co. Ltd. | YMM | — | Operator of China's largest digital freight platform connecting shippers with truckers. Listed on NYSE. |
| JD.com, Inc. | JD | 9618.HK | China's second-largest e-commerce platform by revenue, also operating logistics and cloud services. Listed on NASDAQ with a secondary listing in Hong Kong. |
| Kanzhun Limited (BOSS Zhipin) | BZ | — | Operator of BOSS Zhipin, China's largest online direct-hire recruitment platform. Listed on NASDAQ. |
| Li Auto Inc. | LI | 2015.HK | Chinese electric vehicle manufacturer focused on extended-range electric SUVs. Listed on NASDAQ; secondary listing on the Hong Kong Stock Exchange. |
| Lufax Holding Ltd. | LU | 6623.HK | Technology-empowered personal financial services platform in China, majority-owned by Ping An Group. Listed on NYSE; secondary listing in Hong Kong. |
| NIO Inc. | NIO | 9866.HK | Chinese electric vehicle manufacturer focusing on premium smart EVs with a battery-as-a-service (BaaS) subscription model. Listed on NYSE; secondary listing in Hong Kong. |
| NetEase, Inc. | NTES | 9999.HK | One of China's largest online gaming and internet content companies, also operating music streaming (NetEase Cloud Music) and education services. Listed on NASDAQ; secondary listing in Hong Kong. |
| PDD Holdings Inc. (Pinduoduo / Temu) | PDD | — | Operator of Pinduoduo marketplace in China and international e-commerce platform Temu. Listed on NASDAQ. Incorporated in Ireland; primary business in China. |
| PetroChina Company Limited | PTR | 601857.SS / 0857.HK | China's largest oil and gas producer. NYSE ADR. Also has A-share (SSE) and H-share (HKEX) listings. |
| Trip.com Group Limited | TCOM | 9961.HK | China's largest online travel agency, operating Trip.com, Ctrip, Qunar, and Skyscanner globally. Listed on NASDAQ with a secondary Hong Kong listing. |
| XPeng Inc. | XPEV | 9868.HK | Chinese electric vehicle and technology company producing smart EVs. Listed on NYSE; secondary listing in Hong Kong. |
| Yum China Holdings, Inc. | YUMC | 9987.HK | Operator of KFC, Pizza Hut, and other restaurant brands in China. Spun off from Yum! Brands in 2016. Listed on NYSE with a secondary Hong Kong listing. |