The property unit of Dalian Wanda Group Chairman Wang Jianlin, recently hailed as the richest man in Asia, is one of the 232 Chinese companies included in Forbes' annual list of the biggest companies in the world.

Like Us on Facebook

And for the first time in the history of the FORBES Global 2000 list, the top four public companies ranked based on sales, profits, assets and market value call China their home.

The four financial institutions are ICBC, China Construction Bank, Agricultural Bank of China and Bank of China. The United States' Berkshire Hathaway, JP Morgan Chase, Exxon Mobil and General Electric and Chinese oil and gas exploration company PetroChina complete the Top 10 list.  

Forbes noted that this year's number of included Chinese firms is about five times higher than when it launched the list in 2003 and the second consecutive year that five companies were included in the Top 10 spots.

Dalian Wanda Commercial Properties and Alibaba, both having successfully launched initial public offerings recently, debuted the list at 234 and 269, respectively.

Lens Technologies, led by the world's richest self-made woman, Zhou Qunfei, also made it to the list.

According to Forbes, the China-based companies included in the list recorded a combined revenue of US$4.6 trillion, profits of US$473 billion, assets worth US$25 trillion and market value of US$6 trillion.

Among the 232 Chinese companies in the list are 50 in the construction industry and 38 companies in the financial sector.

Despite the results, Forbes cautioned about China's "high local debts to an overheated stock market," that is leading to a rather slow growth in the country's GDP.

Further, rating agency Fitch Ratings said in a May 6 note that China's "slower economic growth" during the first quarter of 2015 was expected due to its credit growth that started in the middle of 2014.

Fitch, however, expects the Asian giant to implement more relaxed policies to support its real estate market and "weaker" corporate hiring intentions.   

Companies established and/or are operating in Hong Kong were considered as Chinese companies, the report said.

TagsForbes, forbes list, forbes global 2000, banks, asia's richest man, Fitch Ratings, Forbes, forbes list, biggest companies in the world, banks, forbes global 2000, richest man in china, lists, Fitch, List, forbes companies