Private companies have made an increasingly large contribution to the economy and made more efforts in innovation, investment and international competitiveness, in addition to job creation and tax contributions, a report said.

According to the report, published by the China Federation of Private Enterprises, an industry association, and the China Academy of Management Science, a government think tank, Legend Holdings Corp, the largest shareholder in personal-computer maker Lenovo Group Ltd, is ranked as the leading private enterprise in China with operating revenues of 289.5 billion yuan ($45 billion).

It was followed by telecom giants Huawei Technologies Co Ltd and retail giant Suning Commerce Group Co Ltd with revenues of 288.2 billion yuan and 282.9 billion yuan, respectively.

Let's take a look at the top 10 companies nominated on the list.

NO. 10 China Vanke Co Ltd

View of the headquarters of China Vanke Co Ltd in Shenzhen city, South China's Guangdong province. [Photo/IC]