14 Beijing-based companies edged into the 2013 "Top 50 Most Admired Chinese Companies" list released by Fortune China in late September, accounting for 28 percent of the total, the highest among all provincial regions in the country.
Seven enterprises from Zhongguancun, or "China's Silicon Valley," were included on the list: Lenovo Holdings, Xiaomi Technology and Founder Group, Baidu, JD.com, NetEase and Sany Heavy Industry.
Baidu, China's search engine giant, was included in the top three for the fourth consecutive year, but had to give up one spot this year -- down to the No.2 position. Alibaba, China's largest e-commerce group, made its way to the top spot in 2013. Electrical appliance giant Haier Group took a third place.
Popular Chinese smartphone manufacturer Xiaomi Technology, founded only three years ago, became the youngest-ever member to be featured on the list. It was ranked 11th.
To form the list, a total of 300 candidate companies were assessed across nine categories, including their products and services, long-term investment value, innovation capabilities, financial stability and abilities to attract new talent.
The 14 Beijing-based companies featured in Fortune China's 2013 "Top 50 Most Admired Chinese Companies" list are as follows:
Founder Group
Rank: 14
Overall Rank 2013: 45; Overall Rank 2012: N/R
Industry: Electrical appliances and electronics
China Minsheng Banking Corp.
Rank: 13
Overall Rank 2013: 44; Overall Rank 2012: N/R
Industry: Banking
Industrial and Commercial Bank of China
Rank: 12
Overall Rank 2013: 43; Overall Rank 2012: N/R
Industry: Banking
China Aerospace and Industry Corp.??
Rank: 11
Overall Rank 2013: 40; Overall Rank 2012: N/R
Industry: Manufacturing
China Aerospace Science and Technology Corporation
Rank: 10
Overall Rank 2013: 32; Overall Rank 2012: 33
Industry: Manufacturing
State Grid
Rank: 9
Overall Rank 2013: 29; Overall Rank 2012: 37
Industry: Electric power and public utility
NetEase
Rank: 8
Overall Rank 2013: 23; Overall Rank 2012: 25
Industry: Internet
COFCO
Rank: 7
Overall Rank 2013: 18; Overall Rank 2012: 14
Industry: Diversified
Xiaomi Technology
Rank: 6
Overall Rank 2013: 11; Overall Rank 2012: N/R
Industry: Electrical appliances and electronics
Sany Heavy Industry
Rank: 5
Overall Rank 2013: 9; Overall Rank 2012: 5
Industry: Manufacturing
Wanda
Rank: 4
Overall Rank 2013: 8; Overall Rank 2012: 13
Industry: Real estate
JD.com
Rank: 3
Overall Rank 2013: 7; Overall Rank 2012: 11
Industry: Internet
Lenovo
Rank: 2
Overall Rank 2013: 5; Overall Rank 2012: 7
Industry: Electrical appliances and electronics
Baidu
Rank: 1
Overall Rank 2013: 2; Overall Rank 2012: 1
Industry: Internet
