2020 China’s top 500 private enterprises summit was held in Beijing on the September 10th. At the meeting, three private enterprises “top 500 list” and “China’s top 500 private enterprises survey and analysis report” were jointly released.

In the list of top 500 private enterprises in China, Huawei Investment Holdings Co., Ltd., Suning Holding Group, and Zhengwei International Group Co., Ltd. ranked the top three in terms of operating income, the top 10 companies all exceeded 300 billion yuan in revenue.

The summit also released the China’s Top 500 Private Enterprises of Manufacturing Industry and China’s Top 100 Private Enterprises of Service Industry. Huaihai Holding Group moves up 12 spots to 336th in China’s Top 500 Private Enterprises of Manufacturing Industry with 16.10794 billion yuan in revenue.