The number of Chinese companies on the Fortune 500 list rose for the 12thyear in a row to 106, with six more entering for the first time, including Shaanxi Coal & Chemical Industry Group Co, China Everbright Group Co and HNA Group. The United States still has the largest number, 128, unchanged from last year, but the list’s compilers estimate that China will overtake the U.S. by 2020. China Petrochemical Corp (Sinopec Group), with a total sales revenue of USD446.81 billion in 2014, is No 2 behind Walmart. In the sub-list of the most profitable companies, 13 out of the Top 50 were from China. Industrial & Commercial Bank of China (ICBC) topped the list with total profits of USD44.76 billion last year, beating Apple and Exxon Mobil Corp. Grain trader COFCO Corp saw its position rise the most in the Fortune 500, jumping from 401 to 272. China Merchants Bank (CMB) enjoyed the second-best growth rate, with its position rising to 235 from 350. The majority of the 106 Chinese companies were state-owned, with 47 directly under the control of the State Assets Supervision and Administration Commission (SASAC). 13 Chinese companies were listed in the “the top 50 companies which suffered the greatest losses” led by Aluminum Corp of China, which lost USD1.76 billion last year, the China Daily reports.