based on the 500 mmost valuable private companies selected by Hurun
Supplementary notes
One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of February 2022).
The market values of listed companies were based on the closing prices on November 19, 2021. For the valuation of private companies, market values of other companies from the same industry or the latest M&A data were included in the estimations.
In 2021, the ranking of Hurun top 500 Chinese companies included those from Hong Kong, Macau and Taiwan.
Citation formats
Most valuable non-mainland Chinese companies in Greater China 2021
In 2021, Taiwan Semiconductor, commonly known as TSMC, was the highest-valued non-mainland Chinese private company, with a market cap of almost *** trillion yuan. In that year, a total of ** companies from Hong Kong, Macau and Taiwan were ranked in the *** most valuable companies in the Greater China region.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
Hurun Research Institute. (January 19, 2022). Market value of most valuable private companies from Hong Kong, Macau and Taiwan in 2021 (in billion yuan) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1289899/greater-china-most-valuable-non-mainland-china-private-enterprises/
Hurun Research Institute. "Market value of most valuable private companies from Hong Kong, Macau and Taiwan in 2021 (in billion yuan)." Chart. January 19, 2022. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1289899/greater-china-most-valuable-non-mainland-china-private-enterprises/
Hurun Research Institute. (2022). Market value of most valuable private companies from Hong Kong, Macau and Taiwan in 2021 (in billion yuan). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1289899/greater-china-most-valuable-non-mainland-china-private-enterprises/
Hurun Research Institute. "Market Value of Most Valuable Private Companies from Hong Kong, Macau and Taiwan in 2021 (in Billion Yuan)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 19 Jan 2022, /statistics/1289899/greater-china-most-valuable-non-mainland-china-private-enterprises/
Hurun Research Institute, Market value of most valuable private companies from Hong Kong, Macau and Taiwan in 2021 (in billion yuan) ÌÇÐÄÆƽâ°æ, /statistics/1289899/greater-china-most-valuable-non-mainland-china-private-enterprises/ (last visited July 30, 2026)
Market value of most valuable private companies from Hong Kong, Macau and Taiwan in 2021 (in billion yuan) [Graph], Hurun Research Institute, January 19, 2022. [Online]. Available: /statistics/1289899/greater-china-most-valuable-non-mainland-china-private-enterprises/
