In this article, we will be looking at the 5 most valuable government-owned companies in the world. If you want to see our detailed analysis of the public sector and the economics of state-owned companies, you can go directly to the 15 Most Valuable Government Owned Companies in the World.
5. Federal Home Loan Mortgage Corporation (OTC:FMCC)
Total Assets: $2.62 trillion
The Federal Home Loan Mortgage Corporation (OTCMKTS: FMCC), known more commonly as Freddie Mac, is a mortgage loan company with headquarters in Tysons Corner, Virginia, operating in the secondary mortgage market of the United States. The company provides liquidity and stability to the United States housing market by purchasing residential mortgage loans originated by lenders, alongside investing in mortgage loans and mortgage-related securities. The company provided approximately $1.2 trillion in liquidity to the mortgage market in 2020, financing around 3.8 million single-family home loans.
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4. Federal National Mortgage Corporation (OTC:FNMA)
Total Assets: $3.98 trillion
The Federal National Mortgage Corporation (OTCMKTS: FNMA), known also as Fannie Mae, is a mortgage loan company focused on the expansion of the second mortgage market in the United States by the securitization of mortgage loans in the form of mortgage-backed securities (MBS). In the year 2020, the company provided around $1.4 billion in liquidity to the single and multifamily mortgage markets as of 2020 thus allowing aspiring homeowners and renters to take advantage of the low-interest rates to purchase homes while refinancing over $3.4 million loans throughout the United States.
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3. Agricultural Bank of China Limited (SHA:601288.SS)
Total Assets: $4.23 trillion
Agricultural Bank of China, also referred to as AgBank, is one of the ‘Big Four’ banks in the People’s Republic of China. Based in the Dongcheng District in Beijing, the bank has branches across mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, and Singapore. Founded in 1951, the bank’s area of activity revolved around providing financial services for the development of China’s rural areas.
2. China Construction Bank Company (SHA:601939.SS)
Total Assets: $4.37 trillion
China Construction Bank Company is the second largest of the ‘Big Four’ banks in the People’s Republic of China. Headquartered in the Xicheng District in Beijing, the bank maintains over 13,600 domestic branches, alongside overseas branches in Frankfurt, Luxemburg, Johannesburg, New York, Barcelona, Tokyo, and Sydney, among other countries. Alongside the rest of the ‘Big Four’, China Construction Bank is a systemically important bank for China.
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1. Industrial and Commercial Bank of China (SHA:601398.SS)
Total Assets: $5.13 trillion
The Industrial and Commercial Bank of China (SSE: 601398) (ICBC) is a government-owned multinational commercial bank. The largest of the ‘Big Four’, it is China’s largest systematically important bank. Established in 1984 as a limited company, the bank specializes in business loans to manufacturers, retailers, power companies, and other sectors. Ranked high among the Fortune Global 500 list of the largest companies in 2020, the bank reported total profits amounting to $45.19 billion.
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