The All-China Federation of Industry and Commerce unveiled three 2026 rankings for China's private sector in Tianjin on Sept 22: China's Top 500 Private Enterprises, China's Top 500 Private Manufacturing Enterprises, and China's Top 100 Private Service Enterprises.

A total of 49 private enterprises from Guangdong province secured spots on the comprehensive list, ranking fourth nationwide.

These Guangdong-based enterprises posted a combined operating revenue of approximately 6.38 trillion yuan ($ 951.30 billion) in 2025, accounting for 14.2 percent of the 44.93 trillion yuan in total revenue posted by all 500 listed firms. This revenue share is notably higher than the province's 9.8 percent share by enterprise count.

Three Guangdong companies claimed positions in the top 10 of the comprehensive ranking: Huawei Investment & Holding (4th, with 880.94 billion yuan in revenue), BYD (5th, 803.97 billion yuan), and Tencent Holdings (6th, 751.77 billion yuan). 13 Guangdong firms made it into the top 100.

The province also has 49 entrants on the manufacturing list and 11 on the service list, forming a development landscape of Guangdong's private economy with manufacturing as its backbone and services as its growth wings.

Shenzhen leads Guangdong's cities with 23 listed enterprises, nearly half of the provincial total. Manufacturing underpins Guangdong's private economy, with 35 of the 49 comprehensive-list entrants hailing from the sector and concentrated in the electronic information and consumer electronics industrial chain.

The rise of new energy enterprises, alongside growing players across logistics, internet, finance and other sectors, stands out as a highlight of Guangdong's private sector in these rankings.