More Chinese firms make Fortune Global 500

A record 120 Chinese companies have squeezed onto the latest Fortune Global 500 list, only six places fewer than the top performer, the United States - marking the 15th consecutive year that the country's companies have increased their presence on the list.

Three of the top five companies on the list are from China. State Grid was ranked second, followed by the State-owned energy giants Sinopec Group and China National Petroleum Corp.

Thirteen Chinese companies made the list for the first time, including China Merchants Group, Xiamen Xiangyu Group, Ansteel Group, China Taiping Insurance Group and Haier Group. Listed Chinese companies were mainly involved in internet, retail, finance, energy and property.