Most valuable State-owned Enterprises worldwide 2020

State-owned Enterprises (SOEs) are companies whose controlling shareholder is the government of a country or a related state institution. The largest SOE as of 2020, was the Industrial and Commercial Bank of China - alongside the China Construction Bank and the Agricultural Bank of China, these make up the three largest government controlled businesses in the world. SOEs commonly operate in sectors where there is a natural monopoly, such as in the transportation and energy sectors, or in areas which the public authorities deem government intervention essential, such as in housing credit - although many Chinese businesses appear on this list due to its unique socialist market economy.