Fortune publishes China's Top 500

Fortune magazine published its 2013 Top 500 list for Chinese companies on Tuesday with Sinopec, Petrochina and China State Construction Engineering perched at the top.

The list was compiled by the magazine and Beijing Zhongneng Xingye Investment Consulting and from information disclosed at stock exchanges.

In terms of net profit, Industrial and Commercial Bank of China topped the list with 238.53 billion yuan ($38.6 billion), followed by China Construction Bank Corp, Agricultural Bank of China, and Bank of China.

Kweichow Moutai reported the highest profit rate, 50 percent, followed by ICBC, Bank of Nanjing and Baidu at 44 percent.