China dominates FA100 index

Chinese banks continue to dominate FinanceAsia's index of the 100 most profitable companies in Asia ex-Japan, despite rising concerns over China’s slowing economic growth.

China’s big four banks ICBC, China Construction Bank, Agricultural Bank of China and Bank of China kept their position at the top of the FA100 index, unchanged from 2014. Collectively, these four banks have a market value of $903 billion compared with $700 billion a year ago.

The FA100 index refer to the bottom of the story was drawn up using Bloomberg data to screen for Asia's 100 most profitable listed companies, based on their three-year aggregated net income up till the third quarter of 2014. 

The mainland’s dominance is reflected by the fact 43 of the 100 firms covered are from China....

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