World's top 10 biggest public companies

A Chinese banking giant, Industrial and Commercial Bank of China, has been crowned the largest public company in the world, according to the 2017 Forbes Global 2000 ranking.

The positionisfollowed by the China Construction Bank. The Agricultural Bank of China fell three spots to No 6 and the Bank of China further dropped two spots to No 8 this year.

The Forbes Global 2000 ranking, published since 2003, was based on a composite score from equally-weighted measures of revenue, profits, assets and market value.

The 2017 list featured public companies from a total of 58 countries which, together, accounted for $35.3 trillion in revenue, $2.5 trillion in profit, $169.1 trillion worth in assets, and have a combined market value of $48.8 trillion.

The top 10 biggest public companies in the world are listed below:

No10Toyota Motor

Country:Japan

Sales: $249.9 billion

Profit: $17.1 billion

Assets: $412.5 billion

Market value: $171.9 billion

A taxi of Toyota Motor Corp's Prius hybrid car, drives past a Kabuki theater in Tokyo, Japan May 30, 2017.[Photo/Agencies]

No9Apple

Country:United States

Sales: $217.5 billion

Profit: $45.2 billion

Assets: $331.1 billion

Market value: $752 billion

Tim Cook, chief executive officer of Apple Inc, speaks during an event in San Francisco, California, Sept 12, 2012. [Photo/VCG]

No8Bank of China

Country:China

Sales: $113.1 billion

Profit: $24.9 billion

Assets: $2.61 trillion

Market value: $141.3 billion

The Bank of China logo is displayed outside a branch in Beijing, on July 6, 2011.[Photo/VCG]

No7Bank of America

Country: United States

Sales: $92.2 billion

Profit: $16.6 billion

Assets: $2.19 trillion

Market value: $231.9 billion

A Bank of America ATM kiosk sits in a parking lot in Medford, Massachusetts, US, January 10, 2017. [Photo/VCG]

No6Agricultural Bank of China

Country: China

Sales: $115.7 billion

Profit: $27.8 billion

Assets: $2.82 trillion

Market value: $149.2 billion

Pedestrians walk past the Agricultural Bank of China Guangdong branch in Guangzhou, Guangdong province, March 25, 2014. [Photo/VCG]

No 5Wells Fargo

Country: United States

Sales: $97.6 billion

Profit: $21.9 billion

Assets: $1.97 trillion

Market value: $274.4 billion

A man walks by a bank machine at the Wells Fargo & Co bank in downtown Denver, Colorado, US, April 13, 2016. [Photo/VCG]

No 4JPMorgan Chase

Country: United States

Sales: $102.5 billion

Profit: $24.2 billion

Assets: $2.51 trillion

Market value: $306.6 billion

A view of the exterior of the JPMorgan Chase & Co corporate headquarters in New York City, May 20, 2015.[Photo/VCG]

No 3 Berkshire Hathaway

Country: United States

Sales: $222.9 billion

Profit: $24.1 billion

Assets: $620.9 billion

Market value: $409.9 billion

Berkshire Hathaway chairman and CEO Warren Buffett enjoys an ice cream treat from Dairy Queen before the Berkshire Hathaway annual meeting in Omaha, Nebraska, US, May 6, 2017. [Photo/VCG]

No 2 China Construction Bank

Country: China

Sales: $134.2 billion

Profit: $35 billion

Assets: $3.02 trillion

Market value: $200.5 billion

A sign of China Construction Bank is seen at a branch in Beijing, China, April 21, 2016. [Photo/VCG]

No 1 Industrial and Commercial Bank of China

Country: China

Sales: $151.4 billion

Profit: $42 billion

Assets: $3.47 trillion

Market value: $229.8 billion

The Industrial and Commercial Bank of China Ltd (ICBC) logo is seen on a building at sunrise Buenos Aires, Argentina, August 10, 2016.[Photo/VCG]