PetroChina, China's biggest oil and gas firm in China, has successfully become the world's biggest firm in the world, and also the world's first company to be worth more than one trillion dollars.
PetroChina shares floated at 16.7 yuan (107p), and almost tripled to close at 43.96 yuan, giving the group a market capitalisation of around $1 trillion (£480 billion).
Petro China has toppled ExxonMobil which was the previous biggest company in the world with market capitalisation of US480 Billion. PetroChina is also now twice as big as combined Royal Dutch Shell and BP.
Market analysis is suggesting that PetroChina is benefiting from both the high soar of oil and petroleum products and also from the booming stock market in China.
As of late, more and more companies from China are being traded in the US stock exchange, and has given new evaluations of Chinese companies. Chinese companies are now the second biggest occupier of Wall Street after the US companies.
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