Selling shares to mainland Chinese investors for the first time, PetroChina opens big in Shanghai

摘要

PetroChina Co became the world's first 1 trillion dollars company on November 5, having almost tripled in value in its first day of trading on the Shanghai Stock Exchange. The share surge by the state-owned oil producer made for a day of superlatives. PetroChina's market value suddenly was greater than that of Exxon Mobil Corp and General Electric Co combined. It also topped the worth of the entire Russian stock market and put China out in front of Russia in their competition to create the world's largest company.