China National Petroleum Corp topped the Top 100 multinational enterprises list released by the China Enterprise Confederation (CEC) and the China Enterprise Directors Association (CEDA) with 896.39 billion yuan (US$146 billion) overseas assets.

In 2013, the direct investment of China to other countries reached US$101 billion, including US$50.2 billion cross-border mergers and acquisitions, according to World Investment Report 2014 released by United Nations Conference on Trade and Development.

The statistics of China Enterprise Confederation showed that the average annual growth rate of foreign investment of Chinese enterprises has been as high as 42.13 percent since 2002.

However, it was worth noticing that the average index of multinational enterprises of Top 100 companies were only 13.6 percent, down 0.38 percentage points.

Besides, the overseas revenue of the companies increased 4.77 percent compared with the same period last year, which is much less than the 16.95 percent growth rate in overseas assets.

"The well-known multinational enterprises boast core competition advantages on products, technology, brands and management," Li Jin, chief researcher with the China Enterprise Development Research Institute said, "The scale of Chinese transnational corporations is very large, but, it is lack of aces."

In addition, according to the headquarters' locations, the Top 100 transnational corporations gathered in the developed cities of China. Beijing, the capital of China, topped the number of headquarters with 51 percent of the 100 enterprises, followed by Guangdong and Zhejiang provinces with 7 percent respectively.

Take a look at the top 10 transnational corporations of China:

   Zhejiang Geely Holding Group

Overseas assets: 82.4 billion yuan (US$13.4 billion)

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