The market value of listed companies in all Chinese cities totaled more than 85 trillion yuan (about $12.3 trillion) at the end of 2019, an increase of 40% year-on-year, according to data from Shujubao, a financial information provider run by the Securities Times.

Among them, Beijing, with 597 listed companies worth 23.8 trillion yuan, took the first spot. Shenzhen came in second, with 396 listed companies having a combined market value of 12.1 trillion yuan. Shanghai ranked third in the country with its 460 listed companies having a total market value of 7.9 trillion yuan.

It is noteworthy that Renhuai, a county-level city in southwest China's Guizhou province, came in sixth, with only one listed company of Kweichow Moutai Co Ltd. The leading high-end liquor maker saw its market value rise by 103% in 2019 to hit nearly 1.5 trillion yuan.

Top 10 Chinese cities based on the total market value of its listed companies:

10. Chengdu

Number of listed companies: 93

Total market value: 793.6 billion yuan