Beijing ranks first among all the cities in the Chinese mainland in terms of market value of all listed companies, according to a report by Securities Times.

With a 27.18 trillion yuan ($4.19 trillion) market value for its 659 listed companies, China's capital city of Beijing has taken a leading role on the list of cities with the highest total market value of listed companies.

South China's Shenzhen and the country's financial center Shanghai took the second and third spots with a total market value of 16.36 trillion yuan and 12.42 trillion yuan, respectively.

Data showed the total market value of listed companies in the Chinese mainland reached 116 trillion yuan at the end of 2020, up nearly 29 trillion yuan from the end of 2019.

Meanwhile, the private economy has played an essential role in the development of the urban economy, according to the report.

The stock market is considered a barometer of the economy, and the number, scale and competitiveness of a city's listed companies reflect the city's comprehensive competitiveness.

Let's take a look at the top 10 cities with the highest market value of listed companies in the Chinese mainland.