Deloitte China recently announced the winners of the 2022 China's Best Managed Companies (BMC) awards program. These 50 winning companies have annual average revenue hitting 37.1 billion yuan (US$5.5 billion) and growth rate reaching 21% despite COVID-19 challenges.
On August 12, an award presentation ceremony was held in Beijing. The HKUST Business School, sole academic partner of the BMC program, is honored to announce 13 second-time winners and 11 third-time winners of the award.
The 2022 whitepaper on China Best Managed Companies was also released on the same day, unveiling the qualities displayed by the award winners and offering insights on the development of Chinese private companies.
With the support from the HKUST Business School, Deloitte China conducted a nation-wide survey on the enterprise management and operation of private companies across different industries in China, covering aspects of strategy, capability, commitment and financial strength.
Launched in 1993 in Canada, BMC is a pioneering global initiative recognizing private companies with advanced management ideas and excellent business performance. BMC China edition is a first-of-its-kind program that identifies outstanding companies in the Mainland, Hong Kong, and Macau.