Chinese banks dominate the top three spots on the latest list of Forbes Global 2000, one of the most authoritative rankings of the world’s largest public companies.

Industrial and Commercial Bank of China (ICBC ), China Construction Bank and Agricultural Bank of China fill the leading positions, with their market caps reaching US$198 billion, US$162.8 billion and US$152.7 billion respectively.

The top 10 list shows the dominance of the U.S. and China in the world's business landscape, with only Japan’s Toyota Motor being the company not from these two countries.

Rankings were assigned based on a composite score that measures sales, profits, assets and market value. This year's Global 2000 companies have a combined US$35 trillion in revenue, US$2.4 trillion in profits, US$162 trillion of assets and US$44 trillion in market value.

The Forbes Global 2000 is a comprehensive list of the world's largest and most powerful public companies. This year's list, the 14th annual ranking since 2003, includes companies from 63 countries and regions.

The following are the 10 largest public companies in the world in 2016 according to Forbes.

 Toyota Motor

Toyota Motor [File photo]

Country: Japan

Headquarters: Toyota

Industry: Auto & truck manufacturers

Founded in: 1937

Market cap (as of May 2016): US$177 billion

Sales: US$235.83 billion

Website: http://www.toyota.co.jp