Wang Chuanfu, chairman of Chinese electric car manufacturer BYD, topped the annual ranking of the Chinese mainland's best CEOs released by Forbes China, followed by Zeng Yuqun, chairman of China's largest battery supplier Contemporary Amperex Technology Ltd.

The average age of the 50 CEOs is 54 and there are 44 newcomers on this year's ranking, with a replacement rate of 88 percent, a new high since 2019, Forbes said.

Let's take a look at the top 10 CEOs this year.

No 10 Fang Heying, China CITIC Bank

Fang Heying, vice-chairman and president of China CITIC Bank.[Photo/VCG]

No 9 Li Xiaohua, Yunnan Energy New Material Co Ltd

Li Xiaohua, vice-chairman of Yunnan Energy New Material Co Ltd.[Photo/semcorpglobal.com]

No 8 Pan Gang, Inner Mongolia Yili Industrial Group

Pan Gang, president and chairman of Inner Mongolia Yili Industrial Group.[Photo/VCG]

No 7 Zhong Yu, Jiangsu Yanghe Brewery Joint-Stock Co Ltd

Zhong Yu, president of Jiangsu Yanghe Brewery Joint-Stock Co Ltd. [Photo/chinayanghe.com]

No 6 Lin Feng, Luzhou Laojiao Co Ltd

Lin Feng, general manager of Luzhou Laojiao Co Ltd. [Photo/lzlj.com]

No 5 Kou Guangwu, Wanhua Chemical Group Co Ltd

Kou Guangwu, chairman of Wanhua Chemical Group Co Ltd. [Photo/bcsf.tsinghua.edu.cn]

No 4 Ding Lei, NetEase

Ding Lei, CEO of NetEase Inc. [Photo/IC]

No 3 Li Zhenguo, LONGi Green Energy Technology Co Ltd

Li Zhenguo, founder and president of Longi Green Energy Technology Co.[Photo/longi.com]

No 2 Zeng Yuqun, Contemporary Amperex Technology Ltd

Zeng Yuqun, chairman of Contemporary Amperex Technology Ltd. [Photo/VCG]

No 1 Wang Chuanfu, BYD

Wang Chuanfu, chairman of China's largest NEV maker, BYD Automobile. [Photo/VCG]