The 21st World Brand Summit took place yesterday in Beijing, where World Brand Lab unveiled the 2024 China’s 500 Most Valuable Brands report. This annual report, which considers financial data, brand strength, and consumer behavior analysis, revealed that State Grid secured the top spot on the list with a brand value of 653.89 billion RMB ($91.54 billion). Joining State Grid in the top five were Industrial and Commercial Bank of China, Haier, PetroChina, and China Life, all of which have achieved world-class brand status.