PR87889

FOSHAN, China, Feb. 2, 2021 /PRNewswire=KYODO JBN/ --

- The firm's ranking has continued to improve for five consecutive years

Leading UK-based brand valuation consultancy Brand Finance recently released

the Global 500 2021 list, with Chinese property developer Country Garden (stock

code: 2007.HK) ranking 87th, having moved up the list for each of the last five

years since making its first appearance in 2017. This is the first time the

firm has entered the top 100 of the coveted roster.

Every year, Brand Finance, the world's leading independent brand valuation and

strategy consultancy, assesses thousands of world-renowned brands and releases

the annual Global 500 report. The Brand Finance Global 500 is the only

ISO-certified list and one of the most authoritative global company rankings in

the world. Brand Finance evaluates companies based on several metrics,

including brand assets and revenue. The Global 500 serves as a testament to the

overall strength and internationally recognized brand value of the companies

included on the list.  

The 2021 edition of the report demonstrates the increasingly strong brand

presence of Chinese companies. Their combined brand value reached US$1.4

trillion in 2020, nearly 20 percent of the total. China came in third when

comparing the aggregate value of the companies by country. In 2020, Country

Garden delivered US$19.49 billion in brand value, growing 13.8 percent from the

prior year.

Country Garden is committed to quality-focused development backed by robust

operations. In 2020, the firm had moved up to the 147th position on the Fortune

Global 500 list, making it the list's highest ranking property developer and

marking the fourth consecutive year that the firm has been included. In

addition, Country Garden garnered the 111th spot on the Forbes Global 2000

list, continuing the uninterrupted improvement in its ranking over 11

consecutive years.

Country Garden continues to focus on quality-based development by adopting a

prospective approach to strengthening its comprehensive competitiveness during

the full development cycle in line with the government's program for a new type

of urbanization. In 2020, Country Garden Group and its affiliates achieved

combined sales attributable to shareholders of approximately 570.66 billion

yuan, up 3.34 percent from a year earlier. According to data from a third-party

organization, Country Garden continues to hold the top position in the sector

in terms of aggregate sales. Additionally, Country Garden is one of the few

Chinese private companies to secure investment-grade ratings from Moody's and

Fitch. During 2021, the firm plans to further boost growth as it continues to

build on a strategy, now in its third year, of enhancing its comprehensive

competitiveness by leveraging its already strong presence, while further

improving quality and efficiency.  

Source: Country Garden Holdings

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