Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, February 02 2021 - 13:19
AsiaNet
Chinese property developer Country Garden moves up to the 87th position on Brand Finance Global 500 2021 list
FOSHAN, China, Feb. 2, 2021 /PRNewswire-AsiaNet/ --

- 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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