According to the list of "Top 500 Chinese Brands in 2024" released by Brand Finance, a British brand evaluation agency, Douyin's brand value has increased by 28%, surpassing ICBC to become the most valuable brand in China this year. Other brands in the top 10 are: State Grid, China Construction Bank, Agricultural Bank of China, Bank of China, Moutai, Ping An of China, China Mobile and WeChat.
Brands in the Beijing-Tianjin-Hebei region account for 47% of the total brand value of the top 500 Chinese brands. The 118 brands in the Greater Bay Area (Guangzhou, Shenzhen, Hong Kong and Macau) contributed 21.5% of the total value of China's Top 500 brands. The 115 brands in the Yangtze River Delta region contribute 14% of China's total brand value. 66 Taiwanese brands contribute 6% of China's total brand value.
Brand value is the net present value of revenue associated with a brand's reputation. Often, businesses own and control these revenues through trademark rights. Brand Finance is based on a brand licensing agreement and reviews the licensing fees actually paid by brand users for the brand, an approach known as the "royalty rate method". Forecasting and evaluating brand revenue, i.e., evaluating and predicting the future revenue that the brand can bring to the enterprise based on the analysis of the expected turnover of the operating organization, combined with the brand's exclusive franchise rate. After-tax brand revenue is discounted through cash flow to the valuation date, and the sum is the brand value of the brand at that valuation date.
Rank Brand Headquarters Industry Brand Value/% Change
1. Douyin, Beijing, Media and Culture, US$84.199 billion/+28.2% 2. Industrial and Commercial Bank of China, Bank of Beijing, US$71.828 billion/+3.3% 3. State Grid Beijing, Public Utilities US$71.145 billion/+20.9% 4. China Construction Bank, Bank of Beijing, US$65.604 billion/+4.7% 5. Agricultural Bank of China, Bank of Beijing, US$60.398 billion/+4.7% 6, Bank of China, Bank of Beijing, US$50.469 billion/+6.6% 7, Moutai Guizhou Spirits US$50.095 billion/+0.7% 8. Ping An of China Guangdong Insurance US$44.369 billion/-0.7% 9. China Mobile Beijing Communications US$44.238 billion/+2.0% 10. WeChat Guangdong Media Culture US$41.794 billion/-16.8%
11. Tencent Guangdong Media and Culture 36.055 billion US dollars / -5.3% 12. Huawei Guangdong Science and Technology 31.097 billion US dollars / -29.8% 13. China State Construction Beijing Engineering and Construction 29.962 billion US dollars / -6.1% 14. PetroChina Beijing oil and gas 28.500 billion US dollars / -3.9% 15. Sinopec Beijing oil and gas 28.480 billion US dollars / +4.9% 16. China Merchants Bank Guangdong Bank 26.644 billion US dollars / +8.6% 17. Wuliangye Sichuan Spirits US$25.895 billion/-14.5% 18. TSMC Taiwan Technology US$25.052 billion/+16.2% 19. Taobao Zhejiang Retail US$20.147 billion/-34.0% 20. CATL Fujian Technology US$19.036 billion/+29.4%
21. Tmall Zhejiang Retail $18.633 billion/-32.1% 22. Postal Savings Bank of China Bank of Beijing $18.276 billion/+7.3% 23. Bank of Communications Bank of Shanghai $18.255 billion/-3.7% 24. Chinese Life Beijing Insurance $18.008 billion/+0.7% 25. Jingdong Beijing Retail $17.824 billion/-6.0% 26. China Railway Beijing Engineering and Construction $17.587 billion/-11.1% 27. China Railway Construction Beijing Engineering Construction 17.416 billion US dollars / -8.5% 28. China Pacific Insurance Shanghai Insurance 15.339 billion US dollars / +1.2% 29. China Telecom Beijing Communications 14.211 billion US dollars / -20.1% 30. China CITIC Bank Beijing Bank 13.325 billion US dollars / +5.6%
31. Chinese People's Insurance Beijing Insurance US$13.275 billion / +12.9% 32. AIA Hong Kong Insurance US$13.227 billion / -12.1% 33. NetEase Guangdong Media Culture US$12.945 billion / +20.4% 34. BYD Guangdong Automobile US$12.087 billion / +19.9% 35. Yili Inner Mongolia Food US$11.606 billion / -6.4% 36. China Energy Construction Group Beijing Engineering and Construction US$11.065 billion / +21.5% 37. Industrial Bank Fujian Bank US$10.717 billion/-3.6% 38. Vanke Guangdong Real Estate US$10.462 billion/-20.9% 39. Prudential Hong Kong Insurance US$10.281 billion/+8.0% 40. PowerChina Beijing Engineering and Construction US$10.250 billion/-8.5%
41. Shanghai Pudong Development Bank Bank 9.876 billion US dollars/-10.8% 42. Midea Guangdong Science and Technology 9.075 billion US dollars/-11.6% 43. China National Building Materials Beijing Engineering and Construction 9.053 billion US dollars/+1.6% 44. China Everbright Bank Beijing Bank 8.566 billion US dollars/-13.7% 45. Meituan Beijing retail 8.526 billion US dollars/-15.0% 46. Nongfu Spring Zhejiang Non-alcoholic Beverages 8.306 billion US dollars/+101.9% 47. Luzhou Laojiao Sichuan Spirits US$8.239 billion/+6.4% 48. Alibaba Zhejiang Retail US$7.911 billion/-21.1% 49. China Minsheng Bank Bank of Beijing US$7.669 billion/+1.9% 50. Pinduoduo Shanghai Retail US$7.667 billion/-8.5%
51. China Communications Construction Beijing Engineering Construction US$7.585 billion/-3.5%52, China Resources Land Guangdong Real Estate US$7.293 billion/-8.0% 53, Xinghuacun Fenjiu Shanxi Spirits US$7.237 billion/-13.6% 54, Haier Shandong Science and Technology US$6.567 billion/-15.0% 55, Poly Development Holdings Guangdong Real Estate US$6.401 billion/-21.7% 56, Yanghe Jiangsu Spirits US$6.346 billion/-7.3%57, Xiaomi Beijing Technology US$6.259 billion/-15.7% 58. Gree Guangdong Science and Technology US$5.930 billion/-25.9% 59. SF Express Guangdong Logistics US$5.873 billion/-28.7% 60. China Metallurgical Group Beijing Engineering and Construction US$5.789 billion/-29.3%
61. Country Garden Guangdong Real Estate US$5.728 billion/-35.8% 62. CRRC Beijing Engineering and Construction US$5.641 billion/-13.7% 63. Lenovo Beijing Technology US$5.589 billion/-12.7% 64. CNOOC Beijing Oil & Gas US$5.524 billion/+2.0% 65. China Post Beijing Logistics US$5.485 billion/-13.3% 66. Mengniu Inner Mongolia Food US$5.417 billion/-11.1% 67. China Overseas Land&R Hong Kong Real Estate US$5.219 billion/-34.2% 68. Hikvision Zhejiang Technology US$4.980 billion/-27.0% 69. Chow Tai Fook Hong Kong Apparel US$4.956 billion/-17.1% 70. Bank of Jiangsu Bank of Jiangsu US$4.932 billion/+5.9%
71. Cathay Life Taiwan Insurance US$4.899 billion/+9.1% 72. Greenland Shanghai Real Estate US$4.871 billion/-30.4% 73. Huaxia Bank Bank of Beijing US$4.853 billion/+3.6% 74. Fubon Financial Holding Taiwan Insurance US$4.810 billion/-12.3% 75. Chunghwa Telecom Taiwan Communications US$4.712 billion/-11.4% 76. Longfor Group Beijing Real Estate US$4.666 billion/-44.6% 77. Baidu Beijing Media Culture US$4.625 billion/-30.5% 78. Gujing Gongjiu Anhui Spirits US$4.443 billion/+10.5% 79. BOE Beijing Technology US$4.379 billion/-5.1% 80. Ctrip Shanghai Tourism & Leisure US$4.378 billion/+31.0%
81. Sichuan Road and Bridge Group Sichuan Engineering and Construction US$4.301 billion/+17.2% 82. Snow Beer Beijing Beer US$4.291 billion/+22.4% 83. Haitian Guangdong Food US$4.253 billion/-31.8% 84. Xinhua Insurance Beijing Insurance US$4.244 billion/+5.5% 85. Guangfa Bank Guangdong Bank US$4.192 billion/-2.9% 86. Jiangtong Group Jiangxi Mining and Metals US$4.128 billion/-8.7% 87. China Unicom Beijing Communications US$4.124 billion/-4.2% 88. China Merchants Shekou Guangdong Real Estate US$3.985 billion/-4.0% 89. Anta Fujian Apparel US$3.804 billion/-2.7% 90. ASE Semiconductor Taiwan Technology US$3.762 billion/+35.6%
91. Uni-President Taiwan Food US$3.709 billion/+7.6% 92. Guodian Electric Power Beijing Utilities US$3.705 billion/-15.4% 93. CITIC Securities Guangdong Bank US$3.657 billion/-26.6% 94. Taiwan Big Brother Taiwan Communications US$3.625 billion/+8.8% 95. Sinopharm Beijing Pharmaceutical US$3.554 billion/-5.7% 96. JD Logistics Beijing Logistics US$3.533 billion/+1.0% 97. Vivo Guangdong Technology US$3.525 billion98, Haval Hebei Automobile US$3.509 billion/-34.3% 99, today's headlines Beijing Media and Culture US$3.477 billion/-5.3% 100, Conch Cement Anhui Engineering Construction US$3.474 billion/-5.1%
101, MTR Hong Kong Logistics 102, MediaTek Taiwan Technology 103, Bank of Beijing Bank of Beijing 104, LONGi Green Energy Shaanxi Utilities 105, Pechoin Shanghai Beauty, Daily Necessities 106, Sungrow Anhui Utilities 107, Huaneng International Beijing Utilities 108, Bank of Ningbo Zhejiang Bank 109, CNNC Beijing Engineering and Construction 110, China Cinda Beijing Bank 111, Geely Automobile Zhejiang Automobile 112, Haidilao Sichuan Catering 113, Goertek Shandong Science and Technology 114, Hang Seng Bank, Hong Kong Bank115, Delta Electronics, Taiwan Science and Technology116, Rongsheng Petrochemical, Zhejiang, Chemical Industry117, Bank of Shanghai, Bank of Shanghai, 118, Zheshang Bank, Zhejiang Bank119, Oppo Guangdong, Science and Technology120, Quanta Computer, Taiwan Technology121, Chint Electric, Zhejiang Science and Technology122, Weichai Group, Shandong, Auto Parts123, SAIC Motor, Shanghai Automobiles124, Want Want Food, Taiwan Food125, iQiyi, Beijing, Media Culture126, China Southern Airlines, Guangdong Airlines127, CTBC Commercial Bank, Taiwan Bank128, China Shenhua, Beijing, Mining & Metals129, Bank of Nanjing, Jiangsu Bank130, China Chemical Beijing, Engineering & Construction131, China Baowu, Shanghai, Mining & Metals132, Tsingtao Brewery, Shandong Beer133, Zijin Mining, Fujian, Mining & Metals134, ZTE, Guangdong Technology135, Youku, Beijing, Media & Culture136, Guangzhou Medicine, Guangdong Pharmaceutical137, Lao Fengxiang, Shanghai Apparel138, Techtronic Industries, Hong Kong, Engineering & Construction139, China Eastern Airlines, Shanghai Aviation 140, Yonghui Supermarket, Fujian Retail141, Air China, Beijing Airlines, 142, Changan Automobile, Chongqing Automobile, 143, Master Kong, Tianjin Food, 144, UMC, Taiwan Technology145, Bosideng, Jiangsu, Apparel146, NIO, Shanghai Automobile147, China Taiping, Hong Kong Insurance148, Dianping, Shanghai, Media Culture, 149, Huafa, Guangdong, Real Estate150, Hong Kong Stock Exchange, Hong Kong Stock Exchange
151, Qifu Hong Kong Food 152, iFLYTEK Anhui Science and Technology 153, Greentown China Zhejiang Real Estate 154, Li Beijing Automobile 155, Harbin Beer Heilongjiang Beer 156, Guotai Junan Securities Shanghai Bank 157, Vipshop Guangdong Retail 158, Lufax Shanghai Science and Technology 159, Macau Galaxy Macau Tourism and Leisure 160, Central New Energy Technology Tianjin Public Utilities 161, Huayu Automobile Shanghai Auto Parts 162, Shangri-La Hong Kong Hotel 163, Bank of Hangzhou Zhejiang Bank 164, Kunlun Energy Hong Kong Oil & Gas 165, Dongpeng Beverage Guangdong Non-Alcoholic Beverages 166, Han Guangdong Automobile 167, Shaanxi Construction Engineering Shaanxi Engineering Construction 168, Haitong Securities Shanghai Bank 169, China Re Group Beijing Insurance 170, Sunshine Insurance Zhejiang Insurance 171, TBEA Xinjiang Technology 172, Asus Taiwan Technology 173, Song Guangdong Automobile 174, China Tower Beijing Engineering Construction 175, Great Wall Motor Hebei Automobile 176, Arowana Shanghai Food 177, Hetai Automobile Taiwan Retail178, ZTO Express Shanghai Logistics179, Shanghai Construction Engineering Group, Shanghai Engineering Construction180, Sun Hung Kai Properties, Hong Kong Real Estate181, Xtep, Fujian Apparel182, Shede Sichuan Spirits183, Huishang Bank, Anhui Bank184, Cheung Kong Real Estate185, Xuzhou Construction Machinery Group, Jiangsu, Engineering Construction186, Shuanghui, Henan Food187, Swire Pacific, Hong Kong Business Services188, Galaxy Securities, Beijing Bank189, Sany Heavy Industry, Beijing, Engineering and Construction190, Taiwan Life Insurance 191, Guanghui Auto Service Liaoning Retail192, Huatai Securities Jiangsu Bank 193, New Oriental Beijing Commercial Services 194, Li Ning Beijing Apparel 195, Pou Cheng Industrial Taiwan Apparel 196, GF Securities Guangdong Bank 197, CGN Guangdong Public Utilities 198, Chongqing Rural Commercial Bank Chongqing Bank 199, RT-Mart Taiwan Retail 200, Anhui Construction Engineering Group Anhui Engineering Construction
201, Yunda Express, Shanghai Logistics, 202, Wingtech Technology, Zhejiang Science and Technology, 203, Jiefang, Jilin, Automobile, 204, Sinotrans, Beijing Logistics, 205, China Jinmao, Hong Kong, Real Estate, 206, Wanzhou International, Hong Kong, Food, 207, Weiying Technology, Taiwan, Science and Technology, 208, AVIC, Beijing, Aerospace and Defense, 209, Pegatron, United Technology, Taiwan, Technology210, Joy City, Beijing, Real Estate, 211, Luckin Coffee, Beijing, Catering, 212, Hong Kong Telecom, Hong Kong Communications213, Longyuan Power Group, Beijing Utilities 214, Suning Tesco Jiangsu Retail 215, Shanghai Pharmaceutical Shanghai Pharmaceutical 216, Wanhua Chemical Shandong Chemical 217, JA Solar Shanghai Utilities 218, The Venetian Macao Tourism & Leisure 219, Aluminum Corporation of China Beijing Mining & Metals 220, Shenwan Hongyuan Securities Shanghai Bank 221, Changsha Bank Hunan 222, Datang International Power Generation Beijing Utilities 223, Transsion Holdings Guangdong Science and Technology 224, Shanghai Rural Commercial Bank Bank of Shanghai 225, Hengli Petrochemical Liaoning Chemical Industry 226, SMIC Shanghai Science and Technology 227, CICC Bank of Beijing 228, China Zhejiang Construction Group Zhejiang Engineering Construction 229, Formosa Plastics Petrochemical Taiwan Oil & Gas 230, ENN Hebei Public Utilities 231, Xpeng Guangdong Automobile 232, Dalian Wanda Commercial Real Estate Real Estate 233, Oriental Fortune Shanghai Business Services 234, Jinyu Beijing Engineering Construction 235, Nanya Plastics Taiwan Chemical Industry 236, Bohai Bank Tianjin Bank 237, OCT Guangdong Tourism & Leisure238, Luoyang Luanchuan Molybdenum Group, Henan, Mining & Metals239, Yushan Bank, Taiwan Bank240, Shenzhou International, Zhejiang, Apparel241, Yingjiagongjiu, Anhui Spirits242, Biostime, Guangdong, Food243, Yangtze River Power, Beijing, Public Utilities244, Hengtong Group, Jiangsu, Science & Technology245, Nature, Shanghai Beauty, Daily Necessities246, Bright Dairy, Shanghai Food247, WPG, Taiwan Technology248, Shentong Express, Shanghai Logistics249, China Resources Power, Hong Kong, Utilities250, China COSCO Shipping Beijing Logistics
251, Hengyi Petrochemical, Guangxi, Chemical Industry, 252, Far EasTone Telecommunications, Taiwan, Communications253, Tencent Music, Guangdong, Media Culture, 254, Weibo, Beijing, Media Culture, 255, Wanda Cinemas, Shandong, Tourism and Leisure, 256, China Securities Securities, Bank of Beijing, 257, City of Dreams, Macau, Tourism and Leisure, 258, Cainiao, Zhejiang, Logistics259, Beijing-Shanghai High-speed Railway, Beijing Logistics260, Nanshan Life Insurance, Taiwan Insurance261, Vinda, Guangdong Household Products262, Lens Technology, Hunan Technology, 263, Mega International Commercial Bank, Taiwan Bank 264, GAC Group Guangdong Automobile 265, Sunac Tianjin Real Estate 266, YTO Express Shanghai Logistics 267, Semir Zhejiang Apparel 268, Xiaokang Industry Chongqing Automobile 269, Bank of East Asia Hong Kong Bank 270, Sanqi Mutual Entertainment Guangdong Media Culture 271, Seven Degrees Space Fujian Household Products 272, MSI Technology Taiwan Science and Technology 273, Zoomlion Hunan Engineering Construction 274, Dongfang Shenghong Jiangsu Chemical Industry 275, Tang Guangdong Automobile 276, Bank of Chengdu Sichuan Bank 277, Happy Valley Guangdong Tourism & Leisure 278, Macau Gaming Macau Tourism & Leisure279, China Development & Investment Group Beijing Public Utilities 280, China Merchants Securities Guangdong Bank 281, WT Technology Taiwan Technology 282, Dongfeng Motor Hubei Automobile 283, Hangfa Power Shaanxi Aerospace & Defense 284, Huadian International Power Shandong Utilities 285, Qingyang Shanghai Beauty & Daily Necessities286, Orient Securities Shanghai Bank 287, Piaorou Guangdong Beauty & Daily Necessities 288, Heilan Home Jiangsu Retail 289, China Haitian Service Hebei Oil & Gas 290, Evergreen Shipping Taiwan Logistics 291, Foton Motor Beijing Automobile 292, Yutong Bus Henan Automobile 293, China National Heavy Duty Truck Shandong Automobile 294, New World Development Hong Kong Real Estate 295, China Gas Hong Kong Utilities 296, Bilibili Shanghai Media Culture 297, Cooperative Treasury Bank Taiwan Bank 298, Dongfang Electric Sichuan Technology 299, Wuling Motors Guangxi Automobile 300, AUO Optoelectronics Taiwan Technology
301, Qin, Guangdong, Automobile, 302, Valin Steel, Hunan, Mining & Metals, 303, 361 Degrees, Fujian, Apparel304, First Commercial Bank, Bank of Taiwan305, Zhending Technology Group, Taiwan Technology306, Hisense, Shandong Technology307, R&F Group, Guangdong Real Estate, 308, DJI, Guangdong, Technology309, Xinwangda Electronics, Guangdong Technology310, Yunnan Baiyao, Yunnan Pharmaceutical, 311, Inspur, Shandong Technology312, China General Number, Beijing Logistics, 313, Samsonite, Zhejiang Clothing, 314, Jingyuan International Group Hong Kong Apparel 315, Zhongnan Publishing & Media Group Hunan Media Culture 316, Wing Fung Bank Taiwan Bank 317, Eternal Asia Guangdong Business Services 318, Sailun Shandong Tire 319, Linglong Tire Shandong Tire 320, Shenzhen Airlines Guangdong Airlines 321, Zhongtian Technology Jiangsu Science and Technology 322, Guangzhou Rural Commercial Bank Guangdong Bank 323, Taishin Bank Taiwan 324, Cathay Pacific Hong Kong Airlines 325, Pengding Holdings Guangdong Technology 326, SIPG Shanghai Logistics 327, Guosen Securities Guangdong Bank 328, Logan Guangdong Real Estate 329, Supor Zhejiang Science and Technology 330, Sands Macao Tourism and Leisure 331, Hainan Airlines Hainan Airlines 332, Anker Hunan Science and Technology 333, Hang Seng Electronics Zhejiang Science and Technology 334, Bank of Chongqing Chongqing Bank 335, Henderson Land Hong Kong Real Estate 336, Acer Taiwan Science and Technology 337, Xiamen Airlines Fujian Airlines 338, Century Huatong Zhejiang Media Culture 339, Kuaishou Beijing Media Culture 340, Heart to Heart Fujian Household Products 341, Tongkun Group, Zhejiang Chemical Industry, 342, China Power International Development Co., Ltd., Hong Kong Utilities, 343, 3Trees Coatings, Fujian Coatings344, Zhongshun Jierou, Guangdong Household Products345, Bank of Tianjin, Tianjin Bank346, CLP Group, Hong Kong Utilities, 347, Shimao Group, Shanghai Real Estate, 348, Hua Nan Bank, Taiwan Bank, 349, Changyu Shandong, Champagne, Wine 350, Huaxing Optoelectronics, Guangdong Technology
351, Pearl River Beer, Guangdong Beer352, Advantech, Taiwan Technology353, CMB Wing Lung Bank, Hong Kong Bank354, Zhibang Technology, Taiwan Technology355, Cathay United Bank, Taiwan Bank356, Bank of Zhengzhou, Henan Bank357, Jiangqi Group, Anhui Automobile358, Phoenix Media, Jiangsu Media Culture359, Youngor Zhejiang Apparel360, OOCL Container Lines, Hong Kong Logistics361, Innolux Taiwan Technology362, China Hongqiao Group, Shandong Mining & Metals363, Aier Ophthalmology Hunan Medical Facilities 364, Kerry Logistics Hong Kong Logistics 365, China Reserve Development Tianjin Logistics 366, Hong Kong Broadband Hong Kong Communications 367, Hua Nan Financial Holdings Taiwan Bank 368, Xinxing Electronics Taiwan Technology 369, EVA Air Taiwan Airlines 370, Yuan Guangdong Automobile 371, 360 Beijing Science and Technology 372, Aisid Guangdong Science and Technology 373, Yuntianhua Yunnan Chemical Industry 374, Gaojiesi Shanghai Household Products 375, Donghua Software Beijing Science and Technology 376, Beijing Rural Commercial Bank Beijing Bank 377, Leapmotor Zhejiang Automobile 378, Aerospace Information Beijing Science and Technology 379, Alcoholic Liquor Hunan Spirits 380, Hengshui Laobaigan Hebei Spirits 381, Agile Guangdong Real Estate 382, Harbin Bank Heilongjiang Bank 383, Huya Live Guangdong Media Culture 384, Changdian Technology Jiangsu Technology 385, Perfect World Beijing Media Culture 386, Sino-Ocean Group Beijing Real Estate 387, Tianneng Group Zhejiang Auto Parts 388, Bank of Guiyang Guizhou Bank 389, VTech Hong Kong Technology 390, Joyson Electronics, Zhejiang, Auto Parts, 391, Little Swan, Jiangsu, Science and Technology, 392, Yulon Motors, Taiwan, Automobiles, 393, Six Walnuts, Hebei, Non-Alcoholic Beverages, 394, Vitasoy, Hong Kong, Non-Alcoholic Beverages, 395, Huaxin Technology, Taiwan Technology396, Yonyou Beijing, Science and Technology, 397, China Airlines, Taiwan Airlines, 398, Shanghai Commercial and Savings Bank, Bank of Taiwan, 399, Tongling Nonferrous Metals, Anhui Mining & Metals, 400, Lite-On Technology, Taiwan Technology
401, Yang Ming Shipping, Taiwan Logistics, 402, Bank of Qingdao, Shandong Bank, 403, Huaxia Fortune, Beijing Real Estate, 404, Yanjing Beer, Beijing Beer405, Juneyao Airlines, Shanghai Airlines, 406, Kingsoft Beijing, Science and Technology, 407, Yunnan Copper, Yunnan Mining and Metals, 408, Xuyang, Beijing, Chemical Industry, 409, Qingdao Rural Commercial Bank, Shandong Bank, 410, Huadong Computer, Shanghai Technology, 411, Dali Optoelectronics, Taiwan Technology412, Gemdale Group, Guangdong Real Estate, 413, Jiasda Technology, Taiwan Science & Technology 414, China Conch Entrepreneurship Shanghai Business Services 415, Bank of Suzhou Jiangsu Bank 416, Hailiang Group Zhejiang Mining & Metals 417, Paragon Macau Travel & Leisure 418, Bank of Taiwan Taiwan Bank 419, China Comservice Beijing Technology 420, Winbond Electronics Taiwan Technology 421, Peacebird Zhejiang Apparel 422, Johnson Electric Hong Kong Technology 423, Realtek Semiconductor Taiwan Technology 424, Wanma Zhejiang Technology 425, Fuyao Group Fujian Auto Parts 426, Satellite Chemistry Zhejiang Chemical Industry 427, Shengjing Bank Liaoning Bank 428, TISCO Stainless Shanxi Mining & Metals 429, Wusu Beer Xinjiang Beer 430, Kingboard Laminate Hong Kong Technology 431, Xinfengming Group Zhejiang Chemical Industry 432, Anhui Xinhua Media Anhui Media Culture 433, Huadong Medicine Zhejiang Medicine 434, Bank of Guizhou Guizhou Bank 435, Changshu Rural Commercial Bank Jiangsu Bank 436, Jin Jiang Hotel Shanghai Hotel 437, Neusoft Liaoning Technology 438, Link Hong Kong Real Estate 439, Café de Coral Hong Kong Food & Beverage 440, Euler Hebei Automobile 441, Silicon Precision Industry Taiwan Technology 442, Everbright Securities Shanghai Bank 443, Spring Airlines Shanghai Airlines 444, Shanghai Weir Semiconductor Co., Ltd. Shanghai Science and Technology 445, Tongfu Microelectronics Jiangsu Science and Technology 446, Bank of Dongguan Guangdong Bank 447, Guangdong Electric Power Development Co., Ltd. Guangdong Public Utilities 448, Jiafu Taiwan Retail 449, Shenergy Shanghai Public Utilities 450, Southern Media Guangdong Media Culture
451, AAC Technologies Guangdong Science and Technology 452, Taiwan Enterprise Bank Taiwan Bank 453, Formosa Plastics Group Taiwan Chemical Industry 454, Shenzhen Energy Guangdong Public Utilities 455, TravelSky Beijing Science and Technology 456, Chinese World Publishing and Media Jiangxi Media Culture 457, TCL Central Tianjin Science and Technology 458, Development Financial Holding Taiwan Bank 459, Sugon Tianjin Science and Technology 460, Xuejin Beer Fujian Beer 461, Boss Zhejiang Science and Technology 462, Shandong Gold Shandong Mining and Metals 463, Fiberhome Communications Hubei Science and Technology 464, Mango Supermedia Hunan Media Culture 465, Anshan Iron and Steel Group Liaoning Mining and Metals 466, Wharf Group Hong Kong Real Estate 467, Hanlin Hui Beijing Science and Technology 468, Changhua Bank of Taiwan 469, Gigabyte Technology Taiwan Technology 470, Nandu Power Zhejiang Science and Technology 471, Loncin Chongqing Automobile 472, Beijing Enterprises Water Group Co., Ltd. Beijing Public Utilities 473, Ningbo Tuopu Zhejiang Auto Parts 474, Sinnet Beijing Science and Technology 475, San'an Optoelectronics Fujian Science and Technology 476, China Software International Co., Ltd. Beijing Science & Technology 477, Kerry Properties Hong Kong Real Estate 478, Blue Moon Guangdong Household Products 479, Kingfa Technology Guangdong Chemical Industry 480, Taiwan Land Bank Taiwan Bank 481, Ji Hotel Shanghai 482, Shandong Publishing & Media Co., Ltd. Shandong Media Culture 483, Xiabu Xiabu Beijing Catering 484, Sen Kirin Tire Shandong Tire 485, StarWorld Macau Macau Tourism & Leisure 486, China Food Beijing Food 487, Wanhai Shipping Taiwan Logistics 488, Guangzhou Port, Guangdong Logistics, 489, Studio City, Macau, Tourism and Leisure, 490, Hanting, Shanghai Hotel, 491, Shenzhou Holdings, Hong Kong Technology, 492, CSPC Pharmaceutical Group, Hebei Pharmaceutical, 493, Fosun Pharma, Shanghai Pharmaceutical, 494, Tuming, Shanghai Apparel, 495, Shanshan Group, Zhejiang Public Utilities, 496, Jiangxi Bank, Jiangxi Bank, 497, Taiwan Star, Taiwan Communications498, Hang Lung Properties, Hong Kong Real Estate, 499, TCL Guangdong Technology 500, Shanghai Airport, Shanghai Airport
![Who wrote the "People's Bank of China" on the yuan[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)