Top domestic brands gaining global recognition for quality

China is fast emerging as brand leader in a wide variety of sectors and many of the leading domestic companies are gaining global recognition for quality, according to a new report from Brand Finance, a London-based brand valuation consultancy.

In its latest 2018 China 300 league table, the consultancy ranked the Industrial and Commercial Bank of China, also known as ICBC, and China Construction Bank, with brand values of $59.2 billion and $56.8 billion respectively, as the most valuable brands in the global banking sector.

Alibaba, Tencent, and Huawei are leading the charge, however, as technology is poised to overtake banking as the ranking's most valuable sector.