China's national electrical power company State Grid, Industrial and Commercial Bank of China, electric appliances leader Haier, internet giant Tencent and insurer China Life have been ranked the country's top five most valuable brands of 2020, according to World Brand Lab.

World Brand Lab released the "China's 500 Most Valuable Brands of 2020" list with an analysis report at the World Brand Summit, which was held in Beijing on August 5. 

Management experts from Harvard University, University of Oxford, University of Cambridge and INSEAD attended the summit and gave online speeches. They had an interactive session on the topic "Bucking in the Trend: How Brands Can Grow in the Face of the Global Pandemic."