China’s second largest steel maker state owned HBIS with a brand value of CNY 129 billion (USD 19) ranked 54th in the total list and the second in the steel industry, with an increase of 27.6%, in World Brand Lab’s 19th China's 500 Most Valuable Brands in 2022 held on 26 July at Bejing. HBIS practices the new development concept, accelerate the pace of industrial upgrading and structural adjustment, deeply promote the construction of green, brand and intelligent, and continuously improve the brand value and social influence of the enterprise. HBIS has fully implemented Mr Xi Jinping Thought on Ecological Civilization, New Development Concept and promotes green, low-carbon and sustainable development of enterprises. HBIS took the lead in issuing the action plan for low-carbon and green development, and formulated the implementation path and technical plan for low-carbon and green development. HBIS will launch the world's first demonstration project for direct reduction of hydrogen rich gas, explore the best way for the world's steel industry to develop a low-carbon or even zero-carbon economy, and contribute to the realization of the double carbon goal. TangSteel and ShiSteel new districts have been put into operation successively, owning a modern coastal steel base and special steel "dream factory", winning strong confidence in facing the future and controlling the future, providing a new model for the transformation and upgrading of traditional iron and steel enterprises. Focusing on the market and customers, HBIS maintains the industry status of China's largest supplier of steel for home appliances and the second largest supplier of steel for automobiles, as well as the leading enterprise of steel for ocean engineering and construction Bridges. World Brand Lab was established in New York in 2003. It is the world's leading independent brand evaluation and marketing strategy consulting organization. It is chaired by Professor Robert Mundell, the Nobel Laureate in economics, as the first chairman. At present, World Brand Lab is recognized as one of the world's three major brand valuation agencies.