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State Grid Corporation of China (SGCC) was established on December 29, 2002. It is a state-owned sole proprietorship directly managed by the central government in accordance with the provisions of the Company Law. It is a mega state-owned key backbone enterprise that is related to the lifeline of the national economy and national energy security. The company takes investing in the construction and operation of power grids as its core business, and undertakes the basic mission of ensuring safe, economic, clean, and sustainable power supply. The company's business area covers 27 provinces (autonomous regions, municipalities directly under the central government), covering over 88% of the land area, and serving a population of over 1.1 billion people. The company has a registered capital of 829.5 billion yuan and total assets of 3808.83 billion yuan. It operates steadily in countries and regions such as the Philippines, Brazil, Portugal, Australia, Italy, Greece, and Hong Kong, China. The company has been rated as an A-level enterprise in the central enterprise performance evaluation for 13 consecutive years. From 2016 to 2017, it ranked second in the Fortune Global 500 and first in the Chinese Fortune 500, making it the world's largest public utility enterprise. In December 2018, the "2018 Top 500 World Brands" compiled by the World Brand Laboratory was released, and State Grid Corporation of China ranked 30th.