Companies in the technology, banking and telecom industries have dominated a list of most valuable brands in China compiled based on a study by advertising research agency WPP and Millward Brown.

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Editor's note: Starting this year, May 10 has been earmarked as the "Chinese Brands Day" by the State Council to raise awareness about brands owned by Chinese companies.

Companies in the technology, banking and telecom industries have dominated a list of most valuable brands in China compiled based on a study by advertising research agency WPP and Millward Brown.

The total value of BrandZ Top 100 Chinese Brands hit record levels in 2017, growing 6 percent to reach $557.1 billion in brand value.

Here are the top 10.

No 10 Agricultural Bank of China

Category: Banks

Brand value: $14,848 million

A robot clerk at an Agricultural Bank of China branch in Qingdao, Shandong province. [Photo/VCG]

No 9 Moutai

Category: Alcohol

Brand value: $16,219 million

Workers package China Kweichow Moutai Distillery Co baiju liquor at the company's facility in Renhuai district in Zunyi, Guizhou province, April 7, 2011. [Photo/VCG]

No 8 Ping An

Category: Insurance

Brand value: $16,463 million

Flags with Ping An logo outside the company's office building in Beijing.[Photo/VCG]

No 7 China Construction Bank

Category: Banks

Brand value: $18,398 million

China Construction Bank executives speak at a press conference in Hong Kong as the company released its half-year financial results last year. [Photo/VCG]

No 6 Huawei

Category: Technology

Brand value: $20,383 million

Richard Yu, CEO of Huawei Consumer Business Group, presents the new Huawei Mate 9 high-end-phablet during the Huawei Global Product Launch in Munich, southern Germany, on November 3, 2016. [Photo/Agencies]

No 5 Baidu

Category: Technology

Brand value: $23,886 million

One of the largest internet companies in the world, Baidu offers a range of services, including a search engine and maps. [Photo/VCG]

No 4 ICBC

Category: Banks

Brand value: $31,482 million

The Industrial and Commercial Bank of China building in Buenos Aires, Argentina. [Photo/VCG]

No 3 China Mobile

Category: Telecoms

Brand value: $57,899 million

China Mobile is the world's largest mobile phone operator with more than 800 million customers. [Photo/Agencies]

No 2 Alibaba

Category: Retail

Brand value: $58,009 million

Alibaba's executive chairman Jack Ma delivers a speech at an investor conference at the company's headquarters in Hangzhou, East China's Zhejiang province, June 14, 2016. The e-commerce giant Alibaba owns the renowned online shopping platform Taobao. [Photo/Xinhua]

No 1 Tencent

Category: Technology

Brand value: $106,181 million

Shenzhen-based internet company Tencent has invested in a range of services, including mobile chat service WeChat. [Photo/VCG]