https://www.scmp.com/rss/517760/feed China Resources Beer is the listed subsidiary of state-owned China Resources Group. The company focuses on the manufacturing, sales and distribution of beer, operating 63 breweries across China. The company owns and manufactures Snow, which is the bestselling beer brand in the world despite being mostly available only in China. In recent years, the company has sought to diversify its portfolio away from beer, most notably in 2022 when it bought a majority stake in a baijiu maker in Guizhou... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cao Li Cao Li The world’s two largest brewers faced starkly diverging realities in China in 2025 and rather than it being about taste or popularity, the contrast appears to largely boil down to a shift in the nation’s drinking habits, sparked – in part – by the economic downturn. During the year, Budweiser Brewing APAC, the Asian subsidiary of the Belgian beer giant Anheuser-Busch InBev, posted its biggest decline in profit growth since 2020, with the company’s CEO Yanjun Cheng stating last week, “Our... https://www.scmp.com/business/article/3343814/budweiser-and-heineken-face-polar-opposite-fates-china-punters-favour-home-comforts?utm_source=rss_feed https://www.scmp.com/business/article/3343814/budweiser-and-heineken-face-polar-opposite-fates-china-punters-favour-home-comforts?utm_source=rss_feed Wed, 18 Feb 2026 04:00:09 +0000 Zhang Shidong,Julie Zhang Zhang Shidong,Julie Zhang Electric-vehicle battery maker Contemporary Amperex Technology (CATL), copper miner CMOC Group and gold jewellery retailer Laopu Gold will join the Hang Seng Index next month following the latest quarterly review, as the compiler of the city’s stock benchmark pushes ahead with its plan to boost the number of constituent stocks after Hang Seng Bank withdrew its listing status. The three companies will be added to the gauge after the market close on March 6. Chinese car dealer Zhongsheng Group was... https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed Fri, 13 Feb 2026 11:39:30 +0000 Lam Ka-sing Lam Ka-sing Hong Kong’s corporate landscape expanded to unprecedented levels last year, with the total number of local registered companies reaching a record of nearly 1.56 million by the end of 2025. “By the end of 2025, the total number of local companies and redomiciled companies registered under the Companies Ordinance increased by 96,609 compared with 2024, reaching 1,557,103,” the Companies Registry said on Friday, noting that it was “an all-time high figure”. Among the total in 2025, 195,343 were... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3340175/number-registered-companies-hong-kong-reaches-record-156-million-2025?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3340175/number-registered-companies-hong-kong-reaches-record-156-million-2025?utm_source=rss_feed Fri, 16 Jan 2026 09:56:13 +0000 SCMP Editorial SCMP Editorial Two listed firms under China Resources Group are planning to redomicile from the Cayman Islands to Hong Kong. They will follow similar actions by the Hong Kong units of French insurer AXA and Canadian insurer Manulife, both from Bermuda. Thanks to new changes in local law, such redomiciling is becoming a trend and can only be good for corporate business and professional employment in the city. Business 101 usually explains the difference between the domicile of a company and its headquarters.... https://www.scmp.com/opinion/comment/article/3327783/firms-redomiciling-hong-kong-can-only-be-good-business?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3327783/firms-redomiciling-hong-kong-can-only-be-good-business?utm_source=rss_feed Sun, 05 Oct 2025 23:15:12 +0000 Mia Castagnone Mia Castagnone Shares of China Resources Beverage advanced in their trading debut in Hong Kong, as the momentum of initial public offerings (IPO) gathers pace in one of the busiest weeks this year for the local exchange, which may raise up to US$1.3 billion. Listed under the code 2460, CR Beverage changed hands at HK$16.50, a 13.8 per cent jump from its IPO price of HK$14.50, in first trades when chairman Zhang Weitong struck the ceremonial gong to mark the debut with Wang Xiangming, the chairman of its... https://www.scmp.com/business/banking-finance/article/3283450/china-resources-beverage-shares-rise-hong-kong-trading-debut-ipo-momentum-returns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3283450/china-resources-beverage-shares-rise-hong-kong-trading-debut-ipo-momentum-returns?utm_source=rss_feed Wed, 23 Oct 2024 01:42:14 +0000 Yuke Xie Yuke Xie For years, beer brands have been pushing premium products in China, thirsty to tap the consumption power of the growing middle class. But the effort seems to have hit a bottleneck as the world’s second-largest economy grapples with a nationwide spending decline and the number of beer fans shrinks. State-backed China Resources Beer (CR Beer) said on Monday that its overall sales volume declined 3.4 per cent year on year in the first half of 2024 amid a “significant contraction in consumer goods”,... https://www.scmp.com/business/companies/article/3275207/china-beer-market-loses-fizz-spendthrift-drinkers-opt-cheaper-brews?utm_source=rss_feed https://www.scmp.com/business/companies/article/3275207/china-beer-market-loses-fizz-spendthrift-drinkers-opt-cheaper-brews?utm_source=rss_feed Tue, 20 Aug 2024 23:30:10 +0000 Enoch Yiu Enoch Yiu The bottler of one of China’s bestselling water brands is enjoying double happiness, as its fundraising plan in Hong Kong received the go-ahead, while the table tennis teams it sponsors have dominated the winners’ podium at the Paris Olympics. China Resources Beverage (CRB), the country’s second-largest water bottler and producer of such brands as Afternoon tea and Fire coffee, has been approved by the listing committee of the Hong Kong stock exchange for an initial public offering (IPO),... https://www.scmp.com/business/companies/article/3273870/cestbon-water-bottler-gets-nod-us1-billion-hong-kong-ipo-medals-olympic-teams?utm_source=rss_feed https://www.scmp.com/business/companies/article/3273870/cestbon-water-bottler-gets-nod-us1-billion-hong-kong-ipo-medals-olympic-teams?utm_source=rss_feed Fri, 09 Aug 2024 09:00:17 +0000 China Resources Beer Holdings (CR Beer), maker of the world’s bestselling beer, Snow, is paying 12.3 billion yuan (US$1.57 billion) for a 55 per cent stake in a baijiu manufacturer based in Guizhou province, as the brewer seeks to diversify its alcoholic drinks portfolio. The Hong Kong-listed company announced on Tuesday via a filing to the stock exchange that its subsidiary CRWH has entered into an agreement with Yichang Caiyuan and Hubei Yihua, the two biggest shareholders of Guizhou Jinsha... https://www.scmp.com/business/china-business/article/3197237/china-resources-beer-countrys-biggest-brewer-buys-55-cent-stake-local-baijiu-brand-us16-billion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3197237/china-resources-beer-countrys-biggest-brewer-buys-55-cent-stake-local-baijiu-brand-us16-billion?utm_source=rss_feed Tue, 25 Oct 2022 13:52:48 +0000 China Resources Beer, maker of the world’s bestselling beer Snow, said on Friday it is exploring the possibility of acquiring a minority stake in Budweiser APAC, the Asian unit of Belgian-based Anheuser-Busch InBev. “We’re paying close attention to this issue and evaluating its business, but we have yet to decide whether we are interested and if [the acquisition] will fit into the expansion plans for China Resources Beer,” executive director and chief executive Hou Xiaohai said in response to a... https://www.scmp.com/business/china-business/article/3023175/china-resources-beer-explores-possibility-minority-stake?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3023175/china-resources-beer-explores-possibility-minority-stake?utm_source=rss_feed Fri, 16 Aug 2019 11:26:55 +0000 China Resources Beer, the country’s biggest brewer, is planning to raise HK$9.5 billion as it prepares to buy the remaining 49 per cent stake in China Resources Snow Breweries, a joint venture it currently owns with London-based SABMiller. The Chinese state-owned conglomerate said on Wednesday part of the money raised would be used to fund the purchase, that will see CR Beer gain full control of the popular Snow beer brand. The rights issue, likely to be one of the largest in Hong Kong since... https://www.scmp.com/business/companies/article/1986075/china-resources-beer-raise-hk95b-rights-issue-part-fund-sabmiller?utm_source=rss_feed https://www.scmp.com/business/companies/article/1986075/china-resources-beer-raise-hk95b-rights-issue-part-fund-sabmiller?utm_source=rss_feed Wed, 06 Jul 2016 04:25:13 +0000