https://www.scmp.com/rss/517762/feed Founded in 1929 in Guangzhou, Chow Tai Fook is a jewellery retailer with more than 7,000 stores in mainland China, most of them in the affluent top- and second-tier cities. Beyond mainland China, Hong Kong and Macau, the company has stores in Taiwan, South Korea, Japan, the US and across Southeast Asia. The company began as a goldsmith and transformed the gold trade in 1956 when it introduced its so-called 999.9 gold offering an unprecedented level of purity that became a standard that was... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Divia Harilela Divia Harilela Douglas Young is the co-founder and creative force behind the iconic lifestyle brand Goods of Desire (G.O.D). Bringing humour and creativity, the brand offers home furnishings, fashion and premium gifts with a distinct Hong Kong identity. Who are your top local style icons? David Tang, Josephine Siao, Bruce Lee and Labubu. What has been the city’s best creative export in the last 20 years? Cathay Pacific. They consistently maintain high standards when it comes to design. They are patrons to... https://www.scmp.com/magazines/style/people/icons-influencers/article/3346355/their-words-douglas-young-founder-hong-kong-lifestyle-brand-god?utm_source=rss_feed https://www.scmp.com/magazines/style/people/icons-influencers/article/3346355/their-words-douglas-young-founder-hong-kong-lifestyle-brand-god?utm_source=rss_feed Sat, 14 Mar 2026 11:00:09 +0000 Zhu Wenqian Zhu Wenqian Chow Tai Fook Jewellery Group’s recent launch of a series of high-priced gold-inlaid accessories on the mainland has sparked online debate amid China’s slowing consumer market. Last week, the Hong Kong-listed jeweller showcased several items on its official Weibo account, including a diamond-studded gold AirPods case priced at 788,800 yuan (US$115,000) and gold-inlaid hair clips costing 2,080 yuan each, containing 0.42 grams of gold. The earphone case, made with about 350 grams of gold, was... https://www.scmp.com/business/china-business/article/3346436/all-glitters-goes-viral-chow-tai-fook-unveils-us115000-gold-airpods-case?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346436/all-glitters-goes-viral-chow-tai-fook-unveils-us115000-gold-airpods-case?utm_source=rss_feed Fri, 13 Mar 2026 05:00:09 +0000 Peggy Ye Peggy Ye The surge in gold prices has brought a wave of new investment-focused bullion retailers to Hong Kong’s prime shopping areas, adding a distinct segment alongside traditional jewellery merchants. These retailers – which sell gold coins and bars, rather than ornamental pieces – have taken up ground-floor store spaces that were left vacant during the city’s post-pandemic recovery. Their rapid expansion has been followed by the return of high-end jewellery vendors, a development that has helped... https://www.scmp.com/business/commodities/article/3344102/investment-gold-retailers-move-vacant-hong-kong-high-street-shops-metals-rise?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3344102/investment-gold-retailers-move-vacant-hong-kong-high-street-shops-metals-rise?utm_source=rss_feed Sun, 22 Feb 2026 01:30:14 +0000 Zhu Wenqian Zhu Wenqian In the run-up to Lunar New Year, Chinese consumers were busy choosing gold jewellery, a traditional gift with deep cultural connotations, as strong market sentiment overshadowed sharp fluctuations in gold prices and assessments of the sector’s outlook by investment banks remained upbeat. Jewellers offered small discounts to boost holiday sales. For example, Chow Tai Fook Jewellery Group, China’s largest retailer by store count, launched an 80 yuan (US$12) discount per gram on gold items in its... https://www.scmp.com/business/commodities/article/3343782/strong-lunar-new-year-demand-fuels-chinas-gold-jewellery-market?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3343782/strong-lunar-new-year-demand-fuels-chinas-gold-jewellery-market?utm_source=rss_feed Tue, 17 Feb 2026 06:00:15 +0000 Peggy Sito Peggy Sito In the largest settlement for a Takeovers Code breach in Hong Kong, the Securities and Futures Commission (SFC) has reached an agreement with two wholly owned subsidiaries of Chow Tai Fook Nominee (CTFN) – a company linked to the Henry Cheng Ka-shun family – requiring them to pay up to HK$1.5 billion (US$192 million) to independent shareholders of Giordano International. The agreement with Sino Wealth International, Giordano’s majority shareholder, and Clear Prosper Global followed an... https://www.scmp.com/business/companies/article/3343758/chow-tai-fook-linked-firms-set-record-us192-million-hit-giordano-case?utm_source=rss_feed https://www.scmp.com/business/companies/article/3343758/chow-tai-fook-linked-firms-set-record-us192-million-hit-giordano-case?utm_source=rss_feed Mon, 16 Feb 2026 11:27:47 +0000 Cao Li,Cheryl Arcibal Cao Li,Cheryl Arcibal The potential sale of a stake in New World Development (NWD) to new investors will help the embattled Hong Kong-listed developer improve its balance sheet and liquidity, benefiting creditors and shareholders alike, according to analysts. It was reported earlier that New York-based private equity giant Blackstone was interested in investing in NWD, which could take the form of “shareholder loans or direct equity financing, as well as offloading noncore investment properties”, said Jeff Zhang, an... https://www.scmp.com/business/article/3341740/nwd-says-parent-approached-investors-after-report-links-blackstone-stake-sale?utm_source=rss_feed https://www.scmp.com/business/article/3341740/nwd-says-parent-approached-investors-after-report-links-blackstone-stake-sale?utm_source=rss_feed Thu, 29 Jan 2026 16:24:38 +0000 Aileen Chuang Aileen Chuang Chow Tai Fook Enterprises (CTFE), the parent of embattled New World Development (NWD), will keep pursuing deals that create “win-win outcomes”, chairman Henry Cheng Kar-shun said as he revealed the private investment holding company’s philosophy for the first time. While all investors love to talk about mutual benefit, Cheng told the Post – in his first statement to the media in more than two years – that it was more than pretty words for CTFE. The organisation ran with the discipline of an... https://www.scmp.com/business/companies/article/3340314/chow-tai-fooks-henry-cheng-reveals-hong-kong-empires-win-win-investment-philosophy?utm_source=rss_feed https://www.scmp.com/business/companies/article/3340314/chow-tai-fooks-henry-cheng-reveals-hong-kong-empires-win-win-investment-philosophy?utm_source=rss_feed Sun, 18 Jan 2026 23:00:15 +0000 Mia Nurmamat Mia Nurmamat As the Chinese zodiac’s Year of the Horse approaches, distiller Kweichow Moutai has released a limited promotional line of its baijiu sorghum liquor commemorating the occasion as it seeks to bounce back from a prolonged sales slump – a marketing strategy being adopted by several brands in China as they look to give their revenues a festive boost. On Tuesday, Moutai launched three limited Year of the Horse editions priced between 1,899 yuan and 3,789 yuan (US$272 to US$542) a bottle. The company... https://www.scmp.com/economy/china-economy/article/3339334/horse-power-chinese-brands-look-boost-sales-lunar-new-year-items?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3339334/horse-power-chinese-brands-look-boost-sales-lunar-new-year-items?utm_source=rss_feed Sat, 10 Jan 2026 08:00:14 +0000 Priya Raj Priya Raj There have been whispers in the world of luxury that wellness and spirituality will be the industry’s next guiding themes. While traditionalists in Europe might still be making up their minds about this marriage, it’s already integral in Asia. “In Chinese culture, the idea of harmony between body and mind [is] deeply valued. People believe that natural materials carry energy and vitality from the Earth, helping restore calm and balance,” explains Sissi Xu, managing director, Greater China, at... https://www.scmp.com/magazines/style/luxury/jewellery/article/3337306/how-asian-culture-and-mindfulness-are-reshaping-luxury-jewellery-design?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/jewellery/article/3337306/how-asian-culture-and-mindfulness-are-reshaping-luxury-jewellery-design?utm_source=rss_feed Sat, 27 Dec 2025 23:00:11 +0000 Peggy Ye Peggy Ye Rosewood Hotel Group said on Friday it was pushing ahead with its global expansion, announcing new openings including its first ski resort, just days after sources said Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), had no plans to sell the prized asset. The privately owned hotel operator said Rosewood Courchevel Le Jardin Alpin, an alpine resort in the French Alps, opened on schedule,... https://www.scmp.com/business/article/3337028/rosewood-presses-ahead-global-expansion-after-sources-say-hotel-brand-not-sale?utm_source=rss_feed https://www.scmp.com/business/article/3337028/rosewood-presses-ahead-global-expansion-after-sources-say-hotel-brand-not-sale?utm_source=rss_feed Fri, 19 Dec 2025 07:10:16 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-based Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), has no plans to sell its prized Rosewood brand, according to sources familiar with the matter. “Rosewood has delivered exceptional results in recent years and is one of the family’s most cherished luxury hotel brands,” a source said. The group’s properties were operating as usual, with strategic investments in nearly 30... https://www.scmp.com/business/article/3336121/rosewood-hotel-brand-hong-kongs-chow-tai-fook-not-sale-sources-say?utm_source=rss_feed https://www.scmp.com/business/article/3336121/rosewood-hotel-brand-hong-kongs-chow-tai-fook-not-sale-sources-say?utm_source=rss_feed Fri, 12 Dec 2025 01:41:35 +0000 Cheryl Arcibal Cheryl Arcibal Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian utility Alinta Energy to a Singapore-based group for A$6.5 billion (US$4.3 billion). Sembcorp Industries will acquire 100 per cent ownership of Alinta and its units, as well as Latrobe Valley Power (LVP) and its subsidiaries, from Pioneer Sail Holdings, which is owned by CTFE and Pioneer Sail Singapore, according to Sembcorp’s filing with the Singapore stock... https://www.scmp.com/business/article/3336115/chow-tai-fook-sells-australian-energy-assets-singapore-group-us43-billion?utm_source=rss_feed https://www.scmp.com/business/article/3336115/chow-tai-fook-sells-australian-energy-assets-singapore-group-us43-billion?utm_source=rss_feed Thu, 11 Dec 2025 14:00:13 +0000 Cao Li Cao Li At the newly opened Laopu Gold store in Hong Kong’s IFC Mall, it was quiet on a weekday afternoon. The barriers at the entrance, the spacious lounge and private rooms inside all exude the luxury image the brand aspires to project. A few days ago, long queues were seen before the shop’s opening, with some arriving hours earlier to secure a chance to buy gold jewellery at a discount as part of its inaugural promotion. The Beijing-based jeweller has defied China’s sluggish consumption trend, in... https://www.scmp.com/business/companies/article/3330274/how-chinese-jeweller-laopu-gold-has-become-luxury-phenomenon?utm_source=rss_feed https://www.scmp.com/business/companies/article/3330274/how-chinese-jeweller-laopu-gold-has-become-luxury-phenomenon?utm_source=rss_feed Sun, 26 Oct 2025 01:30:21 +0000 Julie Zhang Julie Zhang Chinese electric-vehicle maker Li Auto’s founder and CEO Li Xiang topped Hong Kong’s paid director ranking for 2024 with a total remuneration package of about HK$680 million (US$87.4 million). According to the latest director pay league table published by Webb-site on Sunday, the financial data platform founded by corporate governance activist David Webb, Li’s HK$679.78 million package was made up of HK$676.78 million in stock options and a HK$2.83 million base salary. The ranking table analysed... https://www.scmp.com/business/china-business/article/3328757/li-auto-ceo-tops-hong-kongs-highest-paid-directors-list-2024-webb-site?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3328757/li-auto-ceo-tops-hong-kongs-highest-paid-directors-list-2024-webb-site?utm_source=rss_feed Mon, 13 Oct 2025 04:46:07 +0000 Cannix Yau Cannix Yau Hongkongers are rushing to gold stores to buy and sell the precious metal, which has surged by nearly 50 per cent this year to record high prices. Analysts suggest that many investors are seeking a trusted asset to guard against currency devaluation amid global uncertainties. At Lee Cheong Gold Dealers in Sheung Wan on Friday, a steady stream of customers entered the store to trade gold and other precious metals. Many of them told the Post they wanted to diversify their asset portfolio and... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328594/gold-fever-sweeps-hong-kong-investors-hedge-against-inflation-amid-record-rally?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328594/gold-fever-sweeps-hong-kong-investors-hedge-against-inflation-amid-record-rally?utm_source=rss_feed Fri, 10 Oct 2025 14:06:51 +0000 Paul McNamara Paul McNamara World champion fencer Ryan Choi Chun-yin has said he would rely on his characteristic brand of “craziness and consistency” to try to create a National Games “miracle”. Choi celebrated his 28th birthday on Thursday by attending an unveiling of the medal designs for next month’s Games. The foilist has enjoyed a golden 2025, claiming the Shanghai Grand Prix title and Asian Championships gold before he became Hong Kong’s first fencing world champion in July. “Honestly, I think it’s impossible to win... https://www.scmp.com/sport/hong-kong/article/3328420/hong-kongs-crazy-consistent-ryan-choi-aiming-national-games-miracle?utm_source=rss_feed https://www.scmp.com/sport/hong-kong/article/3328420/hong-kongs-crazy-consistent-ryan-choi-aiming-national-games-miracle?utm_source=rss_feed Fri, 10 Oct 2025 00:00:24 +0000 Enoch Yiu Enoch Yiu Since the beginning of the year, Kelvin Siu and his fiancée had waited for gold prices to decline before buying jewellery for their wedding. Last week, they finally pulled the trigger to purchase, as gold prices continued to climb to fresh highs. “We had no choice but to buy the gold dragon and phoenix bracelets and other jewellery last week because our wedding day is getting close,” said Siu, who has booked his wedding in December. Gold prices, which have surged more than 48 per cent this year... https://www.scmp.com/business/china-business/article/3327545/hong-kong-mainland-consumers-adapt-gold-price-surge-amid-wedding-jewellery-demand?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3327545/hong-kong-mainland-consumers-adapt-gold-price-surge-amid-wedding-jewellery-demand?utm_source=rss_feed Thu, 02 Oct 2025 02:30:11 +0000 Daniel Ren Daniel Ren Adrian Cheng Chi-kong has launched a new business focused on “transformative industries”, including culture and healthcare, nearly three months after the third-generation scion of New World Development (NWD) left the company. His new enterprise, ALMAD Group, will target markets in Southeast Asia and the Middle East, as well as mainland China, with a mission to break “boundaries in digital and virtual assets”, it said in a statement. The group owns the “K11 by AC” brand. “We are living in an era... https://www.scmp.com/business/china-business/article/3326255/adrian-cheng-sharpens-focus-transformative-industries-under-new-firm-almad-group?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3326255/adrian-cheng-sharpens-focus-transformative-industries-under-new-firm-almad-group?utm_source=rss_feed Sun, 21 Sep 2025 01:00:16 +0000 Julie Zhang Julie Zhang Adrian Cheng Chi-kong is no longer a director of New World Development parent company Chow Tai Fook Enterprises (CTFE), cutting the last tie that connected the former heir apparent to one of the city’s most powerful business empires. His name is no longer listed as a director, according to the Hong Kong Companies Registry, the government body responsible for the incorporation and regulation of companies. It did not indicate when he stepped down from the post. CTFE did not respond to requests for... https://www.scmp.com/business/china-business/article/3324290/adrian-cheng-exits-chow-tai-fook-director-role-his-last-tie-hong-kong-family-empire?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3324290/adrian-cheng-exits-chow-tai-fook-director-role-his-last-tie-hong-kong-family-empire?utm_source=rss_feed Thu, 04 Sep 2025 05:15:13 +0000 Sheena Khemaney Sheena Khemaney Japanese actress Nana Komatsu commanded the most attention at Chanel’s Reach for the Stars high jewellery global launch in Kyoto recently. The French maison exhibited 109 high jewellery pieces, referencing the founder’s background, and featuring comets, wings and lions as central motifs. At the gala event, Komatsu was seen wearing a black lace gown with the Take My Breath Away necklace, bracelet and ring – sophisticated pieces crafted from pink gold, white gold, natural polished diamonds and... https://www.scmp.com/magazines/style/luxury/jewellery/article/3321862/how-style-japanese-actress-nana-komatsu-chanels-high-jewellery-launch?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/jewellery/article/3321862/how-style-japanese-actress-nana-komatsu-chanels-high-jewellery-launch?utm_source=rss_feed Fri, 15 Aug 2025 22:00:14 +0000 Francesca Fearon Francesca Fearon At the recent unveiling of high jewellery collections in Paris, yellow gold glowed brightly. And well it might, since the value of gold has soared 40 per cent in the past year. Luxury brands such as Messika, Louis Vuitton, Pomellato, Hermès, Repossi and Dries Criel have taken a shine to the precious yellow metal, making bold modern design statements as if to celebrate its increased value. People like gold. We have been engaged with it for over 6,000 years and it has long been considered a safe... https://www.scmp.com/magazines/style/luxury/jewellery/article/3319403/jewellers-and-investors-all-glitters-gold-hermes-pomellato-and-chow-tai-fook-are-betting-gold?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/jewellery/article/3319403/jewellers-and-investors-all-glitters-gold-hermes-pomellato-and-chow-tai-fook-are-betting-gold?utm_source=rss_feed Thu, 24 Jul 2025 08:00:19 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Tuesday after China’s second-quarter economic growth came in above expectations. The Hang Seng Index closed 1.6 per cent higher at 24,590.12, adding to the 0.3 per cent increase on Monday. The Hang Seng Tech Index rose 2.8 per cent. On the mainland, the Shanghai Composite Index slipped 0.5 per cent, while the CSI 300 Index was little changed. E-commerce giant Alibaba Group Holding added 7 per cent to HK$113.50, while online games provider NetEase rose 3.4 per cent to... https://www.scmp.com/business/china-business/article/3318218/hong-kong-stocks-surge-chinas-second-quarter-growth-exceeds-expectations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3318218/hong-kong-stocks-surge-chinas-second-quarter-growth-exceeds-expectations?utm_source=rss_feed Tue, 15 Jul 2025 02:45:39 +0000 Zhang Shidong Zhang Shidong Investors on the mainland showed a strong appetite for Hong Kong stocks in the first half of 2025 via the southbound channel of the Stock Connect programme, putting purchases on track to reach a record that was set last year. Mainland buying of Hong Kong stocks reached HK$731.2 billion (US$93 billion) in the first half of the year, according to data from the Hong Kong bourse and Bloomberg on Monday. Last year, southbound net purchases reached HK$808 billion, a record since the programme started... https://www.scmp.com/business/china-business/article/3316369/mainland-investors-track-beat-hong-kong-stock-buying-record-set-2024?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3316369/mainland-investors-track-beat-hong-kong-stock-buying-record-set-2024?utm_source=rss_feed Mon, 30 Jun 2025 23:30:08 +0000 Cao Li Cao Li The Hong Kong Academy for Wealth Legacy (HKAWL), chaired by Adrian Cheng Chi-kong, launched a web portal on Tuesday to connect wealthy families with philanthropic initiatives, giving them access to high-impact projects. The Impact Link Online Portal (iLink) will serve as a repository for philanthropic projects that wealthy families can participate in, as well as an online community where they can connect and learn from one another, said Cheng, a former CEO of Hong Kong property giant New World... https://www.scmp.com/business/money/wealth/article/3314790/hong-kong-wealth-legacy-academys-new-portal-connects-rich-families-charitable-work?utm_source=rss_feed https://www.scmp.com/business/money/wealth/article/3314790/hong-kong-wealth-legacy-academys-new-portal-connects-rich-families-charitable-work?utm_source=rss_feed Tue, 17 Jun 2025 10:00:33 +0000 Bloomberg Bloomberg Chow Tai Fook Jewellery Group is seeking HK$7.85 billion (US$1 billion) from the sale of one of Hong Kong’s biggest convertible bonds this year. The convertible bonds, denominated in Hong Kong dollars, will be due around the end of June 2030, and will carry a coupon of zero to 0.5 per cent payable semiannually, according to the terms of the deal seen by Bloomberg News. Proceeds will be used for the jewellery business and general working capital, according to the terms. Chow Tai Fook, which... https://www.scmp.com/business/banking-finance/article/3314638/chow-tai-fook-jewellery-plans-one-hong-kongs-biggest-bond-sales-year?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3314638/chow-tai-fook-jewellery-plans-one-hong-kongs-biggest-bond-sales-year?utm_source=rss_feed Mon, 16 Jun 2025 12:28:13 +0000 Cao Li Cao Li Hong Kong stocks rose for a fourth day amid signs of capital inflows, as foreign investors bought local assets and prepared funds for new stock offerings, which helped push the city’s dollar to the strong end of its trading band. The Hang Seng Index rose by 0.7 per cent to close at 22,662.71 on Tuesday. The Hang Seng Tech Index dropped 0.1 per cent. On the mainland, the CSI 300 Index closed with a 1 per cent gain, while the Shanghai Composite Index added 1.1 per cent. Local markets were closed... https://www.scmp.com/business/article/3309179/hong-kong-stocks-rise-optimism-about-foreign-investors-buying-local-assets?utm_source=rss_feed https://www.scmp.com/business/article/3309179/hong-kong-stocks-rise-optimism-about-foreign-investors-buying-local-assets?utm_source=rss_feed Tue, 06 May 2025 02:24:58 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Friday along with other major Asia-Pacific markets on optimism the US Federal Reserve could cut rates sooner than anticipated, while ignoring the noise surrounding US-China tariff talks. Beijing’s announcement to take proactive fiscal policies and loosen monetary policies also helped sentiment. The Hang Seng Index closed 0.3 per cent higher at 21,980.74 after rising as much as 1.6 per cent. The benchmark’s 2.7 per cent gain this week was its best weekly performance since... https://www.scmp.com/business/china-business/article/3307852/hong-kong-stocks-rise-federal-reserve-rate-cut-hopes?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3307852/hong-kong-stocks-rise-federal-reserve-rate-cut-hopes?utm_source=rss_feed Fri, 25 Apr 2025 02:50:06 +0000 Bloomberg Bloomberg New World Development plans to sweeten the terms of two loans it is seeking, using a prized asset that it has already pledged as collateral for another facility, people familiar with the matter said this week. Under the revised terms for the two loans, which total HK$87.5 billion (US$11.2 billion), the Hong Kong developer would offer the Victoria Dockside complex as a second-ranking security to banks, adding it to the approximately 40 other properties already in the collateral pool, the people... https://www.scmp.com/business/banking-finance/article/3304764/new-world-development-plans-sweetening-terms-two-loans-it-seeking?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3304764/new-world-development-plans-sweetening-terms-two-loans-it-seeking?utm_source=rss_feed Tue, 01 Apr 2025 09:39:06 +0000 Yuke Xie Yuke Xie Laopu Gold, a Beijing-based jeweller known for its handmade accessories, has emerged as a favourite among affluent consumers, as global luxury brands like Louis Vuitton and Gucci grapple with tepid consumer spending in China and sluggish sales across the region. With just 36 stores in Greater China, the Hong Kong-listed company sold 3.5 billion yuan (US$482.7 million) worth of pure gold and gem-set jewellery in the first half of 2024, up 148 per cent from a year earlier, according to its interim... https://www.scmp.com/business/companies/article/3297963/laopu-golds-jewellery-selling-hot-cakes-despite-tepid-consumer-spending-china?utm_source=rss_feed https://www.scmp.com/business/companies/article/3297963/laopu-golds-jewellery-selling-hot-cakes-despite-tepid-consumer-spending-china?utm_source=rss_feed Mon, 10 Feb 2025 02:30:07 +0000 Yuke Xie Yuke Xie New World Development (NWD) has sold its stake in Hong Kong’s largest sports infrastructure project to parent Chow Tai Fook Enterprises (CTFE), as the developer takes steps to rein in debt after posting its biggest-ever loss. NWD sold a 100 per cent equity interest in New World Sports Development, the developer of Kai Tak Sports Park (KTSP), for HK$416.7 million (US$53.5 million) along with a HK$680 million loan to CTFE, the company said in a filing to the Hong Kong stock exchange late on... https://www.scmp.com/business/article/3288574/new-world-development-sells-hong-kong-sports-park-stake-parent-tackle-debt?utm_source=rss_feed https://www.scmp.com/business/article/3288574/new-world-development-sells-hong-kong-sports-park-stake-parent-tackle-debt?utm_source=rss_feed Thu, 28 Nov 2024 22:30:08 +0000 It’s hard to remember a time when China wasn’t the world’s largest luxury-goods market. The phenomenon may be relatively new – the country experienced rapid growth in recent years only and major international luxury behemoths didn’t arrive on the mainland until the 1990s – but Chinese consumers’ appetite for luxury goods dates back centuries. An affection for gold in particular, which the Chinese associate with wealth, weddings and good fortune, is deeply rooted in their historic love affair... https://www.scmp.com/magazines/style/luxury/jewellery/article/3284548/chow-tai-fook-celebrated-its-95th-anniversary-show-stopping-event-rosewood-beijing-which-proved-how?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/jewellery/article/3284548/chow-tai-fook-celebrated-its-95th-anniversary-show-stopping-event-rosewood-beijing-which-proved-how?utm_source=rss_feed Thu, 31 Oct 2024 04:00:13 +0000 A New York court has awarded a Bahamas-based property-management company US$1.6 billion against China Construction America (CCA) in a long-running legal dispute over a massive tourism project in the former British colony, according to a decision released on Monday. The case won by BML Properties Ltd involved a disagreement over Baha Mar, a 1,000-acre (404.7 hectare) project that included three hotels totalling some 2,200 rooms, more than 280 private residences, a 9,300-square-metre... https://www.scmp.com/news/china/article/3283301/us-court-awards-bahamas-firm-us16-billion-case-against-china-construction-america?utm_source=rss_feed https://www.scmp.com/news/china/article/3283301/us-court-awards-bahamas-firm-us16-billion-case-against-china-construction-america?utm_source=rss_feed Mon, 21 Oct 2024 22:20:18 +0000 In more ways than one, the Rouge collection by Chow Tai Fook, the Hong Kong heritage brand celebrating its 95th anniversary this year, reflects the very best attributes of the city which the legacy jewellery company has called home all these years. At once cosmopolitan, contemporary, and effortlessly and timelessly stylish; and one could say the very same about Chow Tai Fook Jewellery Group’s creative director of high jewellery, Nicholas Lieou, who brings a range of international experiences to... https://www.scmp.com/magazines/style/luxury/jewellery/article/3263957/style-edit-hong-kong-jewellers-chow-tai-fooks-creative-director-nicholas-lieou-aims-global-audience?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/jewellery/article/3263957/style-edit-hong-kong-jewellers-chow-tai-fooks-creative-director-nicholas-lieou-aims-global-audience?utm_source=rss_feed Mon, 27 May 2024 02:00:27 +0000 Chow Tai Fook Jewellery Group has unveiled a plan to rejuvenate its nearly 100-year-old brand, renovate thousands of stores in mainland China and Hong Kong and strengthen online sales to up its game amid economic headwinds. The Hong Kong-listed jewellery chain on Thursday revealed its ambitions to transform its operations in the next five years to “set the course of the group’s future” and drive growth. Sonia Cheng Chi-man, the group vice-chairwoman, said the upgrades, of which the cost has not... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3259421/jewellery-retailer-chow-tai-fook-plans-rejuvenate-brand-renovate-8000-stores-mainland-china-and-hong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3259421/jewellery-retailer-chow-tai-fook-plans-rejuvenate-brand-renovate-8000-stores-mainland-china-and-hong?utm_source=rss_feed Thu, 18 Apr 2024 04:25:30 +0000 There’s a reason why diamond jewellery tops wish lists every Christmas. A potential future heirloom to be passed down for generations, gifting a beautifully crafted diamond is the ideal way to express your commitment and devotion to another. Precious and rare, diamonds are the stand-out symbol of your love and affection this, and any, holiday season. Diamond expert Chow Tai Fook extols the beauty and power of diamonds taken “from Earth to Heart” in its newest collections, which invite wearers... https://www.scmp.com/magazines/style/luxury/jewellery/article/3244213/style-edit-chow-tai-fooks-lodestar-diamond-collection-pays-tribute-love-constant-guiding-star-while?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/jewellery/article/3244213/style-edit-chow-tai-fooks-lodestar-diamond-collection-pays-tribute-love-constant-guiding-star-while?utm_source=rss_feed Fri, 08 Dec 2023 02:00:28 +0000 A top executive of jewellery retailer Chow Tai Fook and a member of Hong Kong’s affluent Cheng clan that controls the property developer New World Development denied rumours of a family rift over succession plans. At a press conference on Thursday to announce Chow Tai Fook’s interim results, vice-chairman Conroy Cheng Chi-heng categorically denied rumours of family discord or property disputes. Conroy Cheng is also the nephew of Henry Cheng Kar-shun, the patriarch and chairman of Chow Tai Fook... https://www.scmp.com/business/companies/article/3242635/chow-tai-fook-executive-denies-rumours-family-rift-after-patriarch-henry-chengs-succession-interview?utm_source=rss_feed https://www.scmp.com/business/companies/article/3242635/chow-tai-fook-executive-denies-rumours-family-rift-after-patriarch-henry-chengs-succession-interview?utm_source=rss_feed Thu, 23 Nov 2023 14:06:36 +0000 Chow Tai Fook Jewellery Group, China’s largest jewellery retailer, is moving into smaller, less affluent cities in the mainland to pursue growth as retail spending falters in the world’s biggest consumer market. Young consumers in lower-tier cities have demonstrated an increasing penchant for gold and diamonds, and the time is right to set up stores there to tap the burgeoning demand, said managing director Kent Wong Siu-kee. “We found that some of the customers would travel from their hometowns... https://www.scmp.com/business/china-business/article/3224403/hong-kong-listed-chow-tai-fook-jewellery-targets-mainland-chinas-smaller-cities-tap-young-consumers?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3224403/hong-kong-listed-chow-tai-fook-jewellery-targets-mainland-chinas-smaller-cities-tap-young-consumers?utm_source=rss_feed Sun, 18 Jun 2023 03:30:18 +0000 Most Hong Kong stocks logged a second winning week after a report showing tame inflation stoked bets policymakers in Beijing will ease policies to shore up economic recovery. Chow Tai Fook Jewellery surged by the most in a month on special dividends. The Hang Seng Index rose 0.5 per cent to a near a two-week high of 19,389.95 at the closing of Friday trading. The index chalked up 2.3 per cent of gain for the week, the most since May 4. The Tech Index lost gained 1 per cent, while the Shanghai... https://www.scmp.com/business/markets/article/3223470/hong-kong-stocks-set-2nd-weekly-gain-markets-await-china-policy-tonic-while-chow-tai-fook-rallies?utm_source=rss_feed https://www.scmp.com/business/markets/article/3223470/hong-kong-stocks-set-2nd-weekly-gain-markets-await-china-policy-tonic-while-chow-tai-fook-rallies?utm_source=rss_feed Fri, 09 Jun 2023 02:38:10 +0000 China Tourism Group Duty Free and Chow Tai Fook Jewellery led a rally in Chinese offshore stocks as an MSCI rebalancing exercise coincided with bullish market sentiment to push the duo and 32 other companies on to the investment radar of index-tracking investors. The New York-based global index compiler adjusted its MSCI China All Shares Index by adding 34 stocks and removing 39, making China Tourism Group Duty Free and Chow Tai Fook the two biggest winners in the semi-annual index rebalancing... https://www.scmp.com/business/china-business/article/3201685/ctg-duty-free-and-chow-tai-fook-profit-msci-index-rebalancing-coincides-rally-fanned-feds-rate-view?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3201685/ctg-duty-free-and-chow-tai-fook-profit-msci-index-rebalancing-coincides-rally-fanned-feds-rate-view?utm_source=rss_feed Thu, 01 Dec 2022 08:55:56 +0000 A diamond ring can signal joy, love, commitment and, maybe these days, environmental awareness. Global demand for ethically sourced and environmentally sound jewellery is growing steadily, and big names – from the world-famous Tiffany brand to the Asia-based Chow Tai Fook group – have developed deep sustainable jewellery policies. Still, while the tide of consumer demand seems to be turning, miners around the world continue to wreak havoc on ecosystems and exploit vulnerable communities. Usually... https://www.scmp.com/lifestyle/fashion-beauty/article/3148304/luxury-brands-pivot-sustainable-jewellery-consumers-demand?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3148304/luxury-brands-pivot-sustainable-jewellery-consumers-demand?utm_source=rss_feed Sun, 12 Sep 2021 20:15:11 +0000 Shares of Chow Tai Fook Jewellery jumped to the highest level in seven years while medical and clinical research firm Pharmaron Beijing led winners among Chinese companies that were added by MSCI to its family of global indices following a semi-annual review this week. The jeweller, controlled by one of Hong Kong’s richest families, jumped 6.2 per cent in Hong Kong to HK$13.12 for its biggest one-day gain in three months. Pharmaron climbed 4.6 per cent to 172.38 yuan in Shenzhen, while its... https://www.scmp.com/business/companies/article/3133177/chow-tai-fook-surges-seven-year-high-asm-pacific-slumps-after?utm_source=rss_feed https://www.scmp.com/business/companies/article/3133177/chow-tai-fook-surges-seven-year-high-asm-pacific-slumps-after?utm_source=rss_feed Wed, 12 May 2021 07:57:07 +0000 In the Victoria Dockside development on Hong Kong’s harbourfront are two very different iterations of the Chow Tai Fook brand. Down in the basement of the K11 Musea mall is one of the jewellery retailer’s many stores – a reassuring, somewhat predictable sight at malls in Hong Kong and across China. On an upper floor, meanwhile, is a VIP showroom, all airlock doors, sensational harbour views, five-star hotel decor and lavish display cases. It’s an illustration of the range of customers the... https://www.scmp.com/lifestyle/fashion-beauty/article/3117846/how-chow-tai-fook-became-one-biggest-gold-and-jewellery?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3117846/how-chow-tai-fook-became-one-biggest-gold-and-jewellery?utm_source=rss_feed Sat, 16 Jan 2021 04:15:21 +0000 In recent years, Chow Tai Fook has taken notice of the growing popularity of e-commerce and began integrating digital technology into the jewellery shopping experience. The 91-year-old business, long known for its network of stores across mainland China, has since evolved into an industry-leading omni-channel jewellery retailer that seamlessly combines online-to-offline (O2O) services. When the Covid-19 pandemic began to change consumer habits dramatically, Chow Tai Fook’s focus on digital... https://www.scmp.com/magazines/style/presented/topics/curations/article/3114825/curations-diamonds-go-digital-chow-tai?utm_source=rss_feed https://www.scmp.com/magazines/style/presented/topics/curations/article/3114825/curations-diamonds-go-digital-chow-tai?utm_source=rss_feed Tue, 22 Dec 2020 02:00:11 +0000 Shares of Chow Tai Fook Jewellery Group soared Friday as investors looked past disappointing yearly results to bet on the huge jewellery retailer’s comeback strategy of continued expansion in mainland China and cost-cutting in Hong Kong and Macau. Its mainland operations “severely suffered” due to the coronavirus in the year through March 31, but China’s largest jewellery retailer said “we have seen signs of recovery as the business in Mainland China resumes”. Sales have been helped by... https://www.scmp.com/business/money/markets-investing/article/3088780/chow-tai-fook-jewellery-shares-soar-investors-look?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/3088780/chow-tai-fook-jewellery-shares-soar-investors-look?utm_source=rss_feed Fri, 12 Jun 2020 07:41:54 +0000 Hong Kong-listed Chow Tai Fook Jewellery Group, the world's second-largest jewellery retailer by market value, has acquired mainland Chinese retailer Enzo Jewelry for an undisclosed amount, four days after announcing plans to shut a fifth of its shops in Hong Kong. The acquisition is in line with CTF’s focus on expanding in mainland China, a spokesperson said. “Enzo can leverage Chow Tai Fook’s retail and industry know-how to generate greater value to its customers,” Adrian Cheng, its executive... https://www.scmp.com/business/article/3046618/hong-kongs-chow-tai-fook-worlds-second-largest-jewellery-retailer-kicks?utm_source=rss_feed https://www.scmp.com/business/article/3046618/hong-kongs-chow-tai-fook-worlds-second-largest-jewellery-retailer-kicks?utm_source=rss_feed Sat, 18 Jan 2020 00:00:21 +0000 Chow Tai Fook Jewellery Group and Sa Sa International are planning to shut about one-fifth of their stores in protest-hit Hong Kong in the coming months and focus on growing their presence in the mainland China market, suggesting a slump in local retail sales is not about the reverse soon. The world’s second-largest jewellery chain by market value has leases on more than 40 of its stores in Hong Kong expiring between April 2020 and March 2021, a spokesperson said in an email late Tuesday. The... https://www.scmp.com/business/companies/article/3046170/chow-tai-fook-shut-protest-hit-stores-sign-hong-kongs-retail?utm_source=rss_feed https://www.scmp.com/business/companies/article/3046170/chow-tai-fook-shut-protest-hit-stores-sign-hong-kongs-retail?utm_source=rss_feed Wed, 15 Jan 2020 06:03:33 +0000 Hong Kong’s billionaire Cheng family, which controls a real estate and jewellery empire, is exploring a bid for European fuel supplier Varo Energy, people with knowledge of the matter said. The companies have held talks about a deal that could value Varo Energy, backed by investors including Carlyle Group, at about €2 billion (US$2.3 billion) including debt, according to the people. No final agreements have been reached, and there is no certainty the negotiations will lead to a transaction, the... https://www.scmp.com/business/companies/article/2183877/hong-kong-family-behind-chow-tai-fook-and-new-world-development?utm_source=rss_feed https://www.scmp.com/business/companies/article/2183877/hong-kong-family-behind-chow-tai-fook-and-new-world-development?utm_source=rss_feed Mon, 28 Jan 2019 04:17:02 +0000 Chow Tai Fook Jewellery, the world’s largest listed jeweller by market value, said on Thursday that it plans to open 400 new shops in the fiscal year beginning in April this year, with an emphasis on capturing the market potential in secondary cities in China. While the group foresees a sales slowdown in the remaining months of the current financial year which ends in March, they hope to drive sales through a multi-brand strategy and innovative retail experience. The company reported operating... https://www.scmp.com/business/companies/article/2175696/chow-tai-fook-reports-operating-profit-247-cent-fiscal-half-year?utm_source=rss_feed https://www.scmp.com/business/companies/article/2175696/chow-tai-fook-reports-operating-profit-247-cent-fiscal-half-year?utm_source=rss_feed Thu, 29 Nov 2018 13:54:32 +0000 A new initiative by one of Hong Kong’s leading jewellery retailers will see diamonds sold in its T Mark-branded stores “graded” for customers, by the respected Gemological Institute of America (GIA), a non-profit industry research body. The move follows quickly on the heels of a similar practice by De Beers, the world’s biggest diamond seller. Developed with leading blockchain solutions provider Everledger and secured by the IBM Blockchain Platform, the new service will show exactly where the... https://www.scmp.com/business/companies/article/2163959/blockchain-changing-worlds-jewellery-landscape-and-chow-tai-fook?utm_source=rss_feed https://www.scmp.com/business/companies/article/2163959/blockchain-changing-worlds-jewellery-landscape-and-chow-tai-fook?utm_source=rss_feed Wed, 12 Sep 2018 22:30:36 +0000 Henry Cheng Kar-shun reassured the public on Thursday that he was still setting the strategy and overall direction at Chow Tai Fook Jewellery. In his first appearance in a year, Cheng, who is the chairman of the jeweller as well as Hong Kong developer New World Development, shrugged off speculation he would retire soon. “Teamwork is important. The daily operation of the company will mostly be handled by the team,” he said during the announcement of the company’s results. Blockchain is... https://www.scmp.com/business/article/2149784/hong-kong-tycoon-henry-cheng-shrugs-retirement-rumours-chow-tai-fook?utm_source=rss_feed https://www.scmp.com/business/article/2149784/hong-kong-tycoon-henry-cheng-shrugs-retirement-rumours-chow-tai-fook?utm_source=rss_feed Thu, 07 Jun 2018 13:06:53 +0000