https://www.scmp.com/rss/524159/feed A Beijing-headquartered Chinese heritage gold jewellery brand, specialising in pure gold and gem-set products that blend ancient craftsmanship with modern design. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhang Shidong Zhang Shidong Hong Kong stocks extended their rebound on Wednesday on signs that a diplomatic solution to Middle East tensions was making progress. The Hang Seng Index rose 1.1 per cent to 25,335.95 at the close, adding to a 2.7 per cent gain a day earlier. Technology stocks advanced, driving the Hang Seng Tech Index up by 1.9 per cent, after China’s anti-monopoly regulator called for an end to the price war in the on-demand food delivery market. On the mainland, the CSI 300 Index climbed 1.4 per cent and the... https://www.scmp.com/business/china-business/article/3347782/hong-kong-stocks-extend-rebound-signs-diplomatic-path-iran-conflict?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347782/hong-kong-stocks-extend-rebound-signs-diplomatic-path-iran-conflict?utm_source=rss_feed Wed, 25 Mar 2026 02:03:21 +0000 Zhu Wenqian Zhu Wenqian Major Chinese consumer stocks listed in Hong Kong rose immediately after reporting strong full-year earnings, but retreated on Wednesday. Analysts said the results did not point to a broad recovery in the consumer market but instead underscored structural divergence and new growth drivers in mainland China consumption. Jeweller Laopu Gold posted stronger-than-expected results for 2025, with revenues of 27.3 billion yuan (US$4 billion) last year, a 221 per cent surge year on year, while net... https://www.scmp.com/business/banking-finance/article/3347779/china-consumer-stocks-jump-strong-earnings-analysts-warn-limited-recovery?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347779/china-consumer-stocks-jump-strong-earnings-analysts-warn-limited-recovery?utm_source=rss_feed Wed, 25 Mar 2026 01:39:46 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rebounded on Tuesday on signs of a de-escalation of the US-Israel war against Iran after President Donald Trump said he would delay any attacks on the Gulf nation’s energy facilities. The Hang Seng Index surged 2.8 per cent to 25,063.71 at the close. The Hang Seng Tech Index gained 2.5 per cent. On the mainland, the CSI 300 Index climbed 1.3 per cent and the Shanghai Composite Index advanced 1.8 per cent. Biotech firm Wuxi AppTec rallied 11 per cent to HK$113.60 after its net... https://www.scmp.com/business/china-business/article/3347649/hong-kong-stocks-rebound-hopes-us-iran-deal-tensions-ease?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347649/hong-kong-stocks-rebound-hopes-us-iran-deal-tensions-ease?utm_source=rss_feed Tue, 24 Mar 2026 02:00:45 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks slumped by the most in nearly a year alongside other Asian markets on Monday as investors moved to price in tighter monetary policy, with Middle East tensions showing no sign of easing. The Hang Seng Index fell 3.5 per cent to 24,382.47 at the close, the steepest drop since April 7 last year. The Hang Seng Tech Index tumbled 3.3 per cent. On the mainland, the CSI 300 Index slid 3.3 per cent and the Shanghai Composite Index retreated 3.6 per cent. Laopu Gold tumbled 8.6 per cent... https://www.scmp.com/business/china-business/article/3347522/hong-kong-stocks-tumble-asia-strait-hormuz-crisis-deepens?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347522/hong-kong-stocks-tumble-asia-strait-hormuz-crisis-deepens?utm_source=rss_feed Mon, 23 Mar 2026 02:02:29 +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 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 Zhu Wenqian Zhu Wenqian Young consumers’ spending on anime, comics, games and pop toys, alongside growing wellness expenditures by senior consumers, will continue to shape China’s consumption landscape this year, according to HSBC Holdings. Against this backdrop, the coming nine-day Spring Festival holiday was set to benefit the food, hotel and tourism sectors, HSBC said in a trend report, adding that this tailwind would propel first-quarter growth in the food sector, particularly for snack food and dairy... https://www.scmp.com/business/china-business/article/3341239/china-needs-silver-and-young-spenders-plus-policy-support-consumption-growth-hsbc?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341239/china-needs-silver-and-young-spenders-plus-policy-support-consumption-growth-hsbc?utm_source=rss_feed Mon, 26 Jan 2026 07:33:54 +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 Cao Li Cao Li Chinese jeweller Laopu Gold is raising HK$2.72 billion (US$350 million) through a new share placement in Hong Kong – its second such fundraising this year – as it looks to build inventory ahead of the peak shopping season amid high gold prices. The Beijing-based company planned to issue about 3.7 million new shares at HK$732.49 each, representing a 4.5 per cent discount to Tuesday’s closing price of HK$767, according to a filing with the Hong Kong stock exchange on Wednesday. The new shares... https://www.scmp.com/business/article/3329886/laopu-gold-launches-us350-million-share-placement-demand-gold-prices-surge?utm_source=rss_feed https://www.scmp.com/business/article/3329886/laopu-gold-launches-us350-million-share-placement-demand-gold-prices-surge?utm_source=rss_feed Wed, 22 Oct 2025 04:41:17 +0000 John Cremer John Cremer The Hong Kong market is riding a wave of optimism after a series of high-profile listings by mainland firms, and one eye-catching factor has been the success of firms in the consumer and retail services sector. Indeed, since 2024, that segment has led the way among Hong Kong initial public offerings (IPOs) in terms of both funds raised and total deals closed, which is spurring investor confidence. Notably, home appliance giant Midea Group raised HK$31 billion (US$3.95 billion) last September.... https://www.scmp.com/special-reports/article/3316583/retail-services-has-been-key-sector-hong-kong-ipos-2024?utm_source=rss_feed https://www.scmp.com/special-reports/article/3316583/retail-services-has-been-key-sector-hong-kong-ipos-2024?utm_source=rss_feed Wed, 02 Jul 2025 04:45:08 +0000