Traditional Chinese 周生生集團國際有限公司 | Simplified Chinese 周生生集团国际有限公司 Founded 1934 | |
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Hanyu Pinyin Stock price 0116 (HKG) HK$ 17.72 +0.02 (+0.11%)6 Mar, 11:16 AM GMT+8 - Disclaimer Subsidiaries Chow Sang Sang Securities Ltd. Profiles | ||
Chow sang sang charme table and magic mirror
Chow Sang Sang Holdings International Limited, or Chow Sang Sang Group, doing business as Chow Sang Sang Jewellery Company Limited or Chow Sang Sang (Chinese: 周生生; pinyin: Zhōu Shēngshēng), is a jewelry company with its corporate headquarters in the Chow Sang Sang Building (Chinese: 周生生大廈; pinyin: Zhōu Shēngshēng Dàshà) in Kowloon, Hong Kong. Its registered office is in the Clarendon House in Hamilton, Bermuda. and it is incorporated with limited liability in Bermuda. It is SEHK: 0116 on the Hong Kong Stock Exchange.
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Business scope
Included in the group is a precious metals wholesale business. The company operates Chow Sang Sang jewellery stores. Over 50 stores combined are in Hong Kong, Macau, and Taiwan. Another 155 stores are located in 60 cities in Mainland China.
The company's Mainland subsidiary, Chow Sang Sang (China) Company Limited, is headquartered in Tianhe District, Guangzhou.
History
The company was established in 1934. Originally the company offices were in Guangzhou but they later moved to Hong Kong. Three members of the Chow family re-established the business in Hong Kong in 1948. In 1973 it was publicly listed on the Hong Kong Stock Exchange. In the year ending 31 December 2011 its total turnover was HK$17,158 million.
During the modern era, the first Mainland shop opened in Fuzhou, Fujian in 1993. In 2006 the company established its Mainland division, Chow Sang Sang (China) Company Limited; this after the Mainland government eased the process of a wholly foreign-owned enterprise gaining a business permit. By 2008 the company's main expansion strategy was focused on Mainland China; at that time it had a revenue of 9.88 billion Hong Kong dollars, or $1.27 billion U.S. dollars, and 190 locations in Hong Kong, Taiwan, Macau, and the Mainland, with over 40 of them being in Hong Kong.
In May 2013 the antitrust bureau of the Shanghai Municipal Development and Reform Commission began an investigation of Chow Sang Sang, Chow Tai Fook, an industry association, and 11 gold retailers in China over concerns about price manipulation of gold in the City of Shanghai.