Japanese beer manufacturer Asahi Breweries has announced that it plans to become one of the world's top ten food companies, through acquisition and by expanding its business in China.

Anheuser-Busch InBev, Tsingtao Beer's second-largest single shareholder, has announced that it will sell 91,641,342 H shares in Tsingtao Beer for HKD19.83 per share to Chen Fashu, chairman of the Fujian-based New Huadu Industrial Group.

China's leading beer brewer China Resources Snow Breweries has announced plans to invest CNY650 million to set up a production base in Shanghai.

Asahi Breweries and Itochu Corporation have announced the establishment of a milk company in Shandong Province, China.

Hong Kong plans to cancels tariffs of wine and beer and to make itself a premium wine trading center like London and New York.