According to Chan Sai Cheong, director of Chow Tai Fook Group and its general manager for China region, the Hong Kong jewelry brand plans to double the number of its Chinese mainland stores to 2,000 in the next ten years, focusing on the development of franchised stores.

Chow Tai Fook Group held a groundbreaking ceremony for its China jewelry headquarters building in Yantian district, Shenzhen.

Hong Kong-based jewelry company Chow Tai Fook has signed an agreement with the government of Yantian District, Shenzhen, to build its mainland headquarters there.

According to the Hong Kong Stock Exchange, Lifestyle International, a Hong Kong department store giant, wants to become a shareholder of Beiren Group, a state-owned retail group in Shijiazhuang.