Shanghai-based jewelry store operator Laofengxiang has published its annual financial report for 2009, and has posted a year on year growth in net profit of 85%.

Data released by Macau Statistics and Census Bureau shows that Macau's retail sales reached MOP22.11 billion in 2009, an increase of 16% over those of 2008.

According to statistics from China's Ministry of Commerce, China's retail sales hit CNY340 billion during the "golden week" of Spring Festival 2010, which was an increase of 17.2% over those of the same period in 2009.

According to Vincent Chow, general manager for the Hong Kong-based jewelry company Chow Sang Sang, the company plans to invest about HKD50 million this year in opening new stores in mainland China.

According to the statistics provided by China's Ministry of Commerce, during the three-day May Day holiday retail sales of 1,000 major retailers in China reached CNY12 billion, a year-on-year increase of 9%.

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.