With an investment of CNY350 million, the Hong Kong-listed Chinese watch and timepiece retail group Xinyu Hengdeli Holdings Limited has opened its first luxury watch flagship store in Taiwan.

Xinyu Hengdeli, a mainland China luxury watch retailer, has announced plans to open at least 26 new stores in the second half of 2008.

Cartier has opened a store in the Zhongxing Shenyang Commercial Building.

Baume & Mercier, a famous Swiss watch brand, opened its first China specialty store in Beijing's China Central Place last week.

Richard Mille, a world-class mechanical watch brand, has opened its first Shanghai specialty store in the jewelry corridor of Plaza 66.

Hong Kong's Sincere Watch Limited posted a record performance for the nine months ending December 31, 2007, with the group's nine-month sales performance of HK$574.7 million exceeding the group's sales for the entire 2007 fiscal year.