Retailing, Franchising, and Consumerism Business Intelligence in China

Hang Fung Plans More Jewelry Stores In Mainland China

Local media reports that Hang Fung Gold Technology says it expects to double its annual revenue after its upsurge during the recent Spring Festival holiday.

Lin Shirong, chairman of Hang Fung, says that the company will increase its stores from 110 to 200 in mainland China. Hang Fung will also open more stores in Hong Kong.

Hu Yingqiang, financial director of Hang Fung, says that the increase in sales revenue benefits from the opening of more retailing outlets in mainland China and Hong Kong. Therefore, the company will continue to unveil more chain stores in order to expand its business.

Established in 1979, Hang Fung has been transformed from a jewelery manufacturer to a major designer, researcher, producer, exporter and retailer of gold.

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