Chow Tai Fook

Chow Tai Fook
Company typePrivate
IndustryConglomerate
Founded
  • 1929; 95 years ago (1929) in Guangzhou
  • 1961 in Hong Kong (as Chow Tai Fook Jewellery Co., Ltd.)
  • 10 August 1966 (1966-08-10) in Hong Kong (as Chow Tai Fook Enterprises)[1]
FounderChow Chi-yuen
Headquarters38/F, New World Tower,
Hong Kong
Area served
mainland China, Hong Kong, Japan, Macau, Malaysia, Singapore, South Korea, Taiwan, United States, Canada[2]
Key people
Henry Cheng
Products
  • jewellery
  • real estate
BrandsCTF
Services
  • transportation
  • telecommunications
OwnerCheng Yu-tung family
Subsidiaries
  • Chow Tai Fook (Holding)
  • Chow Tai Fook Enterprises
  • CTF Holdings
  • Chow Tai Fook Nominee
  • Chow Tai Fook Jewellery
  • New World Development
Chinese name
Traditional Chinese周大福
Simplified Chinese周大福
Jyutpingzau1 daai6 fuk1
Cantonese Yalejāu daaih fūk
Hanyu PinyinZhōu Dà Fú
Literal meaningZhou – good luck / good fortune[3]
Transcriptions
Standard Mandarin
Hanyu PinyinZhōu Dà Fú
Yue: Cantonese
Yale Romanizationjāu daaih fūk
Jyutpingzau1 daai6 fuk1
Chow Tai Fook Enterprises Limited
Traditional Chinese周大福企業有限公司
Simplified Chinese周大福企业有限公司
Jyutpingzau1 daai6 fuk1 kei5 jip6 jau5 haan6 gung1 si1
Hanyu PinyinZhōu Dà Fú Qǐyè Yǒuxiàngōngsī
Transcriptions
Standard Mandarin
Hanyu PinyinZhōu Dà Fú Qǐyè Yǒuxiàngōngsī
Yue: Cantonese
Jyutpingzau1 daai6 fuk1 kei5 jip6 jau5 haan6 gung1 si1
Chow Tai Fook group
Traditional Chinese周大福集團
Transcriptions
Websitewww.chowtaifook.com Edit this on Wikidata

Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port,[citation needed] casino, and other businesses. Despite the holding companies of the group, namely Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited, Chow Tai Fook Enterprises Limited, etc. being privately owned, the group has been partially listed on the stock market via associate company New World Development (SEHK: 17, listed since 1972) and subsidiary Chow Tai Fook Jewellery Group Limited (SEHK: 1929, listed since 2011). As of 31 December 2018, New World Development was ranked as the 47th-largest company by market capitalization on the Stock Exchange of Hong Kong, which was HK$105.68061 billion.[4]

However, the size of the unlisted portion of the Chow Tai Fook business empire is unclear. The Financial Times quoted one banker of the Cheng Yu-tung family, who said, "You can't look at [Cheng] YT without looking at the private side of the business and his ability to spot early investment opportunities".[5] Notable unlisted businesses of the group include Rosewood Hotel Group, as well as Australia-based Alinta Energy and the Loy Yang B power station, which were acquired in 2017.

Chow Tai Fook Capital is owned by the descendants of the late Chow Tai Fook Jewellery founder Chow Chi-yuen (Chinese: 周至元) and his son-in-law, the late Cheng Yu-tung, which includes the current Chow Tai Fook Jewellery Group chairman, Chow Tai Fook (Holding) director Henry Cheng.[6]

  1. ^ Data in Hong Kong Companies Registry
  2. ^ "Retail Network". Chow Tai Fook Jewellery. Retrieved 4 July 2018.
  3. ^ "Luxury jeweller Chow Tai Fook in mega Hong Kong listing". BBC News. 23 November 2011. Retrieved 9 November 2018.
  4. ^ "50 leading companies in market capitalisation". 2018 HKEX Factbook (PDF). Hong Kong Exchanges and Clearing. 2019. p. 23. Retrieved 21 March 2019.
  5. ^ Hughes, Jennifer (1 October 2016). "Cheng Yu-tung, Hong Kong tycoon, 1925-2016". Financial Times (obituary). Additional reporting by Ma Nan in Shanghai and Gloria Cheung in Hong Kong. London. Archived from the original on 12 December 2022. Retrieved 9 November 2018.
  6. ^ Cite error: The named reference NWSHoldings2017AR was invoked but never defined (see the help page).