Chow Sang Sang
| Company type | Public company |
|---|---|
| Industry | Jewelry retail and wholesale |
| Founded | 1934 |
| Founder | Chow Fang Pu |
| Headquarters | Kowloon , Hong Kong |
Area served | Hong Kong, Macau, Taiwan, Mainland China |
| Products | Jewelry, precious metals wholesale |
| Website | www |
Chow Sang Sang Holdings International Limited, also known as the Chow Sang Sang Group, conducts its business under the name Chow Sang Sang Jewelry Company Limited or simply Chow Sang Sang (), with its main office located in the Chow Sang Sang Building () situated in Kowloon, Hong Kong. The company’s registered office is established at Clarendon House in Hamilton, Bermuda, where it is incorporated as a limited liability entity. It is publicly traded on the Hong Kong Stock Exchange under the stock code .
Business scope
The enterprise encompasses a precious metals wholesale segment and manages more than 205 retail outlets branded as Chow Sang Sang across Hong Kong, Macau, Taiwan, and Mainland China. Within Mainland China alone, it operates upwards of 155 stores distributed among 60 cities. The Mainland division, named Chow Sang Sang (China) Company Limited, has its headquarters in Tianhe District, Guangzhou.
History
The origin of the company dates back to 1934 when Mr. Chow Fang Pu (周芳譜) founded it in Guangzhou. Amidst the turmoil of the Second Sino-Japanese War, the firm shifted its base to Macau in 1938. By the 1940s, branches were functioning in Guangzhou, Hong Kong, Macau, and Zhanjiang, overseen by Chow Fang Pu’s six sons. According to his 1946 testament, all heirs were permitted to use the 周生生 ("Chow Sang Sang") brand name. This led to the emergence of two independent jewelry firms in Hong Kong bearing the same name but operating separately: C. S. S. jewelry (粵港澳湛周生生), run by his wife’s sons; and Chow Sang Sang (周生生), reestablished by his concubine’s sons in 1948.
The company made its debut on the Hong Kong Stock Exchange in 1973. For the fiscal year ending December 31, 2011, it reported a total revenue of HK$17,158 million.
The initial store on Mainland China soil was launched in Fuzhou, Fujian province, in 1993. Following regulatory reforms favoring foreign businesses, Chow Sang Sang (China) Company Limited was founded in 2006. By 2008, the company concentrated its growth efforts mainly within Mainland China and recorded revenues amounting to HK$9.88 billion (US$1.27 billion), operating a network of 190 stores across Hong Kong, Taiwan, Macau, and Mainland China.
In May 2013, Shanghai’s antitrust authority initiated an investigation into Chow Sang Sang along with Chow Tai Fook and other gold retailers concerning alleged price-fixing activities within Shanghai’s gold market.