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China Resources Enterprise

TOPIC

/ company

China Resources Enterprise

(華潤創業)

China Resources Enterprise

China Resources Enterprise

華潤創業

China Resources Enterprise (HK stock code: 0291) is a diversified group active in Hong Kong and China, importing mainland products to Hong Kong, and is a constituent stock of the benchmark Hang Seng Index. It has retail operations, including Vanguard supermarkets, and it owns Ng Fung Hong, a meat importer. It is a listed unit of conglomerate China Resources Holdings.

Chairman / President

Chen Ying

CFO / Finance Director

Wang Yan

Industry

Retail

Website

cre.com.hk

Headquarters Address

39/F, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong

Stock Code

SEHK: 291

Year Founded

1992

A pile of copper bars. High-value metals such as copper, lead, tin and zinc are stored in LME-approved warehouses in Hong Kong. Photo: Shutterstock

‘Positive problem’: surging demand strains Hong Kong’s metals storage capacity

15 LME-approved warehouses are already full, underscoring city’s ambition to be a commodities centre – and its urgent need for more space.

11 May 2026 - 8:00AM

China’s shoppers head for suburban outlets, a bright spot in retail property

8 Mar 2026 - 8:30AM

CR Beverage rises in Hong Kong trading debut as IPOs return to city

13 Jan 2025 - 3:37PM

Corruption in China

Disgraced ex-chief of China Resources stripped of civic honour

Charley Song Lin, serving 14 years in jail for embezzling public assets worth more than 9.74 million yuan, has Hong Kong justice of the peace title revoked.

18 May 2018 - 10:36PM

Charley Song Lin was sentenced to 14 years in jail and fined 4 million yuan (US$628,000) by a Guangzhou court last June after he was found guilty of embezzling public assets. Photo: Reuters

Corruption in China

China Resources’ ex-chairman gets 14 years jail for graft

1 Jun 2017 - 10:49PM

China Resources Enterprise sinks into losses

Supermarket operator China Resources Enterprise (CRE) sank into a HK$71 million loss for the third quarter, compared with a profit of HK$920 million for the same period last year.

15 Nov 2014 - 4:33AM

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China Resources expects drop in profitability after acquisition of Tesco stores

China Resources Enterprise said consolidated net profit fell 8.7 per cent year on year to HK$929 billion in the first half.

21 Aug 2014 - 1:40PM

China Resources Enterprise, whose chief financial officer is Frank Lai, has previously said it believed it could make Tesco profitable on the mainland in three years. Photo: Nora Tam

CRE confident of future Tesco profit

21 Mar 2014 - 12:43AM

A.S. Watson sale tipped to hit price snag again

Li Ka-shing's determination to cash out of the AS Watson retail businesses after his recent setback in offloading his ParknShop supermarket assets is likely to meet the same problem: buyer resistance on price.

3 Jul 2018 - 8:31PM

China Resources weighs sale of meat unit in Hong Kong

China Resources Enterprise (CRE), the state-backed retail and beer conglomerate, is evaluating options for its meat distribution unit in Hong Kong that could include a sale, said two people with knowledge of the matter.

20 Jun 2018 - 5:30PM

Ng Fung Hong imported 23,194 head of cattle last year.

Tesco buys stake in retail venture for HK$4.33b

Top British retailer Tesco will pay HK$4.33 billion to gain 20 per cent of a venture with China Resources Enterprise that will run supermarkets and other stores on the mainland and in Hong Kong.

3 Oct 2013 - 2:42AM

With 134 outlets, Tesco ranked eighth with a 2.4 per cent share in the mainland's hypermarket industry last year. Photo: Bloomberg

Opinion | Time to stop arguing and get things done instead

Over the week, as the political temperature remains high following the chief executive's second summer town hall meeting, this time at Kwun Tong, one lower profile development should not go unnoticed.

19 Aug 2013 - 4:58AM

China Resources is hit by extravaganza clampdown

The campaign to curb extravagant spending by mainland officials and rising material costs took a toll on China Resources Enterprise, which saw a more than 60 per cent drop in net profit in the first three months of the year.

17 May 2013 - 4:06AM

Profit fall fails to hold back CRE

22 Mar 2013 - 4:19AM

China Resources Enterprise hopes to create economies of scale between its Snow beer and newly acquired Kingsway Beer.

Monitor | Hong Kong should have a beef with its dodgy meat monopoly

30 Nov 2012 - 2:53AM

Ng Fung Hong, the monopoly meat importer of Hong Kong.

Rain dampens earnings for China Resources Enterprise

22 Nov 2012 - 4:11AM

Lai See | This is one place where you don't mention the Diaoyus

22 Nov 2012 - 3:36AM

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China Resources (Holdings)

Cash me if you can

24 Oct 2011 - 12:00AM

China Resources buys third brewery in Henan

23 Jul 2011 - 12:00AM

Retail player seeks move into the mainland

28 May 2011 - 12:00AM

CRE on acquisition trail after 34.4pc profit leap

20 May 2011 - 12:00AM

Results

31 Mar 2008 - 12:00AM

Results

16 Nov 2007 - 12:00AM

China Resources profit jumps 194pc

6 Sep 2007 - 12:00AM

Drug firm in sights of China Resources

20 Mar 2007 - 12:00AM

CRE nears asset disposal deal

28 Oct 2016 - 9:17AM

China Resources earns record $2.2b

28 Oct 2016 - 9:17AM

Corrections & clarifications

12 Apr 2005 - 12:00AM

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