China Resources

China Resources

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China Resources

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Description:
China Resources (; pinyin: Huá Rùn; Cantonese: Wa4 Yeun6) is a group of companies in a wide variety of businesses in Hong Kong and mainland China. Some of its companies use the name in the form of the acronym CRC.

The company started as Liow & Company (聯和公司) in Hong Kong in 1938 and was renamed as China Resources Company (華潤公司) in 1948. In 1983, the company was incorporated as China Resources (Holdings) Company Limited (華潤(集團)有限公司).

The company's main business focus is the import of mainland Chinese products (including energy) to Hong Kong. Its retail operations are organised under the China Resources Retail (Group), and include Chinese Arts & Crafts; it also runs a number of supermarkets in Hong Kong, originally under the CRC name, but now rebranded as Vanguard. It also owns Ng Fung Hong (五豐行), the monopoly meat importer into Hong Kong.

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