Jewellery and gold ornaments are widely perceived to be a store of value, especially in the face of economic instability and inflation expectation. Sustainable economic growth in the PRC is foreseeable despite the negative impact of the recent global financial tsunami. The rising purchasing power of PRC consumers has provided a favourable environment for gold and jewellery retail operators and has lifted China to the second lhighest rank, after India, among gold importer countries in the world.
Since July 2009, HKRH has entered into the promising gold and jewellery retail operations in the PRC, Hong Kong and Macau through the acquisition of the retail operation of 3D-GOLD Jewellery Holdings Limited (“3D-GOLD”; 870.hk).
Well-positioned to take advantage of the booming jewellery and gold demand in the Greater China region, HKRH actively explores investment opportunities in gold-related businesses.