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Ng Fung Hong
Ng Fung Hong () is a Chinese company, owned by China Resources and listed in Hong Kong. It describes itself as the largest food distributor in Hong Kong, with interests in food distribution; food production, processing and trading; food retail and supermarket; marine fishing; and abattoir operations. History Ng Fung Hong was founded in Hong Kong in 1951 as "a modest trading agent in Bonham Strand". Two decades later it became part of mainland giant China Resources, and is now a vertically integrated food enterprise "under the auspices of China's Ministry of ommerce. On 25 October 1995, the company was listed on the Hong Kong Stock Exchange. In 1998, the company made a net profit of HK$525.1 million. Beef monopoly The company is the only agent endorsed by the China Ministry of Commerce to export live cattle to Hong Kong. This monopoly is of concern to the Hong Kong and Chinese governments.
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Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resume ...
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Wholesale Food
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling is buying goods in bulk quantity, usually directly from the manufacture or source, at a discounted rate. The retailer then sells the goods to the end consumer at a higher price making a profit. According to the United Nations Statistics Division, ''wholesale'' is the resale of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies. Wholesalers frequently physically assemble, sort, and grade goods in large lot ...
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China Resources
China Resources Holdings Company Limited (), or simply China Resources, is a Chinese state-owned conglomerate that owns a variety of businesses in Hong Kong and Mainland China. Some of its subsidiaries use the name in the form of the acronym CRC. History The company started as Liow & Company () in Hong Kong in 1938. Its original purpose was to raise funds and purchase supplies and equipment for the Eighth Route Army and later People's Liberation Army, then engaged in the Chinese Civil War. It was renamed as China Resources Corporation () in 1948. In 1983, the company was incorporated as China Resources (Holdings) Company Limited (). Operations The company's main business focus is the export 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 al ...
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Abattoir
A slaughterhouse, also called abattoir (), is a facility where animals are slaughtered to provide food. Slaughterhouses supply meat, which then becomes the responsibility of a packaging facility. Slaughterhouses that produce meat that is not intended for human consumption are sometimes referred to as ''knacker's yards'' or ''knackeries''. This is where animals are slaughtered that are not fit for human consumption or that can no longer work on a farm, such as retired work horses. Slaughtering animals on a large scale poses significant issues in terms of logistics, animal welfare, and the environment, and the process must meet public health requirements. Due to public aversion in different cultures, determining where to build slaughterhouses is also a matter of some consideration. Frequently, animal rights groups raise concerns about the methods of transport to and from slaughterhouses, preparation prior to slaughter, animal herding, and the killing itself. History Until ...
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Bonham Strand
Bonham Strand (Chinese: 文咸街) is a combination of two streets in Sheung Wan, Hong Kong: Bonham Strand (文咸東街) and Bonham Strand West (文咸西街). As the name suggests, it was a strand and close to shore in the past though currently far from the seafront after several reclamations over history. This street renders the early shore line after 1842. The streets are named after Sir George Bonham, the third Governor of Hong Kong (1848–1854), who led the reconstruction effort of Sheung Wan after a fire destroyed part of it in 1851. This was the government's first large-scale reclamation and road construction project. Bonham Strand Bonham Strand (文咸東街) starts from Queen's Road Central near Cosco Tower, with several junctions with Jervois Street, Mercer Street, Hillier Street, Clevery Street, Morris Street and Wing Lok Street, then returning to another section of Queen's Road Central in Possession Point. The street is comparatively low to the surroundi ...
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Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. The physical trading floor at Exchange Square was closed in October 2017. History The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequen ...
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Ministry Of Commerce Of The People's Republic Of China
The Ministry of Commerce of the People's Republic of China (MOFCOM) is a cabinet-level executive agency of the State Council of China. It is responsible for formulating policy on foreign trade, export and import regulations, foreign direct investments, consumer protection, market competition ( competition regulator) and negotiating bilateral and multilateral trade agreements. It is in charge of the administration of foreign trade pursuant to the Foreign Trade Law. The current Commerce minister is Wang Wentao. History Before October 1949, the Ministry of Economic Affairs was the governing agency of the Republic of China on the mainland responsible for economic trade issues. The agency was created in 1931 and reorganized in 1937. In November 1949, a month after the People's Republic of China was established, the Chinese Communist Party formed the Ministry of Trade (贸易部) while the MOEA continued to operate in Taiwan and several other islands In August 1952, the Mini ...
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Government Of Hong Kong
The Government of the Hong Kong Special Administrative Region, commonly known as the Hong Kong Government or HKSAR Government, refers to the executive authorities of Hong Kong SAR. It was formed on 1 July 1997 in accordance with the Sino-British Joint Declaration of 1983, an international treaty lodged at the United Nations. This government replaced the former British Hong Kong Government (1842–1997). The Chief Executive and the principal officials, nominated by the chief executive, are appointed by the State Council of the People's Republic of China. The Government Secretariat is headed by the Chief Secretary of Hong Kong, who is the most senior principal official of the Government. The Chief Secretary and the other secretaries jointly oversee the administration of Hong Kong, give advice to the Chief Executive as members of the Executive Council, and are accountable for their actions and policies to the Chief Executive and the Legislative Council. Under the " one co ...
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Government Of China
The Government of the People's Republic of China () is an Authoritarianism, authoritarian political system in the China, People's Republic of China under the exclusive political leadership of the Chinese Communist Party (CCP). It consists of Legislative system of China, legislative, Executive (government), executive, military, supervisory, Judiciary, judicial, and procuratorial branches. The constitutional head of government is Premier of the People's Republic of China, premier, while the ''de facto'' Paramount leader, top leader of government is General Secretary of the Chinese Communist Party, General Secretary of the Communist Party. The National People's Congress (NPC) is the highest state organ, with control over the Constitution of the People's Republic of China, constitution and basic laws, as well as over the election and supervision of officials of other government organs. The congress meets annually for about two weeks in March to review and approve major new policy dir ...
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Secretary For Food And Health
The Secretary for Health () is a ministerial position in the Hong Kong Government, who heads the Health Bureau. The current office holder is Lo Chung-mau. The position was created on 1 July 2022, following the reshuffle of the principal officials and reorganisation of the policy bureaux of the Hong Kong Government. It replaced the previous Secretary for Food and Health, and the portfolio with foods transferred to the Secretary for Environment and Ecology. Before that, the Secretary for Health, Welfare and Food () was created as a ministerial position who headed the Health, Welfare and Food Bureau (HWFB). It was replaced by Secretary for Food and Health on 1 July 2007, following the reshuffle of the principal officials and reorganisation of the policy bureaux of the Hong Kong Government. It replaced the previous Secretary for Health, Welfare and Food, and the portfolio with welfare transferred to the Secretary for Labour and Welfare. The SH is a politically appoint ...
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Ko Wing-man
A KO is a knockout in various sports, such as boxing and martial arts. K.O., Ko or Kō may also refer to: Arts and entertainment Music * KO (musician), Canadian musician who plays a fusion of hip hop and folk music * K.O. (album), ''K.O.'' (album), a 2021 album by Danna Paola * K.O (rapper), South African rapper Ntokozo Mdluli * Karen O (born 1978), lead singer of the rock group Yeah Yeah Yeahs * Kevin Olusola, American cellist, beatboxer and member of ''a cappella'' group Pentatonix * ''K.O.'', a 2008 album by Rize (band), Rize * "K.O.", a 2004 song by Smujji Other media * Ko (Go), in the board game ''Go'' * Ko (film), ''Ko'' (film), a 2011 Tamil action movie * ''Knight Online'', a 2004 online role-playing game Language * Ko language * Ko (kana), the romanization of the Japanese kana こ and コ * ISO 639-1 code for the Korean language Surname * Ko (Korean surname) * Gao (surname), a surname of Chinese origin romanized to Ko in Hong Kong * Ke (surname), a Chinese surname rom ...
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Legislative Council Of Hong Kong
The Legislative Council of the Hong Kong Special Administrative Region (LegCo) is the unicameral legislature of Hong Kong. It sits under China's " one country, two systems" constitutional arrangement, and is the power centre of Hong Kong's hybrid representative democracy. The functions of the Legislative Council are to enact, amend or repeal laws; examine and approve budgets, taxation and public expenditure; and raise questions on the work of the government. In addition, the Legislative Council also has the power to endorse the appointment and removal of the judges of the Court of Final Appeal and the Chief Judge of the High Court, as well as the power to impeach the Chief Executive of Hong Kong. Following the 2019–2020 Hong Kong protests, the National People's Congress disqualified several opposition councilors and initiated electoral overhaul in 2021. The current Legislative Council consists of three groups of constituencies—geographical constituencies (GCs), ...
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