Ng Fung Hong () is a Chinese company, owned by

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 ...

and listed in

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 Delt ...

. 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 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 no ...

operations.HKTDC supplier reference
/ref>

History

Ng Fung Hong was founded in Hong Kong in 1951 as "a modest trading agent in

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 current ...

". 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.Company Description, at tradebig
/ref> On 25 October 1995, the company was listed on the

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 repor ...

. 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 A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and M ...

to export live cattle to Hong Kong. This monopoly is of concern to the

and

Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of va ...

governments.Beijing vows to break beef monopoly
SCMP, 8 June 2013 In January 2013, the Hong Kong

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 o ...

, Dr

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.'' (al ...

, announced an investigation into the supply of meat from the mainland, with the aim of breaking the Ng Fung Hong monopoly, with a result expected by April.Supply of mainland meat comes under probe
SCMP, 6 January 2013 Then in 2013, the Chinese ministry reportedly undertook to consider reform of Hong Kong's live cattle supply to break the beef monopoly "once industry and government agree". A Legislative Council panel urged action on the matter by the Hong Kong government, which at this time said it was non-committal.

Notes and references

External links

Ng Fung Hong websiteChina Resources
{{authority control Food and drink companies of Hong Kong Government-owned companies of China China Resources Food and drink companies established in 1951 1951 establishments in Hong Kong