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 initialism CRC. In 2024, China Resources ranked 60th on the World's 500 Most Influential Brands List by World Brand Lab. In 2025, China Resources Group ranks 67th in the Fortune Global 500.
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 Company Limited.Operations
The company's main business focus is the export of mainland Chinese products 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, the monopoly meat importer into Hong Kong.China Resources Cement is the largest NSP clinker and cement producer in Southern China by production capacity and the second largest concrete producer in China by sales volume. It was established in 2003 and incorporated in Cayman Islands.