China Resources (simplified Chinese: 华润; traditional Chinese: 華潤; pinyin: Huá Rùn; Cantonese: Wa4 Yeun6) is a group of companies in a wide variety of businesses in Hong Kong and 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.
Famous quotes containing the words china and/or resources:
“Anyone who tries to keep track of what is happening in China is going to end up by wearing all the skin of his left ear from twirling around on it.”
—Robert Benchley (1889–1945)
“The great object of Education should be commensurate with the object of life. It should be a moral one; to teach self-trust: to inspire the youthful man with an interest in himself; with a curiosity touching his own nature; to acquaint him with the resources of his mind, and to teach him that there is all his strength, and to inflame him with a piety towards the Grand Mind in which he lives. Thus would education conspire with the Divine Providence.”
—Ralph Waldo Emerson (1803–1882)