shares of Hong Kong Chow Tai Fook luxury retailers Climb 3% of profit Soars

  Chow Tai Fook Jewellery, the jewelry retailer by the family of Hong Kong billionaire Cheng Yu-tung is controlled, rose by 3% in early trading on the Stock Exchange of Hong Kong on Wednesday after the company reported 79% rise in its net profit to $ 817 million for the 12 months to 31 Of March.

The company has enjoyed a rapid rise in spending by mainland Chinese luxury goods, which, fueled by rapid economic populous country in the world and transformed it into a magnet for global luxury brands well. U.S. companies that sell on the market include Tiffany, Coach and Ralph Lauren, Prada, have, among other foreign brands in Hong Kong as a means of raising funds and awareness for your brand listed, though Graff jewelry moved in last month IPO it. (See related story here.)

Cheng 4th place on the Forbes list of Hong Kong in 2012 with the rich wealth of 15 billion €. (See link to the Hong Kong Rich List here.)

Chow Tai Fook convinced that China "will increase in domestic consumption as a strategic" and hopes to develop them further.