---
title: "Major changes in Chow Tai Fook: CTF Capital transfers 54% equity in Chow Tai Fook Jewelry to Chow Tai Fook Enterprises"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/268930528.md"
description: "Chow Tai Fook's internal equity structure has undergone significant changes, with Chow Tai Fook Capital, under the Cheng family, transferring its 54% stake in Chow Tai Fook Jewellery to Chow Tai Fook Enterprises. This move aims to strengthen the capital structure of the Chow Tai Fook group, unlock business value, and lay the foundation for the continued stable growth of various businesses. The latest quarterly data from Chow Tai Fook Jewellery shows that same-store sales in mainland China grew by 7.6%, while Hong Kong and Macau grew by 6.2%. However, same-store sales volume in mainland China declined by 8.6%, and in Hong Kong and Macau, it decreased by 10%"
datetime: "2025-12-08T09:50:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/268930528.md)
  - [en](https://longbridge.com/en/news/268930528.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/268930528.md)
---

# Major changes in Chow Tai Fook: CTF Capital transfers 54% equity in Chow Tai Fook Jewelry to Chow Tai Fook Enterprises

There has been a change in the equity structure within Chow Tai Fook, with the Cheng family’s Chow Tai Fook Capital (CTF Capital) transferring its 54% stake in Chow Tai Fook Jewellery (1929) to Chow Tai Fook Enterprises, while CTF Capital originally held a 73.38% stake.

According to the latest equity disclosure, Chow Tai Fook Enterprises currently holds 53.93% of Chow Tai Fook Jewellery, 73.98% of Chow Tai Fook Creation (659), and 45.24% of New World Development (017).

## Chow Tai Fook Enterprises Becomes the Main Business of the Cheng Family

In addition, according to an email received by the bank, after this integration, Chow Tai Fook Enterprises will become the main business operated by the Cheng family, including Chow Tai Fook Jewellery, Chow Tai Fook Creation, and the parent company of New World Development. This move aims to strengthen the capital structure of the Chow Tai Fook system and is expected to unlock business value. Under the new structure, the various business units will align their efforts, and it is anticipated that Chow Tai Fook's strategic planning and resource allocation as a comprehensive enterprise will be more consistent, laying a foundation for the sustained and stable growth of all businesses within the system.

Chow Tai Fook Jewellery previously announced its quarterly operating data for the period ending September this year, showing a same-store sales growth of 7.6% in mainland China and 6.2% in Hong Kong and Macau. However, after excluding the impact of rising product prices, same-store sales volume in mainland China decreased by 8.6% during the quarter, while Hong Kong and Macau saw a decline of 10%

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