The Hongkong Stock Market Is Popular With &Nbsp; Luxury Brands Compete In Hong Kong Listing

Although there are concerns that the pace of development of the Chinese market will slow down,

London's jeweler Graff Diamond plans to raise $1 billion, which is likely to be listed in Hongkong next year, while Zhou Dafu jewelry also plans to raise $3 billion in Hongkong.

Coach plans to go on the market in Hongkong for the two time. Italy motorcycle manufacturer Ducati and Sitory Group, which provide bags to Prada, are also eyeing the Hongkong market.

Earlier this year, the Prada brand, which was listed on the Hongkong market for $2 billion 500 million, plans to acquire 20% of Sitory Group's stake and may eventually hold Sitory Group 5% as a financial investment.

Sitory brand was founded in 1968, specializing in the production of bags and other leather products, the company has 10 thousand employees in Hongkong, in Dongguan and Britain and Germany have factories.

Sitory hopes to further expand the size of the company and raise the brand's influence in the Chinese market by raising funds on the stock market.

Choosing this time to list is not the most ideal. At present, there are many worries in the market. It is believed that the development of China's market has slowed down, and the Pearl River Delta region has been affected by European and American aspects.

Hongkong's industrial department issued a reminder last week that raising wages would probably close or reduce the size of the more than 20 thousand Hongkong factories in the PRD region.

Zhou Dafu brand is the most famous jewelry brand on the Chinese market, and Zhou Shengsheng is behind it. Tiffany, Hermes, Cartire and so on are at the end of the list.

Zhou Dafu has more than 1500 retail outlets in more than 250 cities in China, accounting for 57% of the market share.

Sales to March amounted to $4 billion 500 million, up 52% from last year, and the expected sales volume this year is $7 billion 450 million.