Ng Fung Hong
Ng Fung Hong (五豐行) is a Chinese company, owned by China Resources and listed in Hong Kong. It describes itself as the largest food distributor in Hong Kong, with interests in food distribution; food production, processing and trading; food retail and supermarket; marine fishing; and abattoir operations.
Ng Fung Hong was founded in Hong Kong in 1951 as "a modest trading agent in Bonham Strand". Two decades later it became part of mainland giant China Resources, and is now a vertically integrated food enterprise "under the auspices of China's Ministry of [Commerce]".
In 1998, the company made a net profit of HK$525.1 million.
In January 2013, the Hong Kong Secretary for Food and Health, Dr Ko Wing-man, announced an investigation into the supply of meat from the mainland, with the aim of breaking the Ng Fung Hong monopoly, with a result expected by April. Then in 2013, the Chinese ministry reportedly undertook to consider reform of Hong Kong's live cattle supply to break the beef monopoly "once industry and government agree". A Legislative Council panel urged action on the matter by the Hong Kong government, which at this time said it was non-committal.
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