Jeweller Chow Tai Fook has been selected as one of the Hang Seng China 50 Index effective this week.

Chow Tai Fook is one of only 34 Hong Kong-listed companies in the China 50 Index and is the first and only jeweller to be included in this Index since it was launched in June 2008.

“This reinforces to investors the market leadership and unparalleled scale of our jewellery business in mainland China, where over 90 per cent of our 1674 points of sale are located,” said Henry Cheng, chairman of Chow Tai Fook.

The company believes its inclusion in both the China 50 Index and the Hang Seng Mainland 100 Index will help investors understand Chow Tai Fook better and underpin their confidence in its stock and prospects.

The jeweller will continue to expand in the mainland market by penetrating into second, third and fourth-tier cities.

Chow Tai Fook has recently opened its jewellery park in Wuhan, which serves as an integrated production and logistics centre to cope with the company’s rapid growth and long-term development in the mainland.

In addition, a new mainland headquarters office in Shenzhen will be completed in 2013. These projects will facilitate and support further expansion in the mainland market.

The China 50 Index is reviewed semi-annually by Hang Seng Indexes Company Limited. To be eligible for inclusion in the China 50 Index, a company must already be a constituent of the Hang Seng Mainland 100 Index, which Chow Tai Fook was selected to join in June 2012.

GB