Quxiang Chinese Pastry Cultural Development (Guangzhou) Co., Ltd.
Founded in Hong Kong in 1985, Yuexiu Group is a large comprehensive state-owned enterprise. In 2025, it ranked 209th among China's Top 500 Enterprises and 10th among China's Top 100 Multinational Corporations, making it the largest local state-owned enterprise in Hong Kong by asset size. The Group operates a "3+3" industrial system (with finance, real estate, and transportation as pillar businesses, and food, health, and high-end manufacturing as emerging businesses), controls six listed companies, and has total assets of RMB 1,059.6 billion.
Its subsidiary, the China Time-honored Brand "Quxiang," was founded in 1938 and is renowned for its premium ingredients. By the 1940s, it had already gained fame across Guangdong, Hong Kong, and Macau. Its flagship product, mooncakes, is exported to 124 countries and regions.