Beijing-based jeweller Laopu Gold has leased approximately 13,000 square feet of office space at One Exchange Square in Hong Kong’s Central district as part of its global expansion strategy, according to two sources familiar with the arrangement. The new premises occupy an entire mid-level floor in the flagship tower, which also houses the Hong Kong Exchanges and Clearing.
The deal, brokered by property consultancy JLL, signals the growing trend of mainland Chinese consumer companies and financial institutions establishing a strong presence in Hong Kong’s core business areas. Recent transactions on the 36th floor of One Exchange Square reportedly commanded monthly rents nearing HK$1.69 million, reflecting the premium value of office spaces in this location. Both Laopu Gold and the building’s landlord, Hongkong Land, declined to comment on the lease.
Founded in 2016, Laopu Gold is known for its handcrafted heritage jewellery and has distinguished itself amid a broader slowdown in China’s consumer market. The company has benefited from sustained demand for gold as a safe-haven asset. Since its listing on the Hong Kong stock exchange in 2024, Laopu Gold’s shares have surged more than tenfold, making it one of the top-performing stocks and drawing strong interest from investors.
The office expansion ties into ambitious international growth plans outlined by chairman Xu Gaoming during the company’s interim results presentation on August 26. Xu committed to opening flagship stores in the United States, Canada, and France in 2027, signaling Laopu’s drive to broaden its global footprint.
Despite Laopu Gold’s upward trajectory, the company faces industry challenges. China’s gold and jewellery consumption fell by 30 percent in the first half of 2026, and a significant correction in international gold prices negatively impacted the group’s second-quarter results. Nevertheless, Xu maintained that the company is under “no earnings pressure.”
In Hong Kong, Laopu Gold currently operates three well-performing boutiques, including its flagship store within the IFC complex in Central. The expansion into One Exchange Square reinforces its commitment to maintaining a strategic foothold in the city’s prime business district, aligning with a broader pattern among Chinese financial and consumer firms seeking to attract global talent and investors through a prominent Central or Admiralty presence.