The China Chain Store & Franchise Association (CCFA) has recently released its "2026 China Fashion Retail & Fashion Consumption Top 100" list. Among the top 100 fashion enterprises featured, 32 are listed on the Hong Kong Stock Exchange, with one entity, the A.S. Watson Group, a subsidiary of the Hong Kong-listed CK Hutchison Holdings, reportedly planning its own Hong Kong initial public offering.

Additionally, seven fashion companies have already submitted applications to list in Hong Kong, including HLA (600398.SH), Proya Cosmetics (603605.SH), CHJ (002345.SZ), Marubi Biotechnology (603983.SH), Chando, Benature, and Tanboer Group. For the 32 listed companies, their combined 2025 revenue reached 493.901 billion yuan, accounting for 53.9% of the total 916.291 billion yuan generated by all 100 companies.

Among the top 10 on the list, seven are Hong Kong-listed firms, with a combined revenue of 312.592 billion yuan, representing 34.1% of the total. These seven are: CHOW TAI FOOK (01929.HK) in first place, ANTA SPORTS (02020.HK) in second, POP MART (09992.HK) in fifth, LI NING (02331.HK) in sixth, BOSIDENG (03998.HK) in eighth, LAOPU GOLD (06181.HK) in ninth, and TOPSPORTS (06110.HK) in tenth. The complete 2026 China Fashion Retail & Fashion Consumption Top 100 list was published by the CCFA.