interests in jewellery retailing, real estate, hotels, transportation, public utilities, and other businesses. In 1961, Chow Tai Fook Jewellery built a residential building at 265–275 Tai Nan Street, Sham Shui Po, Kowloon. The building was also named after Tai Fook (). The real estate division became the listed company New World Development in 1972; the group, via Chow Tai Fook Enterprises, also made private investments in real estate and hotels. One of the main holding companies of the group, Chow Tai Fook Enterprises Limited, was incorporated on 10 August 1966 in British Hong Kong, while the flagship listed company New World Development Company Limited was incorporated in 1970 in British Hong Kong. The jewellery store chain was incorporated as Chow Tai Fook Jewellery Company Limited in 1961 in British Hong Kong, and a new holding company for the jewellery division was incorporated in the Cayman Islands and listed in the Hong Kong S.A.R., now part of China, as Chow Tai Fook Jewellery Group Limited in 2011. As of 2018, the group also consists of two more parent companies in the group structure, namely Chow Tai Fook Capital Limited and its subsidiary Chow Tai Fook (Holding) Limited. They were incorporated in the British Virgin Islands. Chow Tai Fook (Holding) is the parent company of Chow Tai Fook Enterprises and Chow Tai Fook Jewellery Group. Subsidiaries and affiliates The Chow Tai Fook group, via Chow Tai Fook (Holding) Limited (incorporated in the British Virgin Islands) and Chow Tai Fook Enterprises Limited (incorporated in Hong Kong), owned two listed companies as the significant shareholder: Chow Tai Fook Jewellery Group Limited (, incorporated in the Cayman Islands; 89.3%) and New World Development Company Limited (; 44.39%). New World Development also owned a few listed second-tier subsidiaries (with regard to Chow Tai Fook Enterprises), such as New World Department Store China, NWS Holdings, etc. New World China Land, another second-tier subsidiary, was a listed company until its privatization by New World Development in 2016. The privatization of listed second-tier subsidiary New World Department Store China by New World Development was not approved by the minority shareholders in 2017. Another second-tier listed subsidiary, New World Hotels (Holdings), was privatized by New World Development and Chow Tai Fook Enterprises in 1990. New World Development is a constituent of the Hong Kong blue-chip Hang Seng Index. Chow Tai Fook Jewellery Group, as of 13 October 2016, was the