Chow Tai Fook was founded in 1 and 1929. It is one of the four major jewelry brands in China Mainland and Hongkong, and it was established earlier. The People's Bank of China was issued by the State Administration for Industry and Commerce in 2004. In contrast, Chow Tai Fook's brand influence is greater, and the price is naturally more expensive than that of the People's Bank of China.
2. Chow Tai Fook has a high market positioning. In order to establish its own reputation, it has spent a lot of money on advertising fees and physical location of stores, and the People's Bank of China has adopted an emerging Internet business model to reduce the operating costs of physical stores, so the price of the People's Bank of China is cheaper than that of Chow Tai Fook.