According to Aiqi.com, Laofengxiang Co., Ltd. is a state-owned enterprise. Laofengxiang Co., Ltd. was established in 1992, which belongs to the State-owned Assets Supervision and Administration Commission of Huangpu District, Shanghai. It was renamed from the listed company China First Pencil Co., Ltd. Although it was once a state-owned holding company of 100%, it has now been completely transformed into a listed company with mixed ownership. Lao Fengxiang is a century-old national brand and a famous jewelry brand in China. As a listed company and one of the top 500 enterprises in China, Shanghai Laofengxiang Co., Ltd. evolved from Laofengxiang Jewelry Store, which was founded in 1848. The originality of its trademark "Lao Fengxiang" also stems from the font size of Lao Fengxiang jewelry store. China is a classic jewelry brand spanning three centuries.