China Resources Beer (Holdings) is China’s largest brewer and a subsidiary of the state-owned China Resources conglomerate. Listed in Hong Kong under ticker 0291, the company has focused exclusively on brewing and distributing beer since 2015, when it divested its non-beer businesses. It sold around 11 million kilolitres of beer in 2025, giving it a 24.6% share of the Chinese market, and operated 59 breweries across 25 provinces at year-end. Its flagship brand, Snow, is the world’s best-selling beer by volume.