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The club's name "R&F" is short for "Rich" (富) and "Force" (力) in Mandarin Chinese.
History
R&F were founded and registered at the Hong Kong Football Association in the summer of 2016. As a satellite team of Chinese Super League side Guangzhou City, most of its players were loanees from the Guangzhou City reserves. On 1 August 2016, they were accepted into the Hong Kong Premier League with following conditions: (1) Signing at least eight Hong Kong players. (2) Using at least three Hong Kong players in a match. (3) Sponsoring a cup competition with a fee of $1 million. The club finished their inaugural season in 10th place with 3 wins, 1 draw and 16 defeats in the 2016–17 Hong Kong Premier League, which secured their position in the top flight for the next season.
After another disappointing season, R&F abandoned their mission of training Guangzhou City's reserve players. Starting with the 2018–19 season, the club's budget was increased to HK$50 million and the squad was composed mainly of Hong Kong players. Chairman Huang Shenghua claimed that the club's goal was to win at least one trophy in the season and applied for full membership within the HKFA in order to represent Hong Kong in Asian Football Confederation club competitions. The club finished as runners-up, five points behind Tai Po.
On 28 June 2019, it was confirmed that the HKFA had accepted R&F's proposal to follow the same registration rules as other HKPL clubs. This moved meant that R&F could now register up to seven foreigners, while Chinese passport holders would no longer qualify as local players.
After 4 years in the HKPL, R&F officially announced that they would withdraw from the league on 14 October 2020.