This object is a two-sided plastic carrier bag being used since the early 1970s. It displays the Hong Kong shop adderss as 194 Queen's Road Central which was the ground floor shop of the Brilliant Building. This building was demolished in the early 1980s for town redevelopment by the government.
The images in this bag were hand-drawn. One side shows a paper gift box. The other side used gold, black, red and white colour scheme displaying the two iconic products as shown in the image here.