- CEO
- Shao Mei Huang
- Full Time Employees
- 9,200
- Sector
- Finance
- Industry
- Real estate development
- Address
- New World Tower Hong Kong Hong Kong
- IPO Date
- Nov 23, 1972
- Business
- New World Development Company Limited New World Development Company Limited (0017.HK) is a Hong Kong-based investment holding company primarily engaged in property development and investment; it also operates in infrastructure, services, hotels, department stores, and other strategic businesses across Greater China, with a focus on the Greater Bay Area and more than 21 regions in Mainland China. The company develops and invests in residential, retail, office, and industrial properties; manages loyalty programs, fashion retailing, land development, club houses, golf and tennis academies, shopping malls, and the Skycity complex; and provides construction, property management, information technology, financial, project management, estate agency, supply chain, accountancy, and consultancy services. Founded in 1970 and headquartered at New World Tower in Central, Hong Kong, it wholly owns New World China Land Limited and lists New World Department Store China Limited, with total assets of approximately HK$420.3 billion as of June 2025. In recent developments, the company completed an HK$88.2 billion bank facility refinancing in June 2025, reduced US$1.3 billion in debt via an early bond swap in November 2025, and partnered with China Resources Land (Overseas) Limited on residential projects in Yuen Long South within the Northern Metropolis, expecting to deliver around 1,800 units; it also sold its D·PARK mall interest in Tsuen Wan for HK$4.02 billion in 2024 to optimize its portfolio.