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New World Development Company Limited (0017.HK)

HKSE - HKSE Delayed price. Currency in HKD
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20.150+1.770 (+9.63%)
At close: 04:08PM HKT

New World Development Company Limited

New World Tower
30th Floor 18 Queen’s Road
Hong Kong
852 2523 1056

Sector(s)Real Estate
IndustryReal Estate—Diversified
Full-time employees28,000

Key executives

NameTitlePayExercisedYear born
Dr. Kar Shun Cheng BA, DBA(Hon), GBM, GBS, LLD(Hon), MBAExec. Chairman & MD48.7MN/A1947
Dr. Chi-Kong Cheng J.P., JPExec. Vice-Chairman & CEO46.8MN/A1980
Ms. Chi-Man ChengExec. Director18.4MN/A1981
Mr. Nam-Hoi Sitt B.A. (Hons.), B.Arch., H.K.I.A.Sr. Director of the Project Management Department & Exec. Director18.5M8.24k1954
Ms. Shao-Mei HuangExec. Director23.7MN/A1969
Ms. Wai-Han ChiuExec. Director6.3MN/A1972
Mr. Fu Keung LauChief Financial OfficerN/AN/AN/A
Mr. Aldous ChiuGen. Mang. - Investor RelationsN/AN/AN/A
Mr. Woon Yeo BASr. Director of Sales and Marketing DepartmentN/AN/A1967
Mr. Siu-Cheung Ma J.P.Exec. DirectorN/AN/A1964
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.


New World Development Company Limited, an investment holding company, operates in the property development and investment business in Hong Kong and Mainland China. Its property portfolio includes residential, retail, office, and industrial properties. The company also provides commercial aircraft leasing services; operates expressways; and constructs residential and commercial projects, as well as provides protection and savings-related life and medical insurance products. In addition, it is involved in the duty-free operation and general trading, civil engineering, loyalty program, marketing, promotion, fashion retailing and trading, and piling and ground investigation businesses; and development and operation of sports park. Further, the company manages Hong Kong convention and exhibition centre; operates hotels, golf and tennis academies, and shopping malls; operates department stores; and provides information technology, healthcare, training course, ticketing, financial, project management, management, advertising, business and investment consultancy, estate agency, wellness and rehabilitation, endoscopic, carpark management, supply chain management, and catering services, as well as property agency, management, and consultancy services. Additionally, the company undertakes façade and foundation works; and offers elderly residential services. As of June 30, 2022, it operated a total of 15 hotel properties totalling 5,958 rooms in Hong Kong, Mainland China, and the Southeast Asia. New World Development Company Limited was founded in 1970 and is headquartered in Central, Hong Kong.

Corporate governance

New World Development Company Limited’s ISS governance QualityScore as of 1 December 2022 is 8. The pillar scores are Audit: 1; Board: 5; Shareholder rights: 8; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.