New World Development Co Ltd: Best Investor Relations Team Hong Kong 2019
A goliath of the Chinese real estate market, New World Development Company (NWD), has left an indelible mark on the country’s architectural heritage — and developed a thriving, synchronised ecosystem across diverse industries and services. The group manages a property portfolio comprising well-equipped residential complexes and retail projects, as well as iconic, mixed-use commercial buildings. Since its launch in 1970, NWD has contributed to China’s economic growth and advances in infrastructure through strategic investment and expert management. At the close of 2018, NWD had assets under management valued at HK481.3bn (£46.5bn), and property sales hit a record high at more than HKD28.3bn (£2.74bn). NWD connects customers in residential, professional, and retail communities. It has an eye for inspired aesthetics, and a focus on ease-of-use. Diversification is a key strength of the NWD strategy, with projects ranging from transport hubs to sports centres. It has expanded into the wellness and healthcare sectors through its HUMANSA health brand, and into the insurance market with the acquisition of FTLife Insurance – further strengthening NWD’s aim for synergy across sectors. NWD is publicly listed on the Hong Kong Hang Seng Index, and has three subsidiaries: NWS Holdings, New World Department Store China, and New World China Land. NWD first came to the attention of the CFI.co judging panel in 2017, when it won an award for its pioneering, sustainable business model, and its no-nonsense approach to raising investment funds. The judges are pleased, once again, to present New World Development Company with the 2019 award for Best Investor Relations Team (Hong Kong).
