In 2023, despite the complicated global economic environment and the ever-changing global geopolitics, China was able to overcome times tougher than expected, demonstrating strong resilience and enormous potential, and leading the world with her infinite strength. Thus, New World remains optimistic about the country’s future development. From five decades until now, we have never wavered in our devotion to the country, and in adhering to her principle directions and policies, and with creative thinking and through pressing on for growth, have kept contributing to building a prosperous society and backing the country in implementing her national strategies.

Echoing Laozi’s words in the Tao Te Ching “The reason heaven and earth endure is that they do not live for themselves”, New World adheres to longtermism in running its business, with its feet on the ground always and eyes on the future. With strong commitment and through exceptional innovation, we are confident of navigating the economic cycle. Our dedication to “walking the high-quality development path” resonates with the country’s strategy of “attaining high-quality development is first and foremost to building a modern socialist country”. We have grown and will grow in pace with the country, advance and prosper with her cities, and with roots deep in Chinese soil, we will strive to build urban landmarks as signatures of the times.

Hong Kong, being a key gateway to the Mainland market, has sped up integrating into the country’s development plan, with development of the Northern Metropolis gaining steam. At New World, we have continued to consolidate our advantages to helping the city develop the new core business district, giving new impetus to the city in sustaining economic growth in the long run.

At the same time, New World has responded to the call of the country to render full support to development and construction of the Guangdong-Hong Kong-Macao Greater Bay Area. We have launched premium projects across Guangzhou, Shenzhen, Shanghai, Hangzhou, and Shenyang, contributing to the high-quality economic development of Mainland China and to making life better for people. Moreover, our urban renewal business has entered the harvesting stage, giving us a renewed and upgraded portfolio for people to have better quality living, while also opening room for cities to attain high-quality development and, in turn, greater shared value conducive to the sustainable development of the society.

We believe in the power of business and innovation and remain positive about the consumer markets in Hong Kong and Mainland China. We will continue to serve the community with our business and empower the city with our culture. With more of our commercial projects in Hong Kong and Mainland China coming to fruition, we shall be yet better poised to promote long-term growth of the Group and create greater value for shareholders and the society.

Time and tide wait for none, as is New World in its development. 

Dr. Cheng Kar-Shun, Henry
Hong Kong, China, 29 February 2024