Core Viewpoint - New World Development (00017) clarifies that it is not engaged in any debt management projects for its perpetual securities and has not received any equity financing proposals from investors [1] Group 1 - The company is aware of media reports regarding potential debt management projects related to its perpetual securities [1] - The company explicitly states that it is not undertaking any debt management initiatives for its perpetual and other debt securities [1] - The company has not received any suggestions for equity financing from investors [1]

Core Viewpoint - New World Development (00017) clarifies that it is not undertaking any debt management projects for its perpetual securities and has not received any equity financing proposals from investors [1] Group 1 - The company is aware of media reports regarding potential debt management projects related to its perpetual securities [1] - The company confirms that it is not engaged in any debt management initiatives for its perpetual and other debt securities [1] - The company has not received any suggestions for equity financing from investors [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 (於香港註冊成立之有限公司) (股份代號: 0017) 自願公告 本公告乃由 New World Development Company Limited（新世界發展有限公司） （「本公司」，連同其附屬公司，統稱「本集團」）自願出具。 本公司知悉若干媒體報導指本公司正準備就其永續證券進行債務管理項目, 以及來 自投資者的潛在股權融資。 本公司謹此澄清： 本公司將根據香港聯合交易所有限公司證券上市規則、證券及期貨條例（第 571 章） 及╱或其他適用法律法規的披露要求，適時另行刊發進一步公告。 兹建議股東、債務及其他證券持有人及潛在投資者不要依賴有關本集團的市場傳言。 有關本集團的任何資訊僅應以本公司的官方公告為準。股東、債務及其他證券持有 人及潛在投資者於買賣本公司證券時務請審慎行事。 承董事會命 New World Development Company Limited (新世界發展有限公司) 聯席公司 ...

Core Viewpoint - Hong Kong real estate stocks experienced significant gains towards the end of trading on October 20, with notable increases in share prices for several major companies [1] Company Summaries - Kowloon Development (01997.HK) saw a rise of 4.36%, reaching HKD 22.48 [1] - Hysan Development (00014.HK) increased by 3.01%, trading at HKD 16.09 [1] - Swire Properties (01972.HK) rose by 2.14%, with shares priced at HKD 21.92 [1] - New World Development (00017.HK) gained 1.36%, with a share price of HKD 7.43 [1]

Core Viewpoint - The Hong Kong real estate market is experiencing a positive shift, highlighted by a significant transaction involving Alibaba Group and Ant Group purchasing a commercial property for 6.6 billion HKD, marking the largest office sale in Hong Kong this year [1] Group 1: Market Reaction - Hong Kong real estate stocks saw an increase, with Wharf Real Estate Investment (01997) rising by 4.36% to 22.48 HKD, Hysan Development (00014) up by 3.01% to 16.09 HKD, Swire Properties (01972) increasing by 2.14% to 21.92 HKD, and New World Development (00017) gaining 1.36% to 7.43 HKD [1] Group 2: Transaction Details - On October 17, Alibaba Group and Ant Group announced their acquisition of the 13th floor of the One Island East building in Causeway Bay for 6.6 billion HKD, which serves as their headquarters in Hong Kong [1] - This transaction surpasses the previous record set in March when the Hong Kong Stock Exchange purchased the first phase of the Central Trading Plaza for 6.3 billion HKD, making it the largest office sale in Hong Kong this year [1] Group 3: Analyst Insights - JPMorgan released a report indicating that this large transaction will help stabilize the capitalization rate of Hong Kong's office market and reduce commercial real estate risks [1] - The report suggests that more leading companies from mainland China may be interested in purchasing office properties in Hong Kong for their regional or non-mainland headquarters [1] - The stabilization of Hong Kong's office capitalization rate is expected to benefit Hong Kong Land and Swire Properties, while the transaction may negatively impact Wharf Real Estate Investment due to the likelihood of Alibaba relocating from Times Square [1]

Group 1: Office Market Performance - In Q3 2025, Shanghai's Grade A office net absorption reached 190,400 square meters, driven by cost-driven relocations and upgrades, with some industries showing expansion demand [1] - The overall vacancy rate for office buildings in Shanghai decreased by 0.1 percentage points quarter-on-quarter, with the central business district (CBD) vacancy rate dropping by 0.6 percentage points and non-CBD areas by 0.5 percentage points [1][2] - The total net absorption for the first three quarters of 2025 surpassed the entire previous year's level, reaching 270,000 square meters [1] Group 2: Rental Trends and Demand - Rental rates for office buildings continued to decline in Q3 2025, maintaining a favorable environment for tenants, influenced by the ongoing influx of new projects [2] - The demand for retail properties remained active, with net absorption in the city reaching approximately 105,500 square meters despite no new supply in Q3 2025 [3][4] Group 3: Retail Market Insights - The core shopping districts in Shanghai saw a vacancy rate decrease of 0.8 percentage points in Q3 2025, driven by brands' demand for flagship and concept stores [4] - Retail leasing activity increased significantly in tourist-heavy areas like Nanjing East Road and Xintiandi, with notable improvements in net absorption [4] Group 4: Investment Market Dynamics - The investment market in Shanghai showed signs of recovery in Q3 2025, with office transactions regaining dominance and investor interest in stable cash flows driving transactions [6][7] - A significant transaction involving the Shanghai Bohua Plaza project was completed at a price of approximately 10.8 billion yuan, marking a record for single transactions in two years and boosting confidence in core city assets [7] - Investment demand accounted for 91% of the market, indicating a strong focus on capital allocation, with high-net-worth investors and various corporate buyers actively participating [7]

Core Insights - Webb-site released the ranking of director remuneration for Hong Kong listed companies over the past 20 years, highlighting that 31 individuals earned over 100 million HKD in total compensation for the year 2024, with Li Xiang of Ideal Auto leading at nearly 680 million HKD [1] Group 1: Top Earners - Li Xiang, Chairman and CEO of Ideal Auto, ranks first with total compensation of nearly 680 million HKD [1] - Wang Xuning, Chairman of JS Global Life, and Li Jie, Founder and Chairman of J&T Express, rank second and third with total compensations exceeding 520 million HKD and 519 million HKD respectively [3] - Liu Qiangdong, Chairman of JD.com, dropped two places to fourth with nearly 449 million HKD, while Peng Yongdong, Chairman and CEO of Beike, fell to fifth with 426 million HKD [3] Group 2: Notable Rankings - JS Global Life and Beike each have two directors in the top ten, with Wang Xuning and CFO Han Run ranking second and ninth, and Peng Yongdong and co-founder Shan Yigang ranking fifth and seventh respectively [5] - Ho Yulong, Chairman and CEO of Melco International, ranks tenth with compensation of nearly 214 million HKD, an increase of one rank from the previous year [5] Group 3: Other High Earners - Other directors earning over 100 million HKD include Li Zeju, Chairman of Cheung Kong, at 212 million HKD, ranking 11th, and Noel Quinn, CEO of HSBC, at 128 million HKD, ranking 23rd [7] - Bill Winters, CEO of Standard Chartered, ranks 29th with over 103 million HKD, while Zheng Jiachun, Chairman of New World Development, ranks 32nd with 98.83 million HKD [7] - Tencent's Chairman Ma Huateng ranks 92nd with compensation of 47.94 million HKD [7] - Shi Liqian, known as the "Independent Director King" for serving on 15 companies' boards, ranks 878th with 7.119 million HKD [7]

Core Insights - The opening of Guangzhou Hanxi K11 marks a significant cultural consumption initiative, aiming to create a space that attracts youth and families through cultural engagement [1][2] - The K11 brand is evolving to meet the demands of younger consumers who prioritize experience, culture, and value in their shopping environments [2][4] Group 1: Cultural and Consumer Trends - Cultural consumption is identified as a key growth area in the current market, with K11 providing a cultural space for community engagement [1][2] - The recent exhibition at Hanxi K11 features 14 giant art sculptures, making art accessible and engaging for the general public [2] - During the recent holiday period, Hanxi K11 attracted nearly 700,000 visitors within the first week of opening, with overall sales for K11 during the Golden Week increasing by 23% year-on-year [2] Group 2: Strategic Development and Market Positioning - K11's strategy emphasizes local cultural integration, with different locations adapting to their unique community needs, such as family-oriented experiences in Hanxi K11 [3][4] - New World Development's long-term approach to commercial complex development focuses on creating spaces that reflect local culture and stories, rather than imposing a fixed template [4][5] - The company has maintained a strong growth trajectory in both Hong Kong and mainland China, leveraging strategic policies to boost consumer engagement [4][6] Group 3: Future Outlook and Regional Focus - The Greater Bay Area is highlighted as a key region for economic development, with New World Development positioning itself to capitalize on this growth through innovative commercial strategies [6][7] - The opening of the second K11 in Guangzhou signifies a new phase in the company's expansion within the Greater Bay Area, enhancing its brand presence and market appeal [7] - New World Development aims to create a synergistic ecosystem in the Bay Area, focusing on cultural consumption and regional integration to enhance overall commercial attractiveness [7]

Group 1 - The core point of the news is that Zheng Zhigang, a prominent entrepreneur from Hong Kong, has been appointed as the Chairman of the Board for Crisp Momentum Inc., a U.S. short video content production and distribution company, after resigning from his positions at New World Development [1][2]. - Zheng Zhigang has acquired approximately 24% equity in Crisp Momentum Inc. through his wholly-owned ALMAD Group [1]. - Zheng's resignation from New World Development was to allocate more time for public service and personal matters, highlighting his shift in focus towards new ventures [2]. Group 2 - Crisp Momentum Inc. is building a platform that connects global creators with audiences, emphasizing the significance of mobile video as a powerful narrative medium [3]. - With Zheng's vision and investment, Crisp Momentum Inc. is poised to expand its brand scale and enhance mobile-first entertainment experiences for millions of users worldwide [3]. - Zheng believes that short video content is reshaping interactions with culture, information, and entertainment, and he sees potential for Crisp Momentum Inc. to become a global industry leader [3].

Core Viewpoint - Hong Kong's retail sales in August increased by 3.8% year-on-year to HKD 30.3 billion, marking the fourth consecutive month of growth, surpassing market expectations of 2% and the bank's forecast of 1% [1] Retail Sales Performance - The year-to-date retail sales decline narrowed to 1.9% for the first eight months, an improvement from the 2.6% decline in the first seven months [1] - The bank anticipates that retail sales for the entire year may stabilize at a flat level, primarily driven by an increase in visitor numbers to Hong Kong [1] Visitor Impact - The increase in retail sales is significantly attributed to the rise in visitor numbers, with mainland Chinese and long-haul travelers growing by 15% and 23% year-on-year, respectively [1] - The month also saw several large-scale events that contributed to the retail sales boost [1] Sector Performance - Luxury goods sales showed strong performance, likely due to increased spending by travelers and a low base effect, while essential goods sales remained weak [1] - Companies such as Wharf Real Estate Investment (01997) and Hysan Development (00014) may benefit from this trend, although there are concerns regarding rental pressure and increased shopping at mainland duty-free stores [1] - New World Development (00017) is expected to capture a larger market share in the Tsim Sha Tsui area [1]