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New World Development Company Limited ("The Group"; Hong Kong Stock Code: 17.HK) is a leading conglomerate based in Hong Kong. The Group was founded in 1970 and publicly listed in Hong Kong in 1972. It is a constituent stock of the Hang Seng Index with a total asset value of HK$378.5 billion as at 31 December 2014. For more than four decades, the Group has expanded from a single focus on the property business to four core areas - New World China Land Limited, New World Department Store China Limited, NWS Holdings Limited and Chow Tai Fook
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