CHINA NEWCITY (1321.HK)

China New City Group Limited, an investment holding company, engages in the commercial property development, leasing, and hotel operations in Mainland China and internationally. The company operates through four segments: Commercial Property Development, Property Rental, Hotel Operations, and Others. It develops, owns, operates, and sells integrated commercial complexes in sub-city centers of second-tier cities in the Yangtze River Delta region. The company leases investment properties, including offices and shopping malls; and provides property, project, and theatre management services, as well as education development services. In addition, it owns and operates four hotels, which include the Ningbo Bright Hotel, Huaibei Bright Hotel, Hangzhou Qiandao Lake Bright Resort Hotel, and Zhong An Holiday Inn Hangzhou Xiaoshan. The company was formerly known as China New City Commercial Development Limited and changed its name to China New City Group Limited in November 2023. China New City Group Limited was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China. China New City Group Limited operates as a subsidiary of Ideal World Investments Limited. Show more