New World Development Company Limited
New World Development Company Limited (HKSE: 17) is trading at HK$6.00, about ₹73 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, up 1.18% today. Indian residents can buy New World Development from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$5.83
Today's high
HK$6.00
52 week low
HK$5.58
52 week high
HK$12.45
17 opened at HK$5.92, closed previously at HK$5.93, and has traded between HK$5.58 and HK$12.45 over the past 52 weeks.
About
Founded in 1970 and headquartered in Central, Hong Kong, New World Development Company Limited functions as an investment holding company with a broad and diverse portfolio of businesses. Its primary focus is property development and investment, encompassing a wide range of residential, retail, office, and industrial properties located across Hong Kong and various international markets. Beyond real estate, the company's extensive operations include commercial aircraft leasing, infrastructure management such as operating expressways, and undertaking both residential and commercial construction projects. It also provides financial services, specifically protection and savings-related life and medical insurance products. Further diversifying its interests, New World Development participates in duty-free operations, general trading, civil engineering, and marketing and promotional activities, including loyalty programs. The company is also involved in fashion retailing and trading, piling and ground investigation, the development and operation of sports parks, household goods stores, convenience stores, and the sale of LED lighting products and systems, alongside trading telecommunication system integration products. In the hospitality and retail sectors, the company manages the Hong Kong Convention and Exhibition Centre, operates hotels (which, as of June 30, 2021, included 18 properties with approximately 7,503 rooms across Hong Kong, Mainland China, and Southeast Asia), golf and tennis academies, shopping malls, and department stores. New World Development also offers an extensive array of services, including information technology, healthcare, training, ticketing, financial services, project management, general management, advertising and media-related services, business and investment consultancy, franchised and non-franchised bus transportation, estate agency, wellness and rehabilitation, endoscopic services, carpark management, supply chain management, and catering. This comprehensive service offering extends to property agency, management, and consultancy. Additionally, the company undertakes specialized façade and foundation works and provides residential and nursing care services for the elderly.
Key statistics
Avg. volume
5.61M
Market cap
HK$15.09B
P/E Ratio
-1.13
Price-to-sales ratio
1.35
Enterprise value
HK$177.94B
Free cash flow yield
-2.95%
Debt-to-equity ratio
1.08
Return on equity
-6.66%
ROIC
-0.14%
Beta
0.99
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
HK$27.71B
Earnings per share
-HK$6.48
Free cash flow
-HK$656.10M
Net profit margin
-110.02%
Gross margin
80.40%
EBITDA
HK$1.71B
Revenue growth
-22.55%
Similar securities
This is not an investment recommendation
How to buy New World Development from India
Indian residents can buy New World Development shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for New World Development and place an order
Find New World Development by name or by its ticker, 17, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. New World Development trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your New World Development position in HKD and INR. New World Development pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in New World Development from India
Trading and taxes when buying New World Development from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneNew World Development does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy New World Development stock?
Yes. New World Development (17) has been listed on the Hong Kong Stock Exchange since 2000, in the Real Estate - Diversified industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one New World Development share cost in rupees?
One New World Development share is HK$6.00 — about ₹73 at an HKD/INR rate of 12.25 on 24 Sep 2026. Both the New World Development price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying New World Development from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of New World Development?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on New World Development shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the New World Development price. Paasa issues a capital-gains statement for your return.
Does New World Development pay a dividend?
No. New World Development does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade New World Development from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on New World Development shares held from India?
Hong Kong has no estate duty.
Do I have to declare New World Development shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your New World Development holding, its cost and its closing value.
How do I sell New World Development and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.