To Our Shareholders,
City is a people-centered complex system. It is an aggregation of technological advancement, economic development and social evolvement; a network arising from the interactions between citizens and natural environment; and a combination of imagination and reality. From the perspective of an urban ecologist, the ecological quality of a city casts direct impact on the pace of economic and social development. Urban development becomes more constrained by objective conditions such as land, resources, environment, society and economy when evolving to the mature period. By harmonising the conflicts between economic development and urban environment, or through the synergies across regions and expansion of the overall urban development scale and so forth, a city builder contributes to sustainability and creates a perpetual ecological environment in which residents can live in peace.
With the tremendously rapid development of our country and the overall expedition of the integration among Guangdong, Hong Kong and Macao, Hong Kong has vigorously utilized its unique strengths to interact and bond with neighbouring cities. This has key significance to sustainable development, competitiveness improvement and long-term prosperity and stability for the city cluster.
On 1 July 2017, the “Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Bay Area” was signed among the National Development and Reform Commission and the Governments of Guangdong Province, Hong Kong and Macao. Comprising 11 cities, the Guangdong-Hong Kong-Macao Bay Area (“Bay Area”) will be a region with the highest density of population, capital and global patents of the country. Its geographical area, population, economic growth rate, ports handling capacity and airport traffic volume will be comparable to world-renowned bay areas which are based on single-core economy, including San Francisco, New York and Tokyo.
Some research institutions predict that the Bay Area will surpass the three existing bay areas by 2030 to become a new global free economic zone with the highest population and largest economic size in the world. Through innovation and greater regional collaboration, this multi-core development plan will enhance the complementary strengths of the cities in the Bay Area, achieve interconnections in terms of finance, trade, shipping, services, technology and talents, improve and innovate upon a cooperation mechanism, foster the development of industrial value chain, and deliver mutual benefits.
With its long-standing commitment to developing the Greater China market, the New World Group advocates a sustainable model of development and fabricates different products and services that cater to various needs generating from the city evolvement. In full support of China’s development strategies including “The Belt and Road Initiative” and Guangdong-Hong Kong-Macao Bay Area Development, the Group will continue to shoulder the responsibilities as a city builder, contribute to our homeland and plow back to society. Meanwhile, the Group will further enhance the New World brand and, by way of boundless imagination and meticulous planning, create room for sustainable and diversified development and in turn create values for stakeholders and society.
Dr. Cheng Kar-Shun, Henry
Hong Kong, 20 September 2018