1321.HK

China New City Commercial Development Limited serves as an investment holding company, with its core activities encompassing commercial property development, rental operations, and hotel management, both within Mainland China and internationally. The company's business is structured across four primary divisions: Commercial Property Development, Property Rental, Hotel Operations, and Other Services. It focuses on the creation, ownership, operation, and sale of integrated commercial complexes strategically located in the secondary city centers of the Yangtze River Delta region. Additionally, the firm leases out various investment properties, including office spaces and shopping malls. Its service portfolio extends to property, project, health, and theatre management, alongside educational development initiatives. The company's hotel assets include four distinct properties: the Holiday Inn Hangzhou Xiaoshan, the Qiandao Lake Bright Resort Hotel, the Ningbo Bright Hotel, and the Huaibei Bright Hotel. Founded in 1997, China New City Commercial Development Limited is headquartered in Hangzhou, People's Republic of China, and operates as a subsidiary of Ideal World Investments Limited.