News Analysis
In a move that has rattled investor confidence, New World Development Co. (HKEX: 0017)—one of Hong Kong’s most prominent property developers—has deferred coupon payments on its perpetual bonds, citing liquidity concerns amid ongoing market volatility. The decision has raised concerns among analysts about broader structural vulnerabilities within the city’s real estate and financial sectors, recalling the bond defaults that shook mainland China’s property market in recent years.
