New World Development (00017) plans to spin off a securities investment fund for separate listing on the Shanghai Stock Exchange.

Zhito Finance APP News: New World Development (00017) has announced that on September 17, 2026, GF Fund Management Co., Ltd. (as the manager of a securities investment fund) (the Securities Investment Fund Manager) has submitted to the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange (SSE) application materials regarding, among other things, the registration and listing of a publicly offered commercial real estate investment trust fund (securities investment fund) established by the Securities Investment Fund Manager.