Breakingviews - Hong Kong is not New World's lender of last resort
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 19 2025
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Source: Reuters
New World Development's Debt Crisis: New World Development is facing a critical $11 billion debt refinancing challenge, drawing parallels to the crisis faced by Evergrande, but with some differences in their financial situations and support from banks.
Potential Impact on Hong Kong's Economy: A default by New World could lead to significant repercussions for Hong Kong's property market and economy, prompting discussions about possible government intervention similar to past bailouts, despite current assurances that no such plans are in place.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
