Shares of New World Development jump after it vows to raise cash flow, cut debt By Reuters

Company Performance: New World Development reported an interim net loss of HK$6.63 billion, leading to a significant share price increase of up to 11.8% as it plans to enhance cash flow and reduce debt through active property sales and reduced capital expenditure.

Debt Concerns: With a net gearing ratio exceeding 88%, analysts express concerns over the company's high debt levels, suggesting that a more concrete deleveraging plan is necessary to avoid potential financial crises similar to those seen in mainland China since 2021.