NWS Holdings Limited is the conglomerate flagship

Flagship

A flagship is a vessel used by the commanding officer of a group of naval ships, reflecting the custom of its commander, characteristically a flag officer, flying a distinguishing flag...

 of New World Development

New World Development

New World Development Company Limited , based in Hong Kong, is active in property, infrastructure, services and telecommunications. It was established in 1970 with Dr Ho Sin Hang as Chairman and Chow Chi Yuen as Director and General Manager...

. It was established in 2002 when its predecessor, Pacific Ports Company Limited, acquired New World Services Limited from New World Development and the infrastructure assets from New World Infrastructure Limited.

The company is involved in infrastructure

Infrastructure

Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...

 and service businesses in Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

, Mainland China

Mainland China

Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...

 and Macau

Macau

Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...

. Its infrastructure division includes roads, energy

Energy

In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

, water

Water

Water is a chemical substance with the chemical formula H2O. A water molecule contains one oxygen and two hydrogen atoms connected by covalent bonds. Water is a liquid at ambient conditions, but it often co-exists on Earth with its solid state, ice, and gaseous state . Water also exists in a...

 and ports projects. Its service division comprises facilities management (the management of Hong Kong Convention and Exhibition Centre

Hong Kong Convention and Exhibition Centre

The Hong Kong Convention and Exhibition Centre is one of the two major convention and exhibition venues in Hong Kong, along with AsiaWorld-Expo. It is located in Wan Chai North, Hong Kong Island. Built along the Victoria Harbour, it is linked by covered walkways to nearby hotels and commercial...

 and ATL Logistics Centre), contracting (Hip Hing Construction

Hip Hing Construction

Hip Hing Construction Company Limited is a main contractor in Hong Kong undertaking various types of building and civil engineering projects for government and private sectors. It is controlled by NWS Holdings....

 and NWS Engineering), finance

Finance

"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

 (Taifook Securities and New World Insurance) and transportation (New World First Bus

New World First Bus

New World First Bus Services Limited , abbreviated as First Bus and "NWFB", is the third largest public bus operator in Hong Kong.NWFB was established in 1998, taking over China Motor Bus's franchise on 1 September 1998 to provide bus services on Hong Kong Island together with Citybus...

, Citybus

Citybus (Hong Kong)

Citybus Limited is one of the three major bus operators in Hong Kong. It provides both franchised and non-franchised bus service. The franchised route network serves mainly Hong Kong Island, cross-harbour routes , Ocean Park, North Lantau and Hong Kong International Airport...

 and New World First Ferry

New World First Ferry

New World First Ferry Services Limited is a ferry service company in Hong Kong. The company was established in November 1999, when it took over the 8 licensed ferry routes transferred from the Hongkong and Yaumati Ferry...

). It is headed by Henry Cheng

Henry Cheng

Dr. Henry Cheng Kar-shun ; born 1946, Hong Kong), GBS, is a Hong Kong entrepreneur and billionaire.The elder son of Dr...

, the elder son of Dr. Cheng Yu-tung

Cheng Yu-tung

Cheng Yu-tung GBM is a Hong Kong billionaire with extensive business dealings and real estate interests in both Hong Kong and Macau. He owns the privately-held Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed New World group...

, the chairman of New World Development.