New World Department Store China Ltd
has been an independent non-executive Director since June 2007. He is also the chairman of the nomination committee of the Company and a member of the audit committee and the remuneration committee of the Company. He has over 30 years of experience in the financial industry. Mr. Yu is the founder and was the chairman, chief executive officer, and executive director of Oriental Payment Group Holdings Limited until his retirement on 30 July 2019. Mr. Yu was also an independent non-executive director of Power Financial Group Limited. He is the founder and was chairman and executive director of China Smartpay Group Holdings Limited (formerly known as “Oriental City Group Holdings Limited”), all companies are listed on The Stock Exchange of Hong Kong Limited. Prior to establishing Oriental City Group, Mr. Yu worked for Morgan Stanley, AIG Asset Management (Asia) Ltd, and Allianz Dresdner Asset Management.
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New World Department Store China Ltd
New World Department Store China Limited is a Hong Kong-based investment holding company principally engaged in the operation of department stores. The Company operates through two segments. Department Store and Other Related Businesses segment is engaged in the operation of department stores under the brand New World, as well as department stores and shopping malls under the brand Ba Li Chun Tian. This segment operates in the cities of Northern China, South Eastern China and Central Western China. Property Investment segment is mainly engaged in the investment in commercial properties.