Number of new companies down in Q2

A total of 1,141 new companies were incorporated in the second quarter of 2016, a decrease of 153 year-on-year, according to information released by the Statistics and Census Service (DSEC).
The total value of registered capital for new companies dropped by 61.8 percent year-on-year to MOP140 million, which was attributed by DSEC to a decrease in capital of new companies registered in the segment “capital of MOP1 million or over”.
Analyzed by industry, there were 400 new incorporations operating in “Wholesale and Retail” and 277 in “Business Services”. Companies in dissolution totaled 228 in the second quarter, and the value of registered capital of companies in dissolution amounted to MOP58 million.
Analyzed by size of registered capital, there were 786 new companies (68.9 percent of the total) registered with capital under MOP50,000, and the total value of that capital was MOP20 million.
On the other hand, there were 24 new companies registered with capital of MOP1 million or over, and the total value of capital amounted to MOP77 million (54.8 percent of total).
As for the origin of capital, the majority came from Macau (MOP77 million) and Mainland China (MOP30 million). Capital from the nine provinces of the Pan-
Pearl River Delta region totaled MOP21 million (93.1 percent of which originated in Guangdong Province).
At the end of the second quarter of 2016, the number of registered companies totaled 54,892, an increase of 3,789 from a year earlier.