Newly incorporated companies totaled 4,111, a decrease of 1,323 year-on-year in 2022. The total value of registered capital surged by 999.0% to MOP14.93 billion owing to the incorporation of companies with relatively large capital in Financial Activities during the year.
The number of companies in dissolution was 718 in 2022, and the value of registered capital of these companies amounted to MOP552 million.
In the third quarter of last year, the business sector has faced renewed headwinds under the recent Covid-19 pandemic outbreak that led to the city’s partial lockdown.
A total of 261 small and medium enterprises (SMEs) which benefited from government support measures have already closed their doors due to bankruptcy, data from the Economic and Technological Development Bureau (DSEDT) in August shows. The bureau noted that 80 of these shutdowns were recorded in the first three months of 2022.
In terms of the origin of capital, mainland China contributed MOP141 million (66.9% of the total) to the capital of newly incorporated companies. Capital from the mainland cities in the Greater Bay Area totaled MOP80 million, of which Shenzhen accounted for 90%. Staff Reporter
