Statistics | Number of new companies drops

The number of new companies dropped by 338 to 1,117 in the first quarter of 2016, while the total value of registered capital fell by 21.8 percent to MOP123 million.
According to information released yesterday by the Statistics and Census Service (DSEC), most of the new incorporations were operating in the business services sector (338) or wholesale and retail trade (323). The number of companies in dissolution totaled 196, up by 38 year-on-
year, and the value of registered capital of companies in dissolution increased by 101.8 percent to MOP52 million.
Analyzed by size of registered capital, there were 845 new companies (75.6 percent of the total) registered with capital under MOP50,000, and the total capital of this group  was MOP22 million (18.1 percent of total). Meanwhile, 18 new companies were registered with capital of MOP1 million or over, and the total value of these companies’ capital amounted to MOP66 million.
Regarding the origin of capital, the majority of it came from Macau (MOP71 million) and mainland China (MOP40 million), including MOP28 million from Beijing. Capital from the nine provinces of the Pan-Pearl River Delta region totaled MOP8 million (with 44.6 percent from Guangdong province), of which companies operating in the wholesale and retail trade and the construction industry accounted for 62.5 percent and 16.4 percent respectively.