CHINA Macao's newly registered company capital surges by 111.2 pct in Q3

CHINA

Macao's newly registered company capital surges by 111.2 pct in Q3

Xinhua

17:53, November 06, 2019

MACAO, Nov. 6 (Xinhua) -- The total value of registered capital of new companies in Macao soared by 111.2 percent to 536 million patacas (about 66 million U.S. dollars) in the third quarter of 2019, the special administrative region's statistics service said here on Wednesday.

The latest report from the Statistics and Census Service (DSEC) indicated that a total of 1,426 new companies were incorporated in the third quarter of 2019, an increase of six year-on-year. The increase of registered capital was attributable to new companies with large capital in financial services.

Analyzed by industry, there were 501 newly incorporated companies operating in wholesale and retail, and 322 in business services.

Meanwhile, companies in dissolution totaled 225 in the third quarter, and the value of registered capital of companies in dissolution amounted to 45 million patacas (about 6 million dollars).

Analyzed by size of registered capital, there were 1,025 new companies (71.9 percent of total) registered with capital under 50,000 patacas (about 6,199 dollars), and the total value of capital was 26 million patacas (about 3 million dollars).

On the other hand, there were 22 new companies registered with capital of 1 million patacas (about 123,977 dollars) or more, and the total value of capital amounted to 454 million patacas (about 56 million dollars), accounting for 84.7 percent of the total.

In the first three quarters of 2019, a total of 4,704 new companies were incorporated, up by 111 year-on-year. The total value of registered capital leapt by 455.4 percent to 4 billion patacas (about 496 million dollars).

The number of companies in dissolution totaled 646 in the first three quarters, and the value of registered capital of companies in dissolution amounted to 202 million patacas (about 25 million dollars).

At the end of the third quarter of 2019, the number of registered companies totaled 70,243, an increase of 5,208 from a year earlier.

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(Photo: VCG)

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