Results of the 3rd Quarter of 2005 Company Statistics

Information from the Statistics and Census Service shows that in the third quarter of 2005, 800 companies were newly incorporated, with MOP191.49 million in registered capital. Compared with the third quarter of 2004, the number of newly incorporated companies and their registered capital increased 33.1% and 9.6% respectively. These newly incorporated companies were mostly in Wholesale and Retail sector (215), followed by Construction (175), Business Services (127) and Real Estate (118). On the other hand, 63 companies were dissolved in the third quarter of 2005, with MOP21.72 million in registered capital. Among them, most had engaged in Wholesale and Retail (21), followed by Business Services (16). Among the stockholders of the newly incorporated companies, 55.1% were Macao residents. In addition, newly incorporated companies with capital of MOP50,000 or less accounted for 62.1% (497 companies) of the total number, but their capital only made up 7.5% of the total. Meanwhile, 744 of the newly incorporated companies were limited companies. Based on the residence of the stockholders, the capital of the newly incorporated companies in the third quarter of 2005 mostly came from Hong Kong (MOP74.66 million), followed by Macao (MOP48.60 million) and Portugal (MOP26.01 million). Among the capital from the Pan-Pearl River Delta provinces, Guangdong province topped the list with MOP5.30 million. As regards the combination of the residence of stockholders, 658 of the newly incorporated companies were established by stockholders from a single country/region, the majority of which (362 companies) were established solely by Macao stockholders, followed by those from Hong Kong (202 companies). The number of the newly incorporated companies with stockholders from Macao and other countries/regions was 117, of which 59 were joint ventures of Macao and Hong Kong stockholders and 36 were of Macao and Mainland China stockholders. The newly incorporated companies with stockholders solely from countries/regions other than Macao totalled 25, of which 8 were joint ventures of Hong Kong and Mainland China and 5 were of Hong Kong and the British Virgin Islands.