Results of the 2nd Quarter 2006 Company Statistics

Information from the Statistics and Census Service shows that in the second quarter of 2006, a total of 771 companies were newly incorporated, with MOP98.40 million in registered capital. Compared with the same quarter of 2005, the number of newly incorporated companies and their registered capital decreased 8.0% and 56.7% respectively. These newly incorporated companies engaged mostly in Wholesale and Retail (250), followed by Business Services (147), Construction (134) and Real Estate (94). On the other hand, 54 companies were dissolved in the second quarter of 2006, with MOP18.66 million in registered capital. Among them, most had engaged in Wholesale and Retail (13), followed by Real Estate (12). Among the stockholders of the newly incorporated companies, 58.9% were Macao residents. In addition, the newly incorporated companies with capital of MOP50 thousand or less accounted for 67.1% (517 companies) of the total number, whereas their capital only made up 14.8% of the total. Meanwhile, 677 of the newly incorporated companies were limited companies. Based on the residence of the stockholders, the capital of the newly incorporated companies in the second quarter of 2006 mostly came from Macao (MOP39.19 million), followed by Mainland China (MOP34.75 million) and Hong Kong (MOP13.54 million). Guangdong Province (MOP5.29 million) topped the list of the capital coming from the Pan-Pearl River Delta provinces. According to the combination of the residence of stockholders, 629 of the newly incorporated companies were established by stockholders from a single country/region, the majority of which (386 companies) were established solely by Macao stockholders, followed by those from Hong Kong (147 companies). The number of the newly incorporated companies with stockholders from Macao and other countries/regions was 116, of which 46 were joint ventures of Macao and Mainland China stockholders and 45 were of Macao and Hong Kong stockholders. The newly incorporated companies with stockholders solely from countries/regions other than Macao totalled 26, of which 8 were joint ventures of Hong Kong and the British Virgin Islands and 5 were of Hong Kong and Mainland China.