Information from the Statistics and Census Service (DSEC) indicated that a total of 1,141 new companies were incorporated in the second quarter of 2016, a decrease of 153 year-on-year. Total value of registered capital dropped by 61.8% year-on-year to MOP140 million, attributable to a decrease in capital of new companies registered with capital of MOP1,000,000 or over. Analysed by industry, there were 400 new incorporations operating in Wholesale & Retail and 277 in Business Services. Companies in dissolution totalled 228 in the second quarter, and the value of registered capital of companies in dissolution amounted to MOP58 million. Analysed by size of registered capital, there were 786 new companies (68.9% of total) registered with capital under MOP50,000, and the total value of capital was MOP20 million. On the other hand, there were 24 new companies registered with capital of MOP1,000,000 or over, and the total value of capital amounted to MOP77 million (54.8% of total). As regards origin of capital, the majority of the capital came from Macao (MOP77 million) and Mainland China (MOP30 million). Capital from the 9 Provinces of the Pan-Pearl River Delta Region totalled MOP21 million (93.1% from Guangdong province), of which companies operating in Wholesale & Retail Trade and Information & Related Activities accounted for 52.2% and 24.3% respectively. Analysed by combination of shareholders, there were 778 new companies established solely by Macao shareholders, and 128 joint ventures between shareholders from Macao and other countries or regions. In the first half year of 2016, a total of 2,258 new companies were incorporated, down by 17.9% year-on-year; total value of registered capital decreased by 49.9% to MOP263 million. Number of companies in dissolution totalled 424, and the value of registered capital of companies in dissolution amounted to MOP111 million. At the end of the second quarter of 2016, number of registered companies totalled 54,892, an increase of 3,789 from a year earlier.
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