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FRIDAY, APRIL 18, 1986
COMPANY REGISTRATIONS RISE 12 PER CENT
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THE TOTAL NUMBER OF COMPANIES REGISTERED UNDER THE COMPANIES ORDINANCE IN 1985-86 INCREASED BY 12 PER CENT TO 150 551, COMPARED WITH 134 318 THE PREVIOUS YEAR, ACCORDING TO STATISTICS RELEASED TODAY (FRIDAY) BY THE REGISTRAR GENERAL, MR NOEL GLEESON.
THE NUMBER OF NEW COMPANIES REGISTERED INCREASED BY 28 PER CENT OVER 1984-85, TOTALLING 17 990 COMPARED WITH 14 080.
MR GLEESON ALSO REPORTED MAJOR INCREASES OF ACTIVITY IN MOST AREAS IN THE COMMERCIAL DIVISION OF THE DEPARTMENT DURING THE YEAR.
THE TOTAL NUMBER OF OVERSEAS COMPANIES WHICH HAD
ESTABLISHED A PLACE OF BUSINESS IN HONG KONG AT THE END OF THE YEAR ROSE BY FIVE PER CENT TO 2 122, AS COMPARED WITH 2 017 THE PREVIOUS YEAR.
THE NUMBER OF OVERSEAS COMPANIES ESTABLISHING A PLACE OF BUSINESS IN HONG KONG DURING THE YEAR WAS 257, AN INCREASE OF 27 PER CENT OVER THE PREVIOUS YEAR.
MR GLEESON SAID NO SEPARATE STATISTICS WERE MAINTAINED ON HOW MANY OVERSEAS COMPANIES INCORPORATED LOCAL SUBSIDIARIES OR TOOK UP A MAJORITY SHAREHOLDING IN A HONG KONG COMPANY.
IN 1985-86, EXISTING COMPANIES INCREASED THEIR NOMINAL CAPITAL BY $14 714 MILLION, AN INCREASE OF 20 PER CENT OVER THE RISE OF $12 273 MILLION IN 1984-85, WHILE THE NOMINAL CAPITAL OF NEW COMPANIES INCORPORATED DURING THE YEAR DECREASED BY 6 PER CENT, FROM $3 571 MILLION TO $3 365 MILLION.
THE TOTAL AMOUNT SECURED BY CHARGES REGISTERED ON THE ASSETS OF COMPANIES INCREASED BY 24 PER CENT FROM $29 724 MILLION TO $36 875 MILLION, WHILE THE AMOUNT REPAID ON CHARGES, AS EVIDENCED BY CERTIFICATES OF SATISFACTION, DECREASED BY 37 PER CENT, FROM $13 388 MILLION TO $8 449 MILLIÓN.
DURING 1985-86, A TOTAL OF 117 PROSPECTUSES OF PUBLIC COMPANIES, INCLUDING 66 IN RESPECT OF MUTUAL FUNDS, WERE APPROVED AS AGAINST 85 PROSPECTUSES, INCLUDING 51 IN RESPECT OF MUTUAL FUNDS, DURING THE PREVIOUS YEAR.
THE TOTAL NUMBER OF DOCUMENTS RECEIVED DURING 1985-86 INCREASED BY 21 PER CENT, FROM 380 780 TO 461 046.
THE NUMBER OF ENQUIRIES CONCERNING RESERVATION OF COMPANY NAMES DURING 1985-86 WAS 142 183, A 19 PER CENT INCREASE OVER 119 578 IN 1984-85.
THE TOTAL