-
+
THURSDAY, OCTOBER 23, 1986
COMPANY REGISTRATIONS RISE BY 5 PER CENT
*****
THE TOTAL NUMBER OF COMPANIES REGISTERED UNDER THE COMPANIES ORDINANCE AT THE END OF SEPTEMBER THIS YEAR INCREASED BY FIVE PER CENT TO 158 018, COMPARED WITH 150 551 AT THE END OF MARCH, ACCORDING TO FIGURES RELEASED TODAY BY THE ACTING REGISTRAR GENERAL, MR L.S. SHUM.
THE NUMBER OF NEW COMPANIES REGISTERED DURING THE FIRST SIX MONTHS OF THE 1986-87 FINANCIAL YEAR DECREASED BY 16 PER CENT TO 8 617 COMPARED WITH 10 282 IN THE SAME PERIOD OF 1985-86.
MR SHUM ALSO REPORTED INCREASES IN ACTIVITY IN MOST AREAS OF THE DEPARTMENT'S COMMERCIAL DIVISION DURING THE PERIOD.
AT THE END OF SEPTEMBER THE TOTAL NUMBER OF OVERSEAS COMPANIES WHICH HAD ESTABLISHED A PLACE OF BUSINESS IN HONG KONG UNDER PART XI OF THE ORDINANCE INCREASED BY FOUR PER CENT TO 2 201 COMPARED WITH 2 122 AT THE END OF MARCH.
THE NUMBER OF OVERSEAS COMPANIES ESTABLISHING A PLACE OF BUSINESS IN HONG KONG UNDER PART XI DURING THE FIRST SIX MONTHS OF 1986-87 WAS 148, AN INCREASE OF 12 PER CENT OVER THE SAME PERIOD IN 1985-86.
IN THE FIRST HALF OF 1986-87, EXISTING COMPANIES INCREASED THEIR NOMINAL CAPITAL BY $8 650 MILLION, AN INCREASE OF 16 PER CENT OVER THE INCREASE OF $7 464 MILLION IN THE SAME PERIOD OF 1985-86.
THE NOMINAL CAPITAL OF NEW COMPANIES INCORPORATED DURING APRIL-SEPTEMBER INCREASED BY SEVEN PER CENT FROM $1 809 MILLION TO $1 932 MILLION COMPARED WITH THE SAME PERIOD IN 1985-86.
THE TOTAL AMOUNT SECURED BY CHARGES REGISTERED ON THE ASSETS OF COMPANIES INCREASED BY 28 PER CENT FROM $16 581 MILLION TO $21 276 MILLION.
THE NUMBER OF CHARGES FILED IN THE FIRST SIX MONTHS INCREASED BY 42 PER CENT, FROM 5 375 TO 7 636.
ON THE OTHER HAND, THE AMOUNT REPAID ON CHARGES, AS EVIDENCE D BY CERTIFICATES OF SATISFACTION, INCREASED BY 76 PER CENT, FROM $3 389 MILLION TO $5 964 MILLION. THE NUMBER OF CERTIFICATES INCREASED BY 27 PER CENT, FROM 3 286 TO 4 174.
DURING THE PERIOD, A TOTAL OF 50 PROSPECTUSES OF PUBLIC COMPANIES, INCLUDING 30 IN RESPECT OF MUTUAL FUNDS, WERE APPROVED. THIS COMPARED WITH 49 PROSPECTUSES, INCLUDING 23 IN RESPECT OF MUTUAL FUNDS, DURING THE SAME PERIOD IN 1985-86.
THE NUMBER OF DOCUMENTS RECEIVED FOR FILING INCREASED BY FOUR PER CENT, FROM 217 828 TO 227 094.
THE NUMBER