FRIDAY, JULY 21, 1989
FIGURES FOR COMMERCIAL ACTIVITIES RELEASED
* * * *
BY RELEASED
THE COMMERCIAL
FIGURES
OF DVISION
THE REGISTRAR GENERAL'S DEPARTMENT INDICATE MAJOR INCREASES IN ACTIVITY IN MONTHS OF MOST AREAS AND MINOR DECREASES IN OTHERS FOR THE FIRST SIX THIS YEAR, COMPARED WITH THE SAME PERIOD LAST YEAR.
THIS WAS REPORTED BY THE REGISTRAR GENERAL,
IN RELEASING THE FIGURES TODAY (FRIDAY).
MR NOEL GLEESON,
IN THE LEVEL OF THE MONTH OF JUNE SAW A SLIGHT DROP OVERALL
REGISTRY. THE MOST SIGNIFICANT WAS ACTIVITIES IN THE COMPANIES
A INCORPORATION, DECREASE IN THE NUMBER OF LOCAL COMPANIES APPLYING FOR
OVER THE MONTHLY AVERAGE REFLECTING A 50 PER CENT DROP
FOR THE
PREVIOUS FIVE MONTHS.
HOWEVER, THE FIGURES FOR JULY TO DATE SHOW AN INCREASE TO AVERAGE LEVELS.
NO DECREASE WAS SEEN IN THE NUMBER OF ESTABLISHING A PLACE OF BUSINESS IN HONG KONG.
MORE
NEW
OVERSEAS COMPANIES
THE REGISTERED WITH
LEVELS OF THOSE
CHARGES
THE JUNE TO
RECORD THE RECENT
OF NUMBERS COMPANIES REGISTRY SHOW A DECREASE IN REGISTERED AT THE BEGINNING OF THE YEAR.
OF
THE COMPANIES REGISTRY FIGURES SHOWED THAT THE TOTAL NUMBER
JUNE COMPANIES REGISTERED UNDER THE COMPANIES ORDINANCE AT THE END OF
END OF DECEMBER 1988 1989 AS COMPARED WITH THE TOTAL NUMBER AT THE
FROM 213,515 TO 231,911 WHILE HAD INCREASED BY NINE PER CENT
THE THE FIRST SIX MONTHS OF NUMBER OF NEW COMPANIES REGISTERED DURING
WITH 1989 HAD INCREASED 54 PER CENT FROM 12,657 TO 19,500 AS COMPARED THE CORRESPONDING PERIOD OF 1988.
A
THE TOTAL NUMBER OF OVERSEAS COMPANIES WHICH HAD ESTABLISHED
IN HONG KONG UNDER PLACE OF BUSINESS
PART XI OF THE COMPANIES THE TOTAL NUMBER ORDINANCE AT THE END OF JUNE 1989 AS COMPARED WITH AT THE END OF DECEMBER 1988 INCREASED BY THREE PER CENT FROM 2,348 2,408.
TO
A PLACE ESTABLISHING
OF FIRST SIX MONTHS OF THE NUMBER OF SUCH
THE NUMBER OF OVERSEAS COMPANIES BUSINESS IN HONG KONG UNDER PART XI DURING THE 1989 WAS 130, AN INCREASE OF NINE PER CENT OVER COMPANIES DURING THE FIRST SIX MONTHS OF 1988.
MANY A
OVERSEAS MAJORITY
MAINTAINED ON HOW NO SEPARATE STATISTICS ARE
LOCAL SUBSIDIARIES OR TAKE UP INCORPORATE COMPANIES SHAREHOLDING IN A HONG KONG COMPANY.
/IN THE