MONDAY, JULY 15, 1991
5
INCREASES OF ACTIVITY FOR COMPANY REGISTRY
FOR
THE
THERE HAVE BEEN INCREASES OF ACTIVITY IN MOST AREAS FIRST 6 MONTHS OF 1991 WHEN COMPARED WITH THE 1990, ACCORDING TO FIGURES RELEASED BY THE REGISTRAR GENERAL, MR
SAME PERIOD OF GLEESON, FOR THE COMPANIES REGISTRY TODAY (MONDAY).
THE COMPANIES REGISTRY FIGURES SHOWED THAT THE TOTAL NUMBER COMPANIES ON THE REGISTER AT THE END OF JUNE 1991 AS COMPARED THE TOTAL NUMBER AT THE END OF DECEMBER 1990 HAD INCREASED BY 7% 265,452 TO 284,045.
MEANWHILE, THE NUMBER OF NEW COMPANIES FIRST 6 MONTHS OF 1991 HAD INCREASED 66% FROM COMPARED WITH THE CORRESPONDING PERIOD OF 1990.
NOEL
OF
WITH
FROM
REGISTERED
12,513 TO
DURING
20,797 AS
THE
AT
NAME
SYSTEM REDUCED
FOLLOWING THE DISCONTINUANCE OF THE NAME RESERVATION SYSTEM THE END OF NOVEMBER 1990 AND THE INTRODUCTION OF THE NEW IN MARCH 1991, THE TIME TAKEN TO REGISTER A NEW FROM AN AVERAGE OF 6 WEEKS TO 7 WORKING DAYS.
COMPANY
WAS
ESTABLISHED
A
THE TOTAL NUMBER OF OVERSEA COMPANIES WHICH HAD PLACE OF BUSINESS IN HONG KONG UNDER PART XI OF ORDINANCE AT THE END OF JUNE 1991 AS COMPARED WITH
THE COMPANIES THE TOTAL AT THE END OF DECEMBER 1990 INCREASED BY 3% FROM 2,635 TO 2,727.
NUMBER
PLACE OF
THE NUMBER OF NEW OVERSEA COMPANIES ESTABLISHING A BUSINESS IN HONG KONG UNDER PART XI DURING THE FIRST 6 MONTHS OF WAS 200, AN INCREASE OF 8% COMPARED WITH THE FIRST 6 MONTHS OF 1990.
NO SEPARATE STATISTICS ARE MAINTAINED ON HOW MANY COMPANIES INCORPORATE LOCAL SUBSIDIARIES OR TAKE UP A SHAREHOLDING IN A HONG KONG COMPANY.
1991
OVERSEA MAJORITY
IN THE FIRST HALF YEAR OF 1991 EXISTING COMPANIES INCREASED THEIR NOMINAL CAPITAL BY $13,898 MILLION, A DECREASE OF 15% TO THE
COMPARED SAME PERIOD OF 1990, WHILE THE NOMINAL CAPITAL COMPANIES INCORPORATED DURING JANUARY JUNE 1991 INCREASED FROM $1,577 MILLION TO $2,139 MILLION COMPARED WITH THE SAME IN 1990.
—
OF NEW BY 36% PERIOD
ASSETS
THE TOTAL AMOUNT SECURED BY CHARGES REGISTERED ON THE OF COMPANIES INCREASED BY 40% FROM $32,637 MILLION TO $45,578 MILLION, AND THE NUMBER OF CHARGES FILED IN THE FIRST 6 MONTHS OF 1991 HAD INCREASED BY 8% FROM 14,467 TO 15,643 OVER THE FIRST 6 MONTHS OF 1990, WHILE THE AMOUNT REPAID ON CHARGES, AS EVIDENCED BY CERTIFICATES OF SATISFACTION, DECREASED BY 55% FROM $8,970 MILLION TO $4,057 AND THE NUMBER OF CERTIFICATES HAD INCREASED
MILLION, BY 21% FROM 7,656 IN THE SAME PERIOD.
6,345 TO
DURING THE PERIOD, A TOTAL OF 93 PROSPECTUSES OF PUBLIC COMPANIES, INCLUDING 55 IN RESPECT OF MUTUAL FUNDS, WERE APPROVED AS AGAINST 72 PROSPECTUSES, INCLUDING 51 IN RESPECT OF MUTUAL FUNDS, DURING THE CORRESPONDING PERIOD IN 1990.
/THE NUMBER