XN000022-1989-07-21 — Page 2

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