XN000022-1992-01-13 — Page 18

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MONDAY, JANUARY 13, 1992

INCREASING COMMERCIAL ACTIVITIES IN HK LAST YEAR

* * * * *

THERE ARE BIG INCREASES OF ACTIVITY IN MOST AREAS IN COMPANIES REGISTRY FOR LAST YEAR WHEN COMPARED WITH 1990, ACCORDING ΤΟ FIGURES RELEASED BY THE REGISTRAR GENERAL, MR NOEL GLEESON, FOR THE COMPANIES REGISTRY OF HIS DEPARTMENT TODAY (MONDAY).

THE COMPANIES REGISTRY FIGURES SHOWED THAT THE TOTAL NUMBER OF COMPANIES NOW REGISTERED UNDER THE COMPANIES ORDINANCE HAD INCREASED BY 15 PER CENT FROM 265,452 TO 304,538.

REGISTERED DURING THE

YEAR HAD

THE NUMBER OF NEW COMPANIES INCREASED BY 68 PER CENT FROM 26,147 TO 43,975.

WHICH

HAD

AN

THE

THE TOTAL NUMBER OF OVERSEA COMPANIES ESTABLISED PLACE OF BUSINESS

IN HONG KONG UNDER PART XI OF COMPANIES ORDINANCE AT THE END OF THE YEAR INCREASED BY 7 PER CENT FROM 2,635 TO 2,828.

THE NUMBER OF NEW OVERSEA COMPANIES ESTABLISHING A PLACE OF BUSINESS IN HONG KONG UNDER PART XI LAST YEAR WAS 402, AN INCREASE OF 15 PER CENT OVER THE NUMBER OF SUCH COMPANIES IN 1990.

NO SEPARATE STATISTICS ARE MAINTAINED ON HOW MANY OVERSEA COMPANIES INCORPORATE LOCAL SUBSIDIARIES OR TAKE UP A MAJORITY SHAREHOLDING IN A HONG KONG COMPANY.

EXISTING COMPANIES INCREASED THEIR NOMINAL CAPITAL BY $28,599 MILLION, A DECREASE OF 14 PER CENT OVER THE INCREASE OF $33,122 MILLION IN 1990.

THE NOMINAL CAPITAL OF NEW COMPANIES INCORPORATED DURING THE YEAR INCREASED BY 30 PER CENT FROM $3,163 MILLION TO $4,097 MILLION.

THE TOTAL AMOUNT SECURED BY CHARGES REGISTERED ON THE ASSETS OF COMPANIES INCREASED BY 29 PER CENT FROM $84,100 MILLION ΤΟ $108,285 MILLION.

THE AMOUNT REPAID ON CHARGES, AS EVIDENCED BY CERTIFICATES OF SATISFACTION, DECREASED BY 17 PER CENT FROM $12,022 MILLION TO $9,998 MILLION.

DURING THE YEAR A TOTAL OF 177 PROSPECTUSES OF PUBLIC COMPANIES, INCLUDING 79 IN RESPECT OF MUTUAL FUNDS. WERE APPROVED COMPARED WITH 154 PROSPECTUSES, INCLUDING 88 IN RESPECT OF MUTUAL FUNDS, DURING THE PREVIOUS YEAR.

THE TOTAL NUMBER OF DOCUMENTS RECEIVED FOR FILING DURING THE YEAR INCREASED BY 21 PER CENT FROM 797,180 TO 967,152.

THE FIGURES FOR LAST YEAR INDICATED MONTHS OF LAST YEAR, 23,178 COMPANIES WERE 20,797 IN THE FIRST SIX MONTHS.

THAT IN THE SECOND SIX REGISTERED COMPARED WITH

/THE TOTAL