Core Insights - The number of newly established companies in Macau increased by 150 to 1,257 in the third quarter, primarily in wholesale and retail, and business services sectors [1] - The net increase in companies was 1,013, which is an increase of 189 compared to the second quarter [1] Group 1: Company Formation - Newly established companies had a total registered capital of 120 million MOP, representing a quarter-on-quarter increase of 20.2% [1] - The sources of capital included 35.2 million MOP from mainland China and 64.45 million MOP from the Macau Special Administrative Region, accounting for 30.0% and 54.9% of the total, respectively [1] - Capital from cities within the Greater Bay Area totaled 20.11 million MOP, with Guangzhou contributing 36.8% [1] Group 2: Company Dissolution - A total of 244 companies were dissolved in the third quarter, leading to a net growth of 1,013 companies [1] - For the first three quarters of 2025, there were 3,277 newly established companies and 713 dissolved companies, resulting in a net increase of 2,564 companies [1] Group 3: Capital Distribution - Among the newly established companies, 895 had registered capital of less than 50,000 MOP, making up 71.2% of the total, with corresponding capital of 22.98 million MOP, which is 19.6% of the total [1] - There were 15 newly established companies with registered capital of 1 million MOP or more, accounting for 40.5% of the total capital at 47.5 million MOP [1] Group 4: Overall Capital Statistics - The total registered capital for the first three quarters of 2025 was 420 million MOP [1]