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]

Core Insights - In the second quarter of this year, a total of 1,107 new companies were established in Macau, primarily in the wholesale retail and business services sectors, with 380 and 326 companies respectively [1] - The number of dissolved companies in the same quarter was 283, resulting in a net increase of 824 companies, which is an increase of 97 companies compared to the first quarter [1] - For the first half of 2025, there were 2,020 new companies and 469 dissolved companies, leading to a net increase of 1,551 companies [1] - The total registered capital for the first half of the year was 300 million Macau dollars [1] Company Formation and Capital - In the second quarter, the registered capital of newly established companies amounted to 97.66 million Macau dollars, with funding sources from Mainland China and Macau accounting for 33.33 million and 42.33 million Macau dollars respectively, representing 34.1% and 43.3% of the total [1] - Funding from cities within the Greater Bay Area totaled 11.53 million Macau dollars, with Zhuhai contributing 45.3% [1] - Companies from Hong Kong contributed 19.49 million Macau dollars [1] Capital Distribution - Among the newly established companies, 791 had registered capital of less than 50,000 Macau dollars, making up 71.5% of the total, corresponding to a capital of 20.33 million Macau dollars, which is 20.8% of the total [1] - There were 12 companies with registered capital of 1 million Macau dollars or more, accounting for 39.4% of the total capital at 38.50 million Macau dollars [1]