Information from the Statistics and Census Service shows that in the second quarter of 2005, 838 companies were newly incorporated, with MOP227.36 million in registered capital. Compared with the second quarter of 2004, the number of newly incorporated companies and their registered capital increased 48.6% and 125.5% respectively. These newly incorporated companies were mostly in Wholesale and Retail sector (224), followed by Construction (185), Real Estate (156) and Business Services (132). On the other hand, 55 companies were dissolved in the second quarter of 2005, with MOP63.68 million in registered capital. Among them, most had been engaging in Wholesale and Retail (17), followed by Business Services (12). Among the stockholders of the newly incorporated companies, 58.4% were Macao residents. In addition, newly incorporated companies with a capital of 50 thousand Patacas or less accounted for 63.0% (528 companies) of the total number, and their capital only made up 6.8% of the total. Meanwhile, 779 of the newly incorporated companies were limited companies. Based on the residence of the stockholders, the capital of the newly incorporated companies in the second quarter of 2005 mostly came from Portugal (MOP60.08 million), followed by Macao (MOP57.99 million) and Mainland China (MOP44.66 million). Among the capital from the Pan-Pearl River Delta provinces, Guangdong province topped the list with MOP12.43 million. According to the combination of the residence of stockholders, 692 of the newly incorporated companies were established by stockholders from a single country/region, the majority of which (405 companies) were established solely by Macao stockholders, followed by those from Hong Kong (191 companies). The number of the newly incorporated companies with stockholders from Macao and other countries/regions was 121, of which 53 were joint ventures of Macao and Hong Kong stockholders and 50 were of Macao and Mainland China stockholders. The newly incorporated companies with stockholders solely from countries/regions other than Macao totalled 25, of which 8 were joint ventures of Hong Kong and Mainland China and 4 were of Hong Kong and the British Virgin Islands.