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Launching of Guangdong-Macao Cooperation and Development Fund Facilitates Macao’s Integration in Greater Bay Area Effort
In order to facilitate Macao’s integration in the Guangdong-Hong Kong-Macao Greater Bay Area effort and to implement earnestly the Guangdong-Macao Cooperation Framework Agreement, the signing ceremony of the Guangdong-Macao Cooperation and Development Fund took place in Guangzhou today (4 May). The ceremony, which was jointly witnessed by the Secretary for Economy and Finance of the Macao Special Administrative Region (MSAR), Mr Leong Vai Tac, and Vice Governor of Guangdong Province, Mr Chen Liangxian, symbolised the fund’s immediate inception and operation.
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Company statistics for the 1st quarter of 2018
Information from the Statistics and Census Service (DSEC) indicated that a total of 1,453 new companies were incorporated in the first quarter of 2018, down by 19 year-on-year; total value of registered capital rose by 51.5% to MOP235 million, due to the incorporation of several Transport, Storage & Communications companies with large capital. Analysed by industry, the newly incorporated companies were operating mainly in Wholesale & Retail Trade (582), Business Services (304) and Construction (176). Companies in dissolution totalled 264 in the first quarter, and the value of registered capital of companies in dissolution amounted to MOP117 million.
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Monetary and financial statistics – March 2018
According to statistics released today by the Monetary Authority of Macao, broad money supply continued to fall in March, with the share of patacas remained stable. On the other hand, resident deposits dropped from a month earlier whereas loans to residents posted an increase.
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CE inspects progress at HKZM Bridge Macao boundary crossing area
The Chief Executive, Mr Chui Sai On, today made an inspection of the Macao boundary crossing area of the Hong Kong-Zhuhai-Macao (HKZM) Bridge, to assess the progress made regarding the preparations for its operation.
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