HONG KONG, Jan. 23 (Xinhua) -- There were 98,645 new local companies registered in 2008, a 2.1 percent fall on 2007, Hong Kong Companies Registry announced Friday.
The total number of live local companies registered under the Companies Ordinance at the end of last year was 710,766, up by 55,728 on 2007.
There were 872 non-Hong Kong companies registered under Part XI of the Companies Ordinance during the year, a 16.58 percent rise from 748 in 2007. The total number of non-Hong Kong companies stood at 8,487, up by 406 on 2007.
There were 153 prospectuses, including those from 44 mutual funds, registered in 2008, compared with 259 prospectuses, including 82 from mutual funds, in 2007.
The total number of documents received for filing fell 4.1 percent to 1,859,205.
A total of 3,015,954 searches of document image records were conducted through the Companies Registry's Electronic Search Services, a 3.78 percent rise.
The number of searches of the computerized Index of Directors grew by 26.97 percent to 237,764, from 187,264 in 2007, while the number of Company Particulars Reports issued rose 16.86 percent to 157,325.
The total number of summonses issued by the Registrar of Companies in 2008 against firms for breaches of the Companies Ordinance, mainly for failure to file annual returns, was 5,442, a fall of 11.15 percent from 6,125 in 2007.
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