Registration of new companies highest in April
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Registration of new companies highest in April
Author:   Article source: Shenzhen daily  Hits:982  Add time:2009-5-28  
  THERE was a record 3,561 company registrations in Shenzhen in April, up 5.8 percent from the same month last year, according to a news release by the city’s industrial and commercial administration Friday.

    The number, the biggest monthly increase since the beginning of 2008, was an increase of 2.1 percent from March.

    Although the combined registered capital of the enterprises in April, 3.9 billion yuan (US$571.43 million) in total, was 32 percent down from April in 2008, it was a 17 percent increase over March, the administration said.

    Nearly 30 percent of the newly registered companies, or 1,034, were in the retail and wholesale sectors.

    The number of companies involved in real estate saw the highest growth rate of 38 percent, followed by scientific research and technological services, which was 18 percent. The figures represented respective increases of 37 and 27 percent compared with the same period last year.

    Other areas with high growth rates were the manufacturing, leasing and business service sectors.

    The figures indicated a strong recovery in investment confidence, the administration said.

    To reduce company registration time, the administration has been enhancing its online registration system, which is at www.szaic.gov.cn. The system offers quick and convenient 24-hour service, including guidelines, application form download services and booking services.

    March was the first month in 2009 to see an increase in the number of newly registered companies month on month.

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