Skip to main content

Jan retail sales up 0.9%

The value of total retail sales in January, provisionally estimated at $36.5 billion, rose 0.9% compared with the same month in 2023, the Census & Statistics Department announced today.   After netting out the effect of price changes over the same period, the provisional estimate represents a 1.2% year-on-year decrease.   Of the total retail sales value in January, online sales accounted for 6.5%. Provisionally estimated at $2.4 billion, the value of this segment went down by 20.9% compared with a year earlier.   Noting that retail sales tend to show greater volatility in the first two months of a year due to the timing of the Lunar New Year, the department said the year-on-year comparison of the figures might have been affected to a certain extent.   The value of sales of jewellery, watches and clocks, and valuable gifts increased 25.2% compared with January 2023.   Increases were also recorded in the sales of other consumer goods not elsewhere classified (up 7

132k firms newly registered in 2023

The total number of local companies registered in Hong Kong stood at 1,430,758 at the end of 2023, with 132,246 having been newly registered during the year, the Companies Registry announced today.

 

In 2023, 960 non-Hong Kong companies registered a newly established place of business in Hong Kong under the Companies Ordinance.

 

The total number of registered non-Hong Kong companies reached 14,826 by the end of 2023, up 2.02% year-on-year.

 

As for the licensing of trust or company service providers under the Anti-Money Laundering & Counter-Terrorist Financing Ordinance, a total of 429 licences were granted, taking the number of licensees to 6,945 by the end of 2023.

 

The number of charges paid for registration of properties of companies was 12,368, while the number of notifications of payments and releases was 17,648. There were also 2,997,459 documents delivered to the registry for registration.

 

Meanwhile, 4,925,332 electronic searches of document image records were conducted.

 

There were also 188 limited partnership funds newly registered in 2023, bringing the total number to 737 by the end of the year.

 

The Companies Registry highlighted that it launched the Integrated Companies Registry Information System and a new e-Services Portal on December 27, 2023.

 

On the same day, it also implemented the Unique Business Identifier, whereby the business registration number assigned by the Inland Revenue Department was adopted as the identification number for all entities under the administration of the Registrar of Companies.

 
In addition, the registry launched Phase 3 of its new inspection regime to further enhance protection of sensitive personal information.


http://dlvr.it/T1PH7M

Popular posts from this blog

Legal officer changes proposed

The Government has proposed to amend the law to allow legal officers of the Department of Justice to be appointed as a senior counsel.   At a media session after attending a Legislative Council meeting today, Secretary for Justice Teresa Cheng explained the rationale behind the Government's proposal.   She said: “Why is it that my colleagues in the Department of Justice - who by their qualifications are solicitors but are actually arguing very well and very efficiently with great eloquence and efficacy in the Court of Final Appeal - are not being recognised when they are actually even better than their counterparts? That has always been something that sometimes troubles me.   “And for that reason, I have always been thinking about how we are going to overcome that problem.   “Now, what really triggers my determination to take this further forward is when one of our Deputy Directors of Public Prosecutions, Vinci Lam, took silk on May 29.   “That really showed that the form

CE to meet Congo president

Chief Executive John Lee will meet Democratic Republic of Congo President FĂ©lix-Antoine Tshisekedi Tshilombo at Government House tomorrow, the Hong Kong Special Administrative Region Government announced today.   The Congo president is in the People’s Republic of China for a state visit and will arrive in Hong Kong for a two-day trip. http://dlvr.it/Spnmcs

Skewed remarks about NSL rejected

The Hong Kong Special Administrative Region Government today said it strongly disapproved of and firmly rejected the wanton slanders and smears concerning the implementation of “one country, two systems” and the National Security Law (NSL) in Hong Kong by certain US and UK politicians.   In a statement issued tonight, the Hong Kong SAR Government noted that such slanders and smears were recently made through a statement by certain members of the US Senate on the 26th anniversary of Hong Kong’s return to the motherland and the third anniversary of the implementation of the NSL, and by the House of Commons of the UK Parliament through a debate on the aforesaid third anniversary.   It said it strongly disapproves of and firmly rejects the unfounded remarks and slanders by the US and UK politicians regarding the Hong Kong SAR where “one country, two systems” is successfully implemented.   It also strongly urges the politicians to immediately stop acting against the international law and