A total of 850 new companies were incorporated in the third quarter of 2011, up by 8.7 percent year-on-year, the Statistics and Census Service said. The majority of the new incorporations are operating in wholesale and retail (341), business services (144) and construction (96). Almost 60 percent of the new companies were established solely by Macau shareholders, while 106 were joint ventures between local shareholders and businessmen from other countries or regions. In the third quarter of 2011, the number of companies in dissolution totalled 125, of which 37 were operating in wholesale and retail, and 25 in business services.
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