According to the World Bank's Doing Business 2017 report, Hong Kong's ranking in "starting a business" went up to third internationally.
The total number of local companies registered under the Companies Ordinance has continued to grow, reaching 1,341,223 at the end of 2016, up 52,557 from the corresponding figure at the end of 2015, according to the statistics released by the Companies Registry today (January 8). In 2016, a total of 144,883 local companies were newly registered with the Companies Registry. For details of the statistics, please visit the "Statistics" section of the Registry's website (www.cr.gov.hk).
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