China news agency, July 13 (Xinhua) Hong Kong Companies Registry in Hong Kong on the 13th announced that the number of local companies newly incorporated in the first half of this year set new records, reaching 95,408, representing an increase of 7.16 percent late last year, which was "registered easy" website the company has 21,978 incorporated. 

As of the end of June, the total number of Hong Kong companies register local companies to 1,233,780, representing an increase of 70,849 at the end of last year. 

Registrar of Companies Ada Chung said March 3 implementation of the new "Companies Ordinance" for the establishment and operation of the company to provide a modern legal framework in Hong Kong, to strengthen corporate governance, business friendly, Bing ensure proper regulation of more. 

In addition, during the first half of this year to set up a place of business in Hong Kong and the newly registered non-Hong Kong companies a total of 393, down 8.18% compared with the second half of last year. As of the end of June, the total number of non-Hong Kong companies registered up to 9432. 

Ada Chung had previously said in Hong Kong to apply for the establishment of an electronic company can be completed within one hour.

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