country / territory
2018
r2019
89 304 86 769
80 077
59 194
31 283
0 20 000 40 000 60 000 80 000 100 000
British Virgin Islands
Hong Kong Cayman Islands
Mainland China
Others Million MOP
Distribution of stock of inward direct investment by industry
Industry
Proportion (%)
Δ (p.p.) 2018r 2019
Gaming 46.2 52.3 6.1
Banks & Other Financial
Activities 21.4 20.3 -1.2
Wholesale & Retail 10.5 9.1 -1.4
Real Estate Development,
Leasing & Sale Activities 7.4 5.6 -1.8
Insurance 4.3 3.7 -0.6
Construction 4.1 3.5 -0.6
Others 6.1 5.5 -0.6
直接投資統計 二零一九年
Inward Direct Investment
Within the inward direct investment stock in the Gaming sector, the proportion of stock from the Cayman Islands grew by 10.2 percentage points to 42.4%, whereas the shares for the British Virgin Islands and Hong Kong dropped by 8.3 percentage points and 1.4 percentage points to 35.6% and 17.8% respectively.
Inward direct investment stock in Banks & Other Financial Activities came mainly from mainland China, taking up 63.8% of the total, up by 0.3 percentage points year-on-year.
In the Wholesale & Retail sector, direct investment stock from Hong Kong constituted 44.6% of the total, down by 7.9 percentage points year-on-year. Meanwhile, the proportion of stock from mainland China rose by 4.3 percentage points to 27.9%.
On the other hand, stock of inward direct investment from mainland China was concentrated in Banks & Other Financial Activities, at MOP 44.87 billion, constituting 75.8% of the total stock from mainland China, which was followed by the Wholesale & Retail sector at 14.9%.
Stock of inward direct investment of past years
Million MOP
2014 2015r 2016r 2017r 2018r
Total 226 089 236 880 250 490 270 071 286 042
Industry Of which:
Gaming 127 487 120 054 120 125 112 220 132 120
Banks & Other Financial Activities 37 845 46 456 50 789 56 413 61 295
Wholesale & Retail 22 421 26 189 28 325 31 267 30 064
Country / Territory Of which:
British Virgin Islands 52 517 54 986 59 028 70 330 81 895
Mainland China 26 315 34 543 39 071 46 918 51 177
Hong Kong 54 089 59 432 68 633 85 335 79 649
Cayman Islands 72 336 64 875 54 375 41 857 45 747
Note: As from 2017, the coverage has been extended to “Real Estate Development, Leasing & Sale Activities” and the industrial classification of some enterprises has been adjusted; therefore, it is not appropriate to make a direct comparison of data from 2017 onwards with those of previous years.
Stock of inward direct investment
Million MOP Industry /
Country or territory
2018r 2019
Stock Proportion Stock Proportion Gaming 132 120 100.0 181 208 100.0 Of which:
Cayman Islands 42 460 32.1 76 788 42.4 British Virgin
Islands 58 019 43.9 64 526 35.6 Hong Kong 25 361 19.2 32 247 17.8 Banks & Other
Financial Activities 61 295 100.0 70 287 100.0 Of which:
Mainland China 38 971 63.6 44 874 63.8 Hong Kong 13 932 22.7 15 659 22.3
Wholesale & Retail 30 064 100.0 31 566 100.0 Of which:
Mainland China 7 105 23.6 8 810 27.9 Hong Kong 15 770 52.5 14 070 44.6
Estatísticas do Investimento Directo 2019 Direct Investment Statistics 2019
直接投資統計 二零一九年
31
Outward Direct Investment
In order to give a better understanding of outward direct investment by Macao enterprises, the 2019 report incorporates, for the first time, data on direct investment made by Macao enterprises in mainland China that were collected by field staff of DSEC based on the information published by the Mainland authority.
Relevant statistics date back to 2018.
There were 835 Macao enterprises* involved in outward direct investment in 2019, a growth of 42 year-on-year.
In 2019, outward direct investment flows of Macao enterprises soared by 292.8% year-on-year to MOP 4.53 billion, attributable to an increase in loans granted abroad by Macao enterprises. Analysed by outward investment destination, direct investment outflow to mainland China dropped by 6.7% to MOP 4.07 billion.
Meanwhile, outward direct investment income of Macao enterprises slid by 18.7% year-on-year to MOP 1.60 billion.
As at the end of 2019, stock of outward direct investment increased by 9.4% year-on-year to MOP 55.49 billion. Regarding investment destination, outward direct investment stock in mainland China grew by 10.4% year-on-year to MOP 45.55 billion, while that in Hong Kong edged down by 0.1% to MOP 10.56 billion.
Analysed by industry of Macao enterprises, the stock of outward direct investment made by enterprises engaged in Real Estate Development, Leasing & Sale Activities, the Gaming sector and the Wholesale &
Retail sector increased by 6.1%, 5.9% and 0.2% to MOP 16.23 billion, MOP 6.62 billion and MOP 10.05 billion respectively.
Stock of outward direct investment by investment destination
2018
r2019
55 485
45 547
10 562
-2 776
2 152
-10 000 0 10 000 20 000 30 000 40 000 50 000 60 000
Total Mainland China
Hong Kong British Virgin Islands
Others Million MOP
Stock of outward direct investment
Million MOP Industry of
Macao enterprises 2018r 2019 Year-on-year difference
Total 50 704 55 485 4 781
Of which:
Real Estate Development,
Leasing & Sale Activities 15 295 16 226 930 Wholesale & Retail 10 021 10 046 25
Gaming 6 244 6 616 371
Banks & Other Financial
Activities 2 920 4 160 1 241
Industrial Production 2 176 2 471 295
* Of which 48 enterprises did not provide financial data on investment for calculating flows and income.
直接投資統計 二零一九年
Outward Direct Investment
Outward direct investment of Macao enterprises in mainland China was concentrated in Guangdong, with the stock of investment rising by 11.0% year-on-year to MOP 33.47 billion, which constituted 73.5% of the investment in mainland China. Investment stock in Zhejiang and Shanghai rose by 23.0% and 15.3% to MOP 2.75 billion and MOP 1.56 billion respectively, while that in Beijing decreased by 0.3% to MOP 2.34 billion.
The stock of outward direct investment made by Macao enterprises in the Mainland cities in the Greater Bay Area increased by 11.6% year-on-year to MOP 32.86 billion, comprising 72.2% of the investment in mainland China, up by 0.8 percentage points year-on-year. Investment stock in Zhuhai rose by 8.5% to MOP 23.68 billion (with the stock in Hengqin expanding by 11.1% to MOP 17.01 billion). The stock in Guangzhou grew by 17.9% to MOP 3.04 billion, while that in Zhongshan fell by 0.4% to MOP 2.27 billion.
A total of 691 enterprises invested in the Mainland cities in the Greater Bay Area, an increase of 35 year-on-year.
Stock of outward direct investment in Mainland cities in Greater Bay Area
Million MOP
23 678 3 038
2 267 1 681
1 578 622
2018
r2019
Zhuhai Guangzhou
Zhongshan Jiangmen
Foshan Others
Stock of outward direct investment in mainland China Million MOP Province / Municipality Stock Year-on-year
difference
Total 45 547 4 277
Guangdong 33 472 3 324
Of which:
Zhuhai 23 678 1 851
Hengqin 17 009 1 706
Guangzhou 3 038 461
Zhongshan 2 267 - 10
Zhejiang 2 747 514
Beijing 2 341 - 8
Shanghai 1 561 208
Principal indicators of outward direct investment
Million MOP Flows* Change (%) Income* Change (%) Stock Change (%)
Total 4 531 292.8 1 603 -18.7 55 485 9.4
Industry,
of which:
Real Estate Development, Leasing &
Sale Activities 883 -41.5 768 4 029.1 16 226 6.1
Wholesale & Retail - 317 .. 314 41.1 10 046 0.2
Gaming 373 -63.4 118 -90.6 6 616 5.9
Banks & Other Financial Activities 1 414 134.6 515 105.2 4 160 42.5
Industrial Production 289 264.3 158 -16.0 2 471 13.6
Investment Destination, of which:
Mainland China 4 073 -6.7 1 795 403.7 45 547 10.4
Hong Kong - 23 .. - 197 .. 10 562 -0.1
British Virgin Islands - 647 .. - 4 .. -2 776 ..
Note: Besides the factor of equity withdrawal, negative values of investment flows may result from debt transactions between enterprises and affiliate companies abroad or other factors.
* Of which 48 enterprises did not provide financial data on investment for calculating flows and income.
Estatísticas do Investimento Directo 2019 Direct Investment Statistics 2019
直接投資統計 二零一九年
33
Outward Direct Investment
Stock of outward direct investment of past years
Million MOP
2014 2015r 2016r 2017r 2018r
Total 30 654 23 525 15 402 29 409 50 704
Industry Of which:
Wholesale & Retail 3 375 3 388 3 656 3 997 10 021
Gaming 25 720 18 297 8 052 5 231 6 244
Investment Destination Of which:
Mainland China 4 433 4 561 5 964 16 882 41 270
Hong Kong 5 577 5 616 6 489 13 183 10 576
Note: 1. As from 2017, the coverage has been extended to “Real Estate Development, Leasing & Sale Activities” and the industrial classification of some enterprises has been adjusted; therefore, it is not appropriate to make a direct comparison of data from 2017 onwards with those of previous years.
2. As from 2018, the coverage has been extended to include data on direct investment made by Macao enterprises in mainland China that were collected by field staff of DSEC based on the information published by the Mainland authority.
直接投資統計 二零一九年