159
160
Table 32: Stock of inward direct investment by country/territory of direct investors
Unit: Million MOP
Total Change Total Change Total Change Total Change
Total 220 772 31 300 232 447 11 675 245 330 12 883 227 422 (17 908) Hong Kong 54 744 7 033 60 250 5 506 69 556 9 306 73 146 3 590 British Virgin Islands 51 876 10 065 54 399 2 523 56 986 2 587 61 739 4 753 Mainland China 26 315 5 027 34 530 8 215 39 145 4 615 45 716 6 571 Cayman Islands 72 336 6 367 65 781 (6 555) 56 036 (9 745) 24 041 (31 995)
Portugal 8 198 835 8 680 482 9 052 372 8 898 (154)
Bermuda 4 238 (806) 4 148 (90) 4 369 221 5 747 1 378 United Kingdom 3 155 (302) 2 727 (428) 4 022 1 295 4 066 44
United States 2 325 .. 2 736 411 5 401 2 665 2 978 (2 423) Singapore 391 123 500 109 593 93 564 (29)
France 263 21 447 184 517 70 497 (20)
Netherlands 371 (97) 347 (24) 306 (41) 275 (31)
Others (3 440) .. (2 098) .. (653) .. (245) ..
Country / Territory
2014 2015 2016
r2017
Notes: r Revised figures .. Not applicable Source: DSEC Of the total inward direct investment stock from Mainland China, MOP 39.30 billion (86.0%) were from Beijing, MOP 3.95 billion (8.6%) from Guangdong province and MOP 2.23 billion (4.9%) from Shanghai. Table 33: Stock of inward direct investment from Mainland China by province or municipality Unit: Million MOP Total Share (%) Change Total Share (%) Change Total Share (%) Change Total Share (%) Change Total 26 315 100.0 5 027 34 530 100.0 8 215 39 145 100.0 4 615 45 716 100.0 6 571 Beijing 24 748 94.0 4 879 32 456 94.0 7 708 35 122 89.7 2 666 39 303 86.0 4 181 Guangdong 1 133 4.3 98 1 345 3.9 212 2 088 5.3 743 3 948 8.6 1 860 Shanghai 1 174 4.5 314 1 519 4.4 345 1 763 4.5 244 2 233 4.9 470Anhui 7 0# - 5 0# (2) 875 2.2 870 878 1.9 3
Fujian 77 0.3 11 102 0.3 25 89 0.2 (13) 93 0.2 4
Zhejiang 86 0.3 9 77 0.2 (9) 24 0.1 (53) 60 0.1 36
Hunan 2 0# - 2 0# - 59 0.2 57 41 0.1 (18) Henan 19 0.1 1 9 0# (10) 7 0# (2) 7 0#
-Mainland province
2017
or municipality
2016
r2014 2015
Notes: 0# Magnitude less than half of the unit employed - Absolute value equals zero r Revised figures Source: DSEC
161
Stock of inward direct investment from Portuguese-speaking countries amounted to MOP 8.91 billion in 2017, down by 1.7% year-on-year; stock from the nine provinces of the Pan-Pearl River Delta Region totalled MOP 4.08 billion, up by 83.0% year-on-year.
Table 34: Stock of inward direct investment by direct investors from specific places
Unit: Million MOP
Total Share
(%) Change Total Share
(%) Change Total Share
(%) Change Total 232 447 100.0 11 675 245 330 100.0 12 883 227 422 100.0 (17 908) European Union 13 162 5.7 772 15 025 6.1 1 863 14 793 6.5 (232) Portuguese-speaking countries 8 691 3.7 493 9 059 3.7 368 8 907 3.9 (152) Portugal 8 680 3.7 482 9 052 3.7 372 8 898 3.9 (154) Belt & Road countries outside of
Greater China
.. .. .. 314 0.1 .. 281 0.1 (33)
Nine Provinces of Pan Pearl River Delta Region
1 454
0.6 234 2 227 0.9 773 4 076 1.8 1 849
Guangdong 1 345 0.6 212 2 088 0.9 743 3 948 1.7 1 860 Fujian 102 0# 25 89 0# (13) 93 0# 4 Others 7 0# (3) 49 0# 42 34 0# (15) Greater Bay Area cities (including
Hong Kong)
61 485
26.5 .. 71 546 29.2 10 061 76 969 33.8 5 423
Country / Territory
2016
r2017
2015
Notes: 0# Magnitude less than half of the unit employed .. Not applicable r Revised figures Source: DSEC
In 2017, stock of outward direct investment of Macao enterprises amounted to MOP 19.27 billion, up by 12.4% year-on-year. The major outward direct investment destinations of Macao were Hong Kong (42.3% of total) and Mainland China (53.8%). Investment of Macao enterprises in the nine provinces of the Pan-Pearl River Delta Region accounted for 85.1%
of the stock of outward direct investment in Mainland China.
Table 35: Stock of outward direct investment of Macao enterprises by investment destination
Unit: Million MOP
Total Change Total Change Total Change Total Change
Total 30 647 5 771 25 056 (5 591) 17 135 (7 921) 19 266 2 131 Hong Kong 5 577 823 5 616 39 6 489 873 8 157 1 668 Mainland China 4 433 (170) 4 561 128 5 611 1 050 10 369 4 758
Nine Provinces of Pan Pearl River Delta Region
3 552
(212) 3 631 79 4 440 809 8 826 4 386
Guangdong 3 057 (191) 3 123 66 3 915 792 8 321 4 406 Greater Bay Area cities .. .. 3 123 .. 3 915 792 8 270 4 355 British Virgin Islands 6 170 564 844 (5 326) 858 14 449 (409)
Portuguese-speaking countries # .. # .. # .. (163) ..
Others 14 773 4 509 14 308 (465) 4 439 (9 869) 454 (3 985)
Country / Territory
2014 2015 2016
r2017
Notes: # Confidential data .. Not applicable r Revised figures Source: DSEC
162
In 2017, Macao signed a total of 756 contracted investment projects in Guangdong province, with contracted foreign capital of USD 5.63 billion and realised foreign capital of USD 559.94 million. The majority of investment projects with capital from Macao were in Zhuhai, which accounted for 79.9% of the total number of projects, 77.9% of the total amount of contracted foreign capital and 74.9% of the total amount of realised foreign capital.
Table 36: Number of investment projects in Guangdong province with capital from Macao, amount of contracted foreign capital and amount of realised foreign capital by city
2014 2015 2016 2017 2014 2015 2016 2017 2014 2015 2016 2017
Guangdong Province 288 476 589 756 1 078.8 1 710.7 3 211.9 5 631.4 369.9 737.2 644.3 559.9
Of which:
Guangzhou 6 10 14 17 97.5 33.7 5.7 46.6 4.9 27.2 1.1 23.1 Zhuhai 156 374 482 604 382.0 1 198.2 2 870.5 4 384.4 103.3 479.1 579.1 419.5 Jiangmen 20 16 16 24 133.6 63.2 124.3 115.6 21.3 57.0 17.4 14.4 Zhaoqing 7 3 - 1 171.7 65.2 16.5 0.7 60.4 45.0 6.8 9.9
Heyuan - - 1 1 - - 0.3 8.0 - - - 6.4
Meizhou 1 2 - - 1.0 17.1 2.2 0.3 - 0.5 0.1 0.1
Shanwei - - 1 - - - 1.4 - - - -
-Dongguan 4 3 2 17 44.8 3.7 (16.1) 5.5 95.0 5.6 8.0 7.1 Maoming 3 1 - - 4.8 10.6 1.7 - 0.5 6.8 - 0.3
Qingyuan - - 1 - 10.0 - 0.7 - - - -
-Shaoguan 2 - - - 2.3 - 1.2 10.6 17.8 - - 1.2 Shenzhen 45 17 27 24 23.3 7.1 (65.7) 898.5 5.8 17.9 2.1 2.4 Foshan 16 9 9 17 140.6 149.5 236.6 (1.7) 13.6 38.9 8.4 21.2 Huizhou 1 1 1 3 10.3 0.5 0.1 66.3 - 0.5 - 1.1 Yangjiang 4 - 2 - (0.9) - 0.5 - 2.8 3.6 0.7 1.6 Zhongshan 20 39 30 47 36.1 152.7 30.4 92.5 41.0 52.6 12.7 47.5 Yunfu 3 1 3 1 21.7 9.0 1.5 4.2 3.4 2.6 8.2 4.0
Jieyang - - - 0.2 0.1 - - - -
-Territory
Contracted foreign capital
（Million USD）
Realised foreign capital
（Million USD）
Projects (No.)
Note: - Absolute value equals zero
Source: Statistics Bureau of Guangdong Province
163
Besides the investments made by Macao enterprises in countries/territories outside Macao, some investments with capital from Macao (enterprises and individuals) were made abroad either in the name of the Macao enterprises or by setting up other companies. It is learnt that Guangdong province accounted for a significant share of this kind of investment in Mainland China.
Macao-invested Enterprises Operating in Guangdong Province
A total of 2,346 Macao-invested enterprises were operating in Guangdong province in 2017, an increase of 19.5%
year-on-year, including 752 engaging in manufacturing, 495 in renting & business activities, and 390 in wholesale & retail trade. Total receipts of these enterprises amounted to RMB 70.66 billion in 2017, up by 50.7% year-on-year, with the manufacturing sector accounting for 73.4% of the total. Meanwhile, a total of 110,605 persons were engaged in the Macao-invested enterprises, up by 0.5% year-on year.
Table 37: Economic activity statistics of Macao-invested enterprises in Guangdong province
Enterprise (No.)
Person engaged
(No.)
Receipts ('000 RMB)
Enterprise (No.)
Person engaged
(No.)
Receipts ('000 RMB) Total 1 963 110 028 46 871 276 2 346 110 605 70 656 871
Agriculture, forestry, animal husbandry & fishery 21 105 36 889 26 128 17 298 Mining & quarrying 2 82 82 995 3 53 280 290 Manufacturing 726 98 999 41 900 332 752 98 822 51 869 167 Production and supply of electricity, fuels and water 6 95 16 475 7 102 8 982 Construction 37 361 662 682 51 445 112 244 Transport, storage & post 42 621 27 321 42 309 27 499 Information transmission, software &
information technology services
38
252 19 455 38 244 78 926
Wholesale & retail trade 330 2 765 1 264 065 390 2 382 914 370 Accommodation & restaurants 47 2 205 403 959 61 3 540 392 681 Finance 20 75 44 708 16 60 8 843 Real estate 132 1 758 1 652 181 174 1 704 16 166 416 Renting & leasing activities and business services 335 1 789 380 183 495 1 843 697 598 Scientific research, technological services &
geological prospecting
174
652 65 263 213 590 12 330
Water conservancy, environment & public facilities management
5
32 333 4 19 371
Resident services & other services 22 85 1 690 25 81 1 739 Education 5 14 304 256 5 11 -Health, social security & social welfare 3 48 151 2 83 66 529 Culture, sports & entertainment 18 90 8 338 42 189 1 587
2017
Economic activity
2016
Notes: - Absolute value equals zero
(1) Macao-invested enterprise refer to an enterprise with investment from enterprises or individuals in Macao in the form of cash or in kind, with no specific requirement on the percentage share of equity ownership.
(2) Data only include Macao-invested enterprises of certain scale while different scales apply to different industries.
Sources: Statistics Bureau of Guangdong Province and Guangdong Province Administration for Industry & Commerce
164
Foreign investments in Macao can also be reflected from newly incorporated companies.
Newly Incorporated Companies
In 2017, a total of 5,177 new companies were incorporated in Macao, an increase of 785 year-on-year. Analysed by combination of shareholders, 3,390 new companies were established solely by Macao shareholders, 433 solely by Mainland shareholders and 378 solely by Hong Kong shareholders. On the other hand, there were 740 joint ventures between shareholders from Macao and other countries or territories, including 324 joint ventures between shareholders from Macao and Mainland China.
Table 38: Newly incorporated companies by combination and country/territory of shareholders
Company
(No.) Change (%)
Company
(No.) Change (%)
Company
(No.) Change (%)
Company
(No.) Change (%) Total 5 409 20.7 5 023 (7.1) 4 392 (12.6) 5 177 17.9
Shareholders from single
country/territory 4 705 22.1 4 385 (6.8) 3 858 (12.0) 4 358 13.0 Macao 3 582 26.1 3 330 (7.0) 2 943 (11.6) 3 390 15.2 Mainland China 446 13.2 464 4.0 369 (20.5) 433 17.3 Hong Kong 420 16.7 376 (10.5) 286 (23.9) 378 32.2 Other Asian countries or
territories
84
(17.6) 72 (14.3) 71 (1.4) 46 (35.2)
Europe 100 29.9 69 (31.0) 63 (8.7) 68 7.9 Americas 61 (3.2) 61 - 112 83.6 24 (78.6) Others 12 (29.4) 13 8.3 14 7.7 19 35.7 Shareholders from Macao and
other countries/territories
613
10.6 553 (9.8) 460 (16.8) 740 60.9
Macao and:
Mainland China 304 4.1 295 (3.0) 264 (10.5) 324 22.7 Hong Kong 221 27.0 181 (18.1) 135 (25.4) 356 163.7 Other Asian countries or
territories
39
(4.9) 24 (38.5) 25 4.2 29 16.0
Others 49 4.3 53 8.2 36 (32.1) 31 (13.9) Other combinations 91 24.7 85 (6.6) 74 (12.9) 79 6.8
Combination and country / territory of shareholders
2016 2017
2014 2015
Note: - Absolute value equals zero Source: DSEC
165
Newly incorporated companies with capital from Mainland China totalled 815 in 2017, of which the nine provinces of the Pan-Pearl River Delta Region accounted for 608, including 518 from Guangdong province and 39 from Fujian province.
Moreover, there were 69 new companies with capital from Beijing and 47 from Shanghai.
Table 39: Newly incorporated companies with capital from Mainland China by province or municipality
Company
(No.) Change (%)
Company
(No.) Change (%)
Company
(No.) Change (%)
Company
(No.) Change (%) Total 812 9.9 815 0.4 686 (15.8) 815 18.8
Nine Provinces of Pan Pearl River Delta Region
569
7.0 592 4.0 505 (14.7) 608 20.4
Guangdong Province 476 6.7 516 8.4 427 (17.2) 518 21.3 Jiangxi Province 22 46.7 11 (50.0) 9 (18.2) 8 (11.1) Yunnan Province 5 66.7 1 (80.0) 2 100.0 8 300.0 Sichuan Province 17 88.9 19 11.8 14 (26.3) 14 - Fujian Province 33 - 28 (15.2) 37 32.1 39 5.4 Hainan Province 4 (20.0) 2 (50.0) 3 50.0 3 - Guangxi Province 12 9.1 11 (8.3) 17 54.5 18 5.9 Hunan Province 20 11.1 20 - 15 (25.0) 29 93.3 Guizhou Province 4 33.3 3 (25.0) 9 200.0 1 (88.9) Beijing 63 26.0 68 7.9 49 (27.9) 69 40.8 Shanghai 63 23.5 45 (28.6) 57 26.7 47 (17.5) Tianjin 5 150.0 5 - 9 80.0 4 (55.6) Zhejiang Province 27 (10.0) 22 (18.5) 27 22.7 26 (3.7) Jiangsu Province 33 26.9 37 12.1 25 (32.4) 27 8.0 Hubei Province 12 (20.0) 14 16.7 16 14.3 19 18.8 Liaoning Province 10 (37.5) 17 70.0 15 (11.8) 10 (33.3) Anhui Province 11 (47.6) 9 (18.2) 10 11.1 7 (30.0) Henan Province 10 (37.5) 23 130.0 10 (56.5) 7 (30.0) Others 79 36.2 67 (15.2) 45 (32.8) 51 13.3
Province / Municipality
2014 2015 2016 2017
Notes: A company will be counted more than once if it has capital from various places. - Absolute value equals zero Source: DSEC