Capital increase highlights foreign-invested enterprises last year
- Details
- Category: Governmental News
- Published: Tuesday, 14 February 2012 11:36
Recently, Ningbo Municipal Administration of Industry and Commerce has released the 2011 Annual Report of Foreign-invested Enterprises, in which capital increase highlighted the foreign-invested enterprises. In 2011, 268 enterprises increased registered capital to a total of 2.231 billion US dollars, or 90.7 percent of the registered capital.
The past year saw a slight slow-down in the development of the foreign-invested enterprises. In the past year there were 316 newly-registered enterprises in total, a decline of 17.5 percent year on year. By the end of 2011, the number of foreign-invested enterprises had reached 6,421, with a total investment of 54.379 billion US dollars and 29.882 US dollars as registered capital. The investment of the foreign-invested enterprises averaged 8,710,000 US dollars, an increase of 15.2% year-on-year. The investment of newly registered enterprises averaged 14.97 million US dollars, an increase of 43.3%, hitting a record high in the past six years.
The above statistics show a robust capital increase in the foreign-invested enterprises in Ningbo last year. 268 enterprises have increased their registered capital to a total of 2.231 billion US dollars, or 90.7 percent of the registered capital of the newly-registered enterprises. 39 of them replenished its capital with more than 10 million US dollars whereas two enterprises have successfully converted their foreign debt to registered capital according to a newly issued policy
