Yang, Nicholas Wei Hsiung 楊偉雄
HK companies see record closures, slowest growth since 2003
Webb-site reveals that 2015 saw the slowest net growth in HK companies since the recession of 2003 and record levels of dissolution. Market forces may still be alive though, with about half of 2007's companies already closed, despite the Government's increasing intervention. We don't need an Innovation and Technology Bureau, but we do need removal of Government barriers to information and competition - and they could start by removing the paywall on public registries. (2-Jan-2016)
Webb-site reveals that 2015 saw the slowest net growth in HK companies since the recession of 2003 and record levels of dissolution. Market forces may still be alive though, with about half of 2007's companies already closed, despite the Government's increasing intervention. We don't need an Innovation and Technology Bureau, but we do need removal of Government barriers to information and competition - and they could start by removing the paywall on public registries. (2-Jan-2016)
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