The China Enterprise Credit Index for September 2024 and the first three quarters has been released

2024-10-23

According to the website of the State Administration for Market Regulation, in September 2024, the credit index of Chinese enterprises was 158.36, higher than 1.30 points in August. The credit index of Chinese enterprises in the third quarter of 2024 was 157.35, and the overall development trend of enterprise credit level remained stable in the first three quarters. The national enterprise credit level fluctuated at a high level in September 2024, and the Chinese enterprise credit index slightly increased compared to August. Among them, the reliability sub indicators, operational sub indicators, and financial sub indicators are generally stable, while the compliance sub indicators and regulatory sub indicators have increased month on month. The number of newly listed enterprises in the list of abnormal operations has decreased, while the number of new enterprises has increased. The stability of enterprise compliance operations has improved, market expectations have improved, confidence has increased, and the economy is showing a stabilizing trend. In the first three quarters of 2024, the credit index of Chinese enterprises was 159.00, 158.90, and 157.35 respectively, reflecting that in the complex and changing domestic and international environment, the external environment was chaotic and intertwined, and the domestic economy was in a critical stage of structural adjustment and transformation, the support foundation for maintaining overall stability of the Chinese economy remained solid. The credit level of regional enterprises is actively improving. In September 2024, the top five provinces and cities in terms of credit index are Anhui, Beijing, Shaanxi, Jiangsu, and Zhejiang. The credit level of enterprises in various provinces, cities, and districts in September was generally higher than that in August. Among them, Shanghai and Hubei showed significant month on month growth, and the comprehensive credit level of enterprises showed a good development trend. In the third quarter of 2024, the top five provinces and cities in terms of credit index are Beijing, Anhui, Jiangsu, Shaanxi, and Zhejiang. Enterprises in these regions generally perform outstandingly in reliability indicators, operational indicators, and compliance indicators. Chongqing, Henan and other provinces and cities saw a significant increase in their rankings in the third quarter compared to the second quarter, with enhanced stability and compliance of enterprise operations, and continuous improvement in credit conditions. The credit level of industry enterprises has steadily improved. In September 2024, the credit index of various industries has increased compared to August, and the industry credit level has generally improved. Among them, the financial industry has the fastest growth in credit index this month; The ranking of water conservancy, environment and public facility management industry continues to rise, reaching the highest ranking so far this year; The ranking of transportation, warehousing, and postal services has steadily increased for three consecutive months; The index of information transmission, software and information technology services, wholesale and retail industries has increased significantly, and the industry is developing well. In the third quarter of 2024, the top five industries in terms of credit index are finance, electricity, heat, gas and water production and supply, water conservancy, environment and public facility management, construction, and education. This quarter, the gap in credit levels between industries has narrowed, and industry development has become more balanced and coordinated. With the continuous promotion of the transformation and upgrading of the manufacturing industry, the ranking of the manufacturing industry in the third quarter has significantly increased compared to the previous quarter, and the economy is solidly advancing towards high-quality development. Overall, with the introduction of a package of incremental policies, the credit index showed positive changes in September, and the positive factors that stimulate the vitality of business entities and promote high-quality development of enterprises continue to increase. The overall credit status of enterprises remained stable in the first three quarters, reflecting the strong resilience of China's economic development. (New Society)

Edit:Yao Jue    Responsible editor:Xie Tunan

Source:CNS.cn

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