In November 2024, the Chinese Corporate Credit Index was at 160.00 points, and the credit level continued to steadily improve.

On January 16, the State Administration for Market Regulation announced that the Chinese Enterprise Credit Index in November 2024 was 160.00 points, maintaining a steady and positive trend in enterprise credit levels. In November 2024, the Chinese Enterprise Credit Index increased by 1.17 points compared to October, continuing the upward trend in overall credit levels since August. The original text can be read as follows: Steady Rise in Chinese Enterprise Credit Index in November 2024 The State Administration for Market Regulation recently announced that the Chinese Enterprise Credit Index for November 2024 was 160.00 points, with enterprise credit levels maintaining a steady and positive trend. The national enterprise credit index is steadily rising. In November 2024, the Chinese Enterprise Credit Index increased by 1.17 points compared to October. The reliability sub-index, operational sub-index, compliance sub-index, and correlation sub-index remained stable, while the financial sub-index and regulatory sub-index increased. With the implementation of a package of incremental policies and the accelerated release of the combined effects of stock policies, the overall enterprise credit levels have continued to rise since August. The increase in the number of new enterprises, the decrease in the number of newly listed companies on the abnormal operation list, and the significant increase in regulatory activity have led to a positive change in market expectations. However, the proportion of high-risk credit enterprises has also increased, so caution should be maintained. Regional enterprise credit levels continue to improve. In November 2024, the top five provinces in terms of credit index ranking were Jiangsu, Shaanxi, Anhui, Zhejiang, and Beijing, maintaining their positions in the top five. Jiangsu regained the top spot since June, while Shaanxi jumped to second place for the first time. Compared to October, both provinces had an increase in the number of new enterprises and newly removed companies from the abnormal operation list, while the proportion of low credit risk enterprises also increased. In addition, Guangdong and Qinghai saw significant increases in their credit indexes, with a notable improvement in their rankings. The reliability sub-index, operational sub-index, financial sub-index, compliance sub-index, and regulatory sub-index all increased, showing a positive trend in overall enterprise credit levels. Shandong, Shaanxi, and Qinghai continued to rise in their rankings, breaking their highest ranking so far this year. High-quality development of industry enterprise credit is steadily progressing. In November 2024, the average industry credit index showed a noticeable increase compared to October, with a narrowing gap between industries. The manufacturing industry index saw the fastest growth, with a significant increase in the regulatory sub-index, entering the top 5 for the first time. The education index had the fastest rise in rankings, moving up 3 places from the previous month. The service industry's development was good, with sectors such as transportation, storage and postal services, information transmission, software and information technology services showing higher increases in indexes compared to the industry average. Additionally, the credit levels of agriculture, forestry, animal husbandry, fishing, and mining industries have improved, narrowing the gap with the industry index average. This article is sourced from the State Administration for Market Regulation, translated by GMTEight, edited by Jiang Yuanhua.