In the fourth quarter of 2024, China's corporate credit index was 159.84 points, showing a trend of high development.

On February 7, the State Administration for Market Regulation issued a document stating that in December 2024, the China Enterprise Credit Index slightly increased compared to November. The sub-indicators of reliability, operating performance, and relevance were overall stable, while the financial, compliance, and regulatory sub-indicators increased month-on-month. In the fourth quarter of 2024, the China Enterprise Credit Index was 159.84, showing a significant increase compared to the credit indexes of 159.00, 158.90, and 157.35 in the previous three quarters, with the overall index fluctuating at a high level. The original text continues: The credit level of Chinese enterprises in December 2024 and the fourth quarter continued to show a trend of high-level development, with the national credit level steadily increasing. In December 2024, the China Enterprise Credit Index slightly increased compared to November. The sub-indicators of reliability, operating performance, and relevance were overall stable, while the financial, compliance, and regulatory sub-indicators increased month-on-month. In the fourth quarter of 2024, the China Enterprise Credit Index was 159.84, showing a significant increase compared to the credit indexes of 159.00, 158.90, and 157.35 in the previous three quarters, with the overall credit level fluctuating at a high level. The regional credit level of enterprises is actively improving. In December 2024, the top five provinces in terms of credit index ranking were Fujian, Jiangsu, Anhui, Beijing, and Zhejiang. Fujian rose to the first place for the first time, with an increase in the number of new companies and those removed from the list of companies with operational abnormalities compared to November, and a significant increase in regulatory activity. In the fourth quarter of 2024, the top five provinces in terms of credit index ranking were Jiangsu, Beijing, Anhui, Fujian, and Shaanxi. Additionally, Tianjin and Jiangxi saw a significant increase in the index in the fourth quarter compared to the third quarter, with improved credit conditions. The credit construction of industry enterprises is steadily advancing. In December 2024, the credit index of each industry showed an improvement compared to November, with the mining and manufacturing industries showing the largest increase. The manufacturing industry continued to rise in ranking trend and reached the second place for the first time. In the fourth quarter of 2024, the top five industries in terms of credit index ranking were finance, electricity, heat, gas and water production and supply, water conservancy, environmental and public facilities management, education, and construction. The finance industry continued to rank first in the index, with a significant increase compared to the previous quarter. Overall, the credit level of Chinese enterprises continues to show a trend of high-level development, especially after the significant deployment of effective implementation of existing policies and the introduction of new policies on September 26, 2024 by the Central Political Bureau, which greatly boosted confidence and improved expectations, leading to a continuous improvement in the credit level of enterprises. This article is selected from "Market Talk" by GMTEight, edited by Chen Wenfang.