Upper Alliance: As of the end of November, there were a total of 5,462 listed companies in the domestic stock market with a total market value of 105.42 trillion.

The November statistical monthly report released by the China Association of Listed Companies shows that as of November 30, 2025, there were a total of 5,462 listed companies in the domestic stock market, with 2,296, 2,881, and 285 companies listed on the Shanghai, Shenzhen, and Beijing stock exchanges, respectively. In terms of share types, there were 5,216 A-share companies, 238 companies with multiple share types such as A+H and A+B, and 8 B-share companies. In terms of ownership, state-owned holding and non-state-owned holding companies accounted for 27% and 73% respectively. The manufacturing industry, information transmission, software and information technology services industry, and wholesale and retail trade were the top three industries in terms of the number of listed companies, with the manufacturing industry adding 79 companies since the beginning of the year. Jiangsu, Zhejiang (excluding Ningbo), and Beijing had 718, 608, and 477 listed companies respectively, ranking in the top three and accounting for 33% of listed companies. 19 districts saw a net increase in the number of companies compared to the beginning of the year, with the majority of the growth concentrated in Jiangsu, Zhejiang, and Guangdong. As of November, the total market value of domestically listed companies was 105.42 trillion yuan, with the electrical, electronic, and communications industry accounting for 22%, higher than the financial industry. In terms of market capitalization, there were 157 companies with a market value of over one trillion yuan, 1,693 companies with a market value of 100-1000 billion yuan, and 3,391 companies with a market value of 20-100 billion yuan. Since the beginning of the year, there has been one company with a market value of over one trillion yuan, 33 more companies with a market value of over one trillion yuan, and 392 fewer companies with a market value of less than 20 billion yuan. The median market value of the entire market was 64.29 billion yuan, slightly down from the previous month. From January to November, there were 98 new IPOs in the domestic market, raising a total of 1027.29 billion yuan, with the manufacturing industry accounting for about 90% of the total. There were 28 companies delisted, including 23 from the Shanghai and Shenzhen main boards. Since the beginning of the year, there have been 17 new A+H share companies, and over 90 domestic companies have been listed overseas. In November, there were a total of 1,850 Chinese concept companies listed on major overseas markets. This article is selected from the public account of the "China Association of Listed Companies", edited by GMTEight: Jiang Yuanhua.