In November 2025, the Chinese corporate credit index continued to steadily improve.
In November 2025, the Chinese enterprise credit index was 162.66, an increase of 1.11 points from October, reaching the peak of the second half of the year, reflecting a positive change in enterprise credit levels following the stable and progressive development trend of the country's economy. The top five provinces in terms of credit index ranking are Anhui, Shaanxi, Tianjin, Shandong, and Chongqing, with Shandong entering the national top five for the first time in 2025. Nearly 80% of industries saw a month-on-month increase in credit index, with the finance industry, manufacturing industry, water conservancy, environmental and public facilities management industry, electricity, heat, gas and water production and supply industry, and residential services, repair, and other services industry ranking in the top five. The credit index for residential services, repair, and other services industry saw the highest increase, while the manufacturing industry ranked second. The credit index for the real estate industry has maintained a month-on-month upward trend for four consecutive months, entering a recovery channel in terms of credit level.
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