State Administration for Market Regulation: China's Corporate Credit Index Reached 160.10 in July

On August 21, a reporter from China Securities Journal·CSI Taurus learned from the State Administration for Market Regulation that China's Corporate Credit Index stood at 160.10 in July. Despite facing adverse impacts such as a complex and volatile external environment and extreme weather conditions domestically, the index experienced a slight decline but overall maintained a high-level trend.

The resilience of the national corporate credit level is evident. In July, China's Corporate Credit Index dropped by 2.35 points compared to June. Influenced by factors such as an increase in the number of newly listed abnormal enterprises, the regulatory sub-index saw a significant decline. However, the overall corporate credit level in the country remains in a high-range fluctuation, and the fundamental trend of improving corporate credit has not changed.

Regional corporate credit levels experienced a high-range adjustment. In July, the top five provinces (regions, municipalities) in terms of credit index were Beijing, Anhui, Tianjin, Chongqing, and Shaanxi.

Corporate credit levels across industries showed divergent fluctuations. In July, the top five industries by credit index were financial services; production and supply of electricity, heat, gas, and water; resident services, repair, and other services; manufacturing; and management of water conservancy, environment, and public facilities. Against the backdrop of a general decline in indices across most industries, the index for agriculture, forestry, animal husbandry, and fishery saw a significant rise in ranking, while the mining industry index grew against the trend, indicating a sustained positive momentum.