9月普惠金融-景气指数整体向好，经营融资同步改善

Core Insights - The Inclusive Finance Prosperity Index reached 49.50 points in September, an increase of 0.32 points from August, indicating simultaneous improvement in both operational and financing dimensions [1] Financing Dimension - The financing prosperity index rose to 54.93 points in September, up 0.71 points from August, reflecting effective release of corporate financing demand and a stable decrease in financing costs [2] - The average interest rate for newly issued corporate loans in September was approximately 3.1%, down about 40 basis points year-on-year, demonstrating the continued effectiveness of monetary policies such as reserve requirement ratio cuts and interest rate reductions [2] Operational Dimension - The operational prosperity index increased to 48.44 points in September, up 0.24 points from August, driven by a sustained recovery in consumer demand and improved order volumes for small and micro enterprises [3] - The operational vitality index rose by 0.29 points in September, indicating that enterprises are accelerating production and optimizing service processes in response to market changes [3] Industry Performance - Among nine major industries, six showed an increase in operational prosperity, particularly in wholesale and retail, accommodation and catering, and transportation, while three industries, including real estate and construction, experienced declines [4] Regional Performance - In terms of regional performance, five out of seven regions showed an increase in operational prosperity, with East China and South China leading the way, while Northeast and North China saw declines [5] Index Overview - The Inclusive Finance Prosperity Index is jointly launched by several financial institutions and reflects the development status of inclusive finance services for small and micro enterprises, based on both objective data from financial institutions and subjective data from surveys of over 5,000 small and micro enterprises [5][7]