Sou Hu Cai Jing·2025-11-15 09:23Core Viewpoint - The article highlights Guangdong's leading position in China's economy, showcasing its dominance in the A-share market through key metrics such as the number of listed companies, total market capitalization, and revenue and profit figures, which collectively underline its economic vitality and future potential [1][2]. Group 1: Key Metrics - Guangdong ranks first in the number of A-share listed companies, with 887 companies as of November 4, surpassing Zhejiang (728) and Jiangsu (713) [4][5]. - In terms of total market capitalization, Guangdong holds a significant advantage with a total of 19.42 trillion yuan, nearly double that of Zhejiang (9.05 trillion) and Jiangsu (8.56 trillion), and over four times that of Shandong (4.66 trillion) [6][7]. - For the first three quarters of 2025, Guangdong's 887 companies achieved a total revenue of 8.03 trillion yuan and a net profit of 635.82 billion yuan, exceeding the combined figures of Jiangsu and Zhejiang [8]. Group 2: Competitive Advantages - Guangdong's listed companies are primarily concentrated in high-tech sectors such as electronics, computers, and communications, representing a shift towards "new quality productivity" compared to the traditional industries prevalent in other provinces [9][11]. - The province boasts 29 companies with a market capitalization exceeding 100 billion yuan, significantly more than Jiangsu (12) and Zhejiang (8) [12][13]. - Guangdong's top five companies by market capitalization are all platform-type giants, indicating a focus on "finance + technology + advanced manufacturing," which contrasts with the industry-specific leaders in other provinces [14][15]. Group 3: Economic Environment - Guangdong's success is attributed to a market-oriented structure dominated by private enterprises and a strong emphasis on technological innovation and capital operation [17]. - The province has established a favorable business environment characterized by the principles of "responsive to needs, non-interference," which has fostered a vibrant entrepreneurial ecosystem [18][20]. - As of September 2025, Guangdong has over 20 million business entities, with Shenzhen and Guangzhou leading in the number of operating entities, reflecting a high density of entrepreneurship [20].