中国经济观测点丨11月新注册经营主体数环比回升明显 融资规模缩小

Group 1: National Overview - In November 2025, a total of 2.0875 million new business entities were registered nationwide, showing a month-on-month increase of 22.72% but a year-on-year decrease of 12.38% [1] - The top ten provinces accounted for 62.7% of the new registrations, with Guangdong leading at 261,919 new entities, representing 12.55% of the national total [3][4] Group 2: Provincial Insights - Guangdong province registered 261,919 new business entities in November, an increase of 52,500 from the previous month, maintaining its position as the top province for new registrations [3] - Hubei and Zhejiang followed with 157,111 and 149,064 new registrations, respectively, indicating strong activity in these regions [4] Group 3: Growth Trends - Nine provinces and cities experienced positive growth in new registrations in November, with Beijing leading at a growth rate of 28.3% [6] - The top ten provinces by growth rate included Beijing, Hainan, Guangdong, and Zhejiang, reflecting a broader recovery in business registrations [6] Group 4: Industry Analysis - The retail sector saw the highest number of new registrations in November, totaling 233,100, with a year-on-year growth of 29.88% [8] - The technology promotion and application services industry had the fastest growth rate, with 119,600 new registrations, marking a year-on-year increase of 53.29% [8] Group 5: Financing Activity - In November 2025, there were 331 financing events, a decrease of 112 from the previous month, with a total financing scale of 65.671 billion yuan, down by 24.203 billion yuan [10] - The information technology sector led in financing events with 133 occurrences, followed by the manufacturing sector with 71 events [10][13]