国家市场监督管理总局：企业信用水平持续稳中有进

Group 1 - The core viewpoint is that China's enterprise credit index has shown a significant improvement, reaching 162.66 in November 2025, indicating a steady enhancement in the country's enterprise credit level [1] - The national enterprise credit level has notably increased, with the index rising by 1.11 points from October, marking a peak for the second half of the year [1] - The improvement in enterprise credit levels reflects the resilience of China's economic fundamentals, as the credit index has broken out of previous fluctuations [1] Group 2 - The regional enterprise credit levels are also showing positive trends, with the top five provinces in credit index ranking being Anhui, Shaanxi, Tianjin, Shandong, and Chongqing, with Shandong entering the top five for the first time in 2025 [1] - Most regions in the country have experienced a month-on-month increase in credit indices, particularly Guangdong and Shandong, indicating enhanced self-discipline among enterprises and effective credit repair mechanisms [1] Group 3 - The industry credit levels have continued to improve, with nearly 80% of industries reporting month-on-month growth in their credit indices in November [2] - The top five industries by credit index ranking for the month are finance, manufacturing, water conservancy, environment and public facilities management, electricity, heat, gas, and water production and supply, and resident services, repair, and other services [2] - The resident services, repair, and other services industry saw the highest increase in credit index, while the manufacturing industry ranked second in terms of growth [2] - The real estate industry has maintained a month-on-month increase in credit index for four consecutive months, indicating a recovery trend [2]