2025年12月普惠金融-景气指数：融资精准有力 经营温和回暖

Core Insights - The Inclusive Finance Prosperity Index reached 49.48 points in December 2025, an increase of 0.12 points from November and 0.61 points higher than the same period last year [1] Financing Conditions - The financing prosperity index stood at 54.82 points in December, a slight decrease of 0.01 points from November, with continued growth in credit scale and historically low financing costs [2] - In 2025, new loans totaled 16.27 trillion yuan, reflecting effective monetary policy and sustained demand for credit from enterprises and households [2] - New loans to enterprises amounted to 15.47 trillion yuan, with significant growth in key sectors such as technology, green finance, inclusive finance, elderly care, and digital economy [2] Operational Conditions - The operational prosperity index rose to 48.44 points in December, up 0.16 points from November, indicating improved market activity and increased orders for small and micro enterprises [3] - The Consumer Price Index (CPI) increased by 0.8% year-on-year in December, positively impacting corporate profit expectations and boosting market confidence [3] - The resilience of small and micro enterprises is gradually strengthening due to ongoing policy benefits and recovering market dynamics [3] Industry Performance - Among nine major industries, six showed improvement while three declined in December, with strong demand for agricultural products and logistics boosting the agricultural and transportation sectors [4] - Seasonal increases in demand for community services, maintenance, and housekeeping have enhanced the vitality of the social services sector [4] - The real estate sector also saw some improvement, while the industrial, construction, and wholesale/retail sectors experienced declines [4] Regional Performance - The operational prosperity index across seven regions showed three increases and four declines, with Northeast, South China, and Southwest regions improving, while North China, East China, Central China, and Northwest regions saw declines [5] - The Inclusive Finance Prosperity Index is jointly launched by several financial institutions and reflects the financing and development conditions of small and micro enterprises through both objective and subjective data [5]