河南资本市场月报（2025年第7期）-20250917

Economic Performance - In July 2025, the industrial added value in Henan province grew by 8.8%, outperforming the national average by 3.1 percentage points[20] - The total retail sales of consumer goods in Henan reached 2125.27 billion yuan, with a year-on-year growth of 4.8%, exceeding the national growth rate by 1.1 percentage points[21] - Fixed asset investment in Henan increased by 5.6% year-on-year, higher than the national growth rate of 1.6%[23] Market Trends - In August 2025, the Henan Index rose by 12.68%, surpassing the Shanghai Composite Index's increase of 7.97% and the CSI 300 Index's increase of 10.33%[55] - The cumulative increase of the Henan Index for the first eight months of 2025 was 28.59%, consistently outperforming major benchmark indices[55] Investment Landscape - As of the end of August 2025, Henan had a total of 138 listed companies, with an A-share market capitalization of 17794.34 billion yuan, reflecting a quarter-on-quarter growth of 13.34%[6] - In the first eight months of 2025, the total amount of IPOs approved nationwide was 50, with Henan having only one company in the pipeline[6] Policy Environment - In August 2025, the financial regulatory authorities introduced a series of policies aimed at expanding consumption and supporting industrial transformation[28] - The Henan provincial government launched multiple policies to support technological innovation and the development of strategic emerging industries[34]