河南资本市场月报（2025年第10期）-20251114

Economic Performance and Comparison - In the first three quarters of 2025, China's GDP reached 101.5 trillion yuan, growing by 5.2% year-on-year, exceeding the annual growth target of 5% [6][11] - Henan Province's GDP for the same period was 48,867.57 billion yuan, with a year-on-year growth of 5.6%, outperforming the national average by 0.4 percentage points [24][30] - Henan's industrial added value increased by 8.4%, surpassing the national growth rate by 2.2 percentage points, with manufacturing showing a strong growth of 9.7% [25][30] Consumption and Investment - Social retail sales in Henan reached 21,049.93 billion yuan, growing by 6.2%, which is 1.7 percentage points higher than the national average [26][30] - Fixed asset investment in Henan grew by 4.5%, exceeding the national decline of 0.5%, with industrial investment increasing by 19.7% [27][30] - The real estate sector in Henan saw a decline in investment by 8.2%, although the rate of decline improved slightly compared to the previous half [27][30] Foreign Trade - Henan's foreign trade volume reached 643.18 billion yuan, with a year-on-year growth of 18.7%, significantly higher than the national average of 4.0% [28][30] - Exports from Henan amounted to 422.31 billion yuan, growing by 27.4%, while imports increased by 5.1% to 220.87 billion yuan [28][30] Policy Tracking - The Henan provincial government has introduced several policies aimed at enhancing technological empowerment in industry and upgrading traditional sectors [44] - A three-year action plan for building a strong agricultural province was launched, focusing on modernizing agriculture and increasing production capacity [44] - Policies to promote cross-border e-commerce and upgrade ten key industries have been implemented to support economic growth [45][44] Securities Market Overview - In October 2025, the number of newly listed companies in the A-share market increased by 8, with Henan maintaining a total of 138 listed companies [6][30] - The Henan index rose by 4.47% in October, outperforming both the Shanghai Composite Index and the CSI 300 Index [6][30] - The total market value of Henan's A-shares reached 19,367.46 billion yuan, reflecting a 4.70% increase compared to the previous month [30]