Group 1 - In May, Guangdong Province had the highest number of newly registered business entities, totaling 270,167, a decrease of 52,000 from the previous month [2] - The top ten provinces for new business registrations included Hubei, Henan, Zhejiang, Shandong, Jiangsu, Hunan, Hebei, Fujian, and Sichuan [2][3] - Overall, the top ten provinces accounted for over 60% of the national new business registrations [3] Group 2 - Hubei Province recorded the fastest year-on-year growth in new business registrations at 8.33%, although this was a significant drop from the previous month's 26.10% [5] - Only six provinces experienced positive year-on-year growth in May, with the top ten growth rankings including Hubei, Hunan, Liaoning, Beijing, Shaanxi, Fujian, Shandong, Guangdong, Guangxi, and Zhejiang [5] Group 3 - The retail sector had the highest number of new business registrations in May, with 191,800 new entities, representing a year-on-year growth of 17.19% [7] - Other sectors with significant new registrations included wholesale, business services, technology promotion and application services, software and information technology services, construction and decoration, cultural arts, agriculture, professional technical services, and real estate [7] - The technology promotion and application services sector saw the fastest growth at 25.83% year-on-year [7] Group 4 - In May, the capital market financing demand decreased, with a total of 260 financing events and a total financing scale of 20.578 billion [9] - The manufacturing sector had the highest financing scale at 11.752 billion, accounting for 57.11% of the total [9] - The electricity, gas, and water production and supply sector received 3.217 billion, making up 15.63% of the total financing [9] Group 5 - In terms of regional financing, economically developed southeastern coastal provinces led in financing scale [10] - Jiangsu had 44 financing events with a total scale of 3.693 billion, while Shanghai achieved a financing scale of 3.042 billion [11] - The financing rounds showed that public offerings accounted for 24.22% of the total financing, with D-round financing at 21.59% and A-round financing at 14.26% [11]

近日，由申万宏源证券担任联席主承销商的中国航空器材集团有限公司2025年度 第一期中期票据成功发行，本期中期票据发行规模6.00亿元，期限5年，主体评级 AAA，票面利率2.00%。 发行人是国资委直属的中央企业，是国内目前最大的第三方航材保障综合服务提供 商，业务板块涉及自营业务、航空周转件租赁业务、飞机租赁、飞机批量采购及其他代 理业务等多个板块。本期中期票据的发行创中国航材在资本市场融资成本新低，有效拓 宽了其资产市场融资渠道、显著降低了其融资成本，为发行人在航空器材保障、飞机配 套服务及国际化布局等领域提供资金支持。 本次合作是申万宏源服务央企高质量融资的又一里程碑。作为首次与中国航材携 手，申万宏源凭借专业的承销能力与对航空产业的深刻理解，精准匹配发行人需求，高 效完成发行工作。这不仅有助于双方建立良好默契的信任关系和形成长期稳固的深入合 作，也提升了申万宏源在央企金融服务领域的品牌影响力。 免责 声 明 本内容最终解释权归申万宏源证券有限公司所有。 ...