Core Insights - The Inclusive Finance Prosperity Index for October 2025 is reported at 49.39 points, a slight decrease of 0.11 points from September, but still higher than the same period last year [1] - The financing sector continues to expand, with stable costs and ongoing policy benefits, while the operational fundamentals for enterprises remain stable, indicating potential for further development [1] Financing Sector - The financing prosperity index stands at 54.69 points, down 0.24 points from September, indicating continued expansion in enterprise financing [1] - As of the end of October, the total social financing stock reached 437.72 trillion yuan, reflecting a year-on-year growth of 8.5% [1] - The balance of RMB loans to the real economy was 267.01 trillion yuan, with a year-on-year increase of 6.3%, demonstrating strong financial support for the real economy [1] - The balance of inclusive micro and small loans and medium to long-term loans in the manufacturing sector grew by 11.6% and 7.9% year-on-year, respectively, both exceeding the growth rate of other loan categories [1] - The average interest rate for newly issued loans (in both domestic and foreign currencies) was 3.1%, approximately 40 basis points lower than the same period last year, indicating a favorable financing environment [1] Operational Sector - The operational prosperity index is at 48.35 points, down 0.09 points from September, with small and micro enterprises maintaining overall stability [2] - Some enterprises are entering an adjustment phase, leading to a slowdown in profitability, as indicated by a decrease of 0.21 points in the operational performance index [2] - Despite the adjustments, operational investment continues to grow, with the operational investment index rising by 0.03 points from the previous month [2] - The operational prosperity index across nine major industries shows a trend of 3 industries increasing and 6 decreasing [2] - The agricultural sector benefits from increased activities during the autumn harvest and planting season, leading to rapid growth in the agriculture, forestry, animal husbandry, and fishery industries [2] - The industrial economy is experiencing growth due to new momentum and technological advancements, with a slight increase in the industrial operational index [2] - There are signs of accelerated construction activities related to infrastructure investment, resulting in a slight rise in the construction industry's operational index [2] - However, sectors such as wholesale and retail, transportation, and accommodation and catering have seen a decline in operational prosperity [2]

Core Insights - The Inclusive Finance Prosperity Index reached 49.39 points in October 2025, a slight decrease of 0.11 points from September, but still higher than the same period last year [1] - The financing sector continues to expand, with stable costs and ongoing policy benefits; the operational fundamentals for enterprises remain stable, indicating potential for further growth [1] Financing Sector - In October, the financing prosperity index was 54.69 points, down 0.24 points from September, indicating continued expansion in enterprise financing scale [1] - The operational performance index decreased by 0.21 points in October, reflecting a slowdown in profitability for some enterprises [1] Operational Performance - The operational prosperity index for October was 48.35 points, down 0.09 points from September, with small and micro enterprises maintaining overall stability [1] - Despite some enterprises entering an adjustment period, operational investments continue to grow, with the operational input index rising by 0.03 points [1] Industry Analysis - In October, the operational prosperity index across nine major industries showed a trend of 3 increases and 6 decreases [1] - The agricultural sector experienced rapid growth due to increased farming activities during the autumn harvest and sowing period [1] - The industrial economy is benefiting from new growth drivers and technological advancements, leading to a slight increase in the industrial operational index [1] - The construction industry shows signs of accelerated activity related to infrastructure investment, with a slight rise in the construction operational index [1] - Sectors such as wholesale and retail, transportation, and accommodation and catering experienced declines in operational prosperity [1]