Core Insights - Guangzhou's actual operating entities reached 4.2174 million by the end of October 2025, maintaining a year-on-year growth rate of 15.86%, leading among major cities in China [1] - The total number of operating entities in Guangzhou has risen to the second highest among all cities in the country [1] - From January to October this year, the city registered 884,600 new operating entities, reflecting a significant year-on-year increase of 71.28% [1]

Group 1 - The core viewpoint of the article highlights the stable growth of new business entities in China, with a total of 13.278 million new entities established in the first half of the year [1] - The number of newly established private enterprises reached 4.346 million, showing a year-on-year growth of 4.6%, while foreign enterprises increased by 33,000, with a growth rate of 4.1% [1] - The structure of industries is further optimized, with 601,000 new entities in the primary industry, 965,000 in the secondary industry, and 11.712 million in the tertiary industry [1] Group 2 - The "Four New" economic enterprises (new technologies, new industries, new business formats, new models) reached 25.361 million, representing a year-on-year growth of 6.6% and accounting for 40.2% of the total number of enterprises [1] - The cultural industry emerged as a highlight in the consumption sector, with new enterprises in "culture, sports, and entertainment" growing at a rate of 17.5%, leading all sectors of the national economy [1]