Core Insights - In the first ten months of 2025, the number of newly established foreign-invested enterprises in China reached 53,782, marking a year-on-year increase of 14.7% [1] - However, the actual utilized foreign capital amounted to 621.93 billion RMB, reflecting a year-on-year decrease of 10.3% [1] Industry Analysis - The manufacturing sector attracted 161.91 billion RMB in actual foreign investment, while the service sector received 445.82 billion RMB [1] - High-tech industries saw actual foreign investment of 192.52 billion RMB, with significant growth in specific areas: e-commerce services increased by 173.1%, medical instruments and equipment manufacturing by 41.4%, and aerospace equipment manufacturing by 40.6% [1] Source Country Insights - Investment from the UAE, UK, and Switzerland into China grew by 48.7%, 17.1%, and 13.2% respectively [1]

（文章来源：证券时报） 商务部指出，从行业看，前10个月制造业实际使用外资1619.1亿元人民币，服务业实际使用外资4458.2 亿元人民币。高技术产业实际使用外资1925.2亿元人民币，其中，电子商务服务业、医疗仪器设备及器 械制造业、航空航天器及设备制造业实际使用外资分别增长173.1%、41.4%、40.6%。 来源地方面，今年阿联酋、英国、瑞士等实际对华投资分别增长48.7%、17.1%、13.2%（含通过自由港 投资数据）。 11月21日，商务部数据显示，今年前10个月，全国新设立外商投资企业53782家，同比增长14.7%；实 际使用外资金额6219.3亿元人民币，同比下降10.3%。 ...

来源地方面，今年阿联酋、英国、瑞士等实际对华投资分别增长48.7%、17.1%、13.2%(含通过自由港 投资数据)。(秦燕玲) 商务部指出，从行业看，前10个月制造业实际使用外资1619.1亿元人民币，服务业实际使用外资4458.2 亿元人民币。高技术产业实际使用外资1925.2亿元人民币，其中，电子商务服务业、医疗仪器设备及器 械制造业、航空航天器及设备制造业实际使用外资分别增长173.1%、41.4%、40.6%。 11月21日，商务部数据显示，今年前10个月，全国新设立外商投资企业53782家，同比增长14.7%；实 际使用外资金额6219.3亿元人民币，同比下降10.3%。 ...

谈及如何以更大力度吸引和利用外资，商务部国际贸易经济合作研究院副研究员宋思源向《证券日报》记者表示，一是继 续完善外资政策体系，引导外资更多投向先进制造业等重点领域，同时，加强政策落实力度，做好政策宣传和解读；二是持续 优化营商环境，进一步简化外资审批流程，加强知识产权保护，完善外资企业投诉处理机制；三是打造好"投资中国"品牌，开 展多种形式的境外投资促进活动；四是发挥好开放平台的示范引领作用，通过实施自由贸易试验区提升战略，扩大制度型开 放，赋予开放平台更多先行先试政策，吸引更多外资集聚。 分行业来看，今年前10个月，制造业实际使用外资1619.1亿元人民币；服务业实际使用外资4458.2亿元人民币；高技术产 业实际使用外资1925.2亿元人民币，其中电子商务服务业、医疗仪器设备及器械制造业、航空航天器及设备制造业实际使用外 资分别增长173.1%、41.4%、40.6%。 近年来，我国高技术产业引资占比逐渐提高，利用外资质量大幅提升。在陈建伟看来，从引资结构看，资本流向与中国新 质生产力的发展逻辑相适配。例如，电子商务服务业实际使用外资的爆发式增长得益于中国全球领先的数字基础设施以及消费 场景迭代。 今年 ...

Core Insights - The Ministry of Finance reported that from January to October 2025, there were 53,782 newly established foreign-invested enterprises in China, representing a year-on-year increase of 14.7%. However, the actual utilized foreign capital amounted to 621.93 billion RMB, showing a decline of 10.3% compared to the previous year [1]. Industry Analysis - In terms of industry, the actual utilized foreign capital in the manufacturing sector was 161.91 billion RMB, while the service sector attracted 445.82 billion RMB [1]. - High-tech industries saw an actual utilization of foreign capital totaling 192.52 billion RMB, with significant growth in specific areas: e-commerce services increased by 173.1%, medical instruments and equipment manufacturing by 41.4%, and aerospace equipment manufacturing by 40.6% [1]. Source Country Insights - Foreign investments from the UAE, UK, and Switzerland increased by 48.7%, 17.1%, and 13.2% respectively, including data from free port investments [1].

Core Insights - The number of newly established foreign-invested enterprises in China reached 53,782 from January to October 2025, representing a year-on-year increase of 14.7% [1] - The actual utilized foreign capital amounted to 621.93 billion RMB, showing a year-on-year decrease of 10.3% [1] Industry Analysis - In the manufacturing sector, the actual utilized foreign capital was 161.91 billion RMB, while the service sector saw 445.82 billion RMB in actual utilized foreign capital [1] - High-tech industries attracted 192.52 billion RMB in actual utilized foreign capital, with significant growth in e-commerce services (173.1%), medical instruments and equipment manufacturing (41.4%), and aerospace equipment manufacturing (40.6%) [1] Source Country Insights - Investments from the UAE, UK, and Switzerland increased by 48.7%, 17.1%, and 13.2% respectively, including data from free port investments [1]

Group 1 - In the first ten months of 2025, a total of 53,782 new foreign-invested enterprises were established in China, representing a year-on-year increase of 14.7% [1] - The actual utilized foreign capital amounted to 621.93 billion RMB, showing a year-on-year decrease of 10.3% [1] - In terms of industry, the manufacturing sector attracted 161.91 billion RMB in foreign investment, while the service sector received 445.82 billion RMB [1] Group 2 - High-tech industries saw actual foreign investment of 192.52 billion RMB, with significant growth in e-commerce services (173.1%), medical instruments and equipment manufacturing (41.4%), and aerospace manufacturing (40.6%) [1] - From the perspective of investment sources, foreign investments from the UAE, the UK, and Switzerland increased by 48.7%, 17.1%, and 13.2% respectively [1]

Group 1 - The number of newly established foreign-invested enterprises in China from January to October 2025 reached 53,782, representing a year-on-year increase of 14.7% [1] - The actual utilized foreign capital amounted to 621.93 billion RMB, showing a year-on-year decrease of 10.3% [1] - In terms of industry, the actual utilized foreign capital in the manufacturing sector was 161.91 billion RMB, while the service sector saw 445.82 billion RMB [1] Group 2 - High-tech industries attracted 192.52 billion RMB in actual utilized foreign capital, with significant growth in e-commerce services (173.1%), medical instruments and equipment manufacturing (41.4%), and aerospace manufacturing (40.6%) [1] - From the perspective of investment sources, foreign investments from the UAE, UK, and Switzerland increased by 48.7%, 17.1%, and 13.2% respectively [1]

Core Insights - Chengdu's industrial added value increased by 7.5% year-on-year from January to September this year [1] Industry Performance - Out of 37 major industrial sectors in Chengdu, 24 sectors achieved positive growth, with 11 sectors maintaining double-digit growth [1] - The top ten industries contributed 5.8 percentage points to the overall industrial growth [1] - The three fastest-growing sectors were general equipment manufacturing (28.5%), automobile manufacturing (20.2%), and computer communication and other electronic equipment manufacturing (14.1%) [1] High-tech Manufacturing - High-tech manufacturing in Chengdu saw an added value growth of 11.2% year-on-year [1] - The electronic and communication equipment manufacturing sector grew by 29.8%, while the aerospace equipment manufacturing sector grew by 29.2% [1] Advanced Manufacturing - The five major advanced manufacturing sectors experienced an added value growth of 8.9% year-on-year [1] - The equipment manufacturing industry and electronic information industry grew by 17.0% and 12.9%, respectively [1] Emerging Products - Emerging products showed significant growth, with solar cells increasing by 247.1%, new energy vehicles by 238.0%, smartwatches by 54.4%, and industrial robots by 39.0% [1]

Economic Overview - In October, China's economy continued to show a steady improvement, with industrial production achieving a year-on-year growth rate of 4.9% [1] - The agricultural sector is expected to have a good harvest due to increased planting area and yield of autumn grains, which supports food security [1] Industrial Production - The industrial sector demonstrated characteristics of "overall stability and structural optimization," with the value-added of industrial enterprises above designated size growing by 4.9% year-on-year in October [1] - The equipment manufacturing industry saw a year-on-year increase of 8.0%, while high-tech manufacturing increased by 7.2%, outpacing the overall industrial growth by 3.1 and 2.3 percentage points respectively [1] - The current policies for large-scale equipment updates and the transformation of domestic manufacturing are expected to continue driving industrial production [1] Service Sector - The recovery of the service sector is closely linked to the holiday economy, with the accommodation and catering industry production index increasing by 3.9% year-on-year, accelerating by 2.6 percentage points compared to September [2] - From January to October, service retail sales grew by 5.3% year-on-year, slightly faster than the growth rate of goods retail sales [2] - The consumption market is expanding due to policy support and the recovery of service scenarios, with social retail sales of consumer goods increasing by 2.9% year-on-year in October [2] Investment Trends - Although the overall investment growth rate slowed in October, there is a clear trend of structural optimization, with manufacturing investment growing by 2.7% year-on-year [3] - Investment in high-end industries has increased significantly, with aerospace and equipment manufacturing up by 19.7% and information services by 32.7% [3] - Investment in clean energy, including solar, wind, nuclear, and hydropower, grew by 10.4% year-on-year, indicating a continued acceleration in energy structure transformation [3] Policy Outlook - To stabilize macroeconomic operations in the fourth quarter and the first quarter of the following year, it is expected that growth-stabilizing policies will be further strengthened by the end of the year [4] - Fiscal policy is anticipated to further support consumption, while monetary policy may implement a new round of interest rate cuts and reserve requirement ratio reductions [4]