中新社北京12月24日电 (记者 陈康亮)中国上市公司协会(下称"中上协")24日披露的数据显示，今年1月 至11月，中国境内市场新增首发上市公司98家，首发募资总额1027.29亿元(人民币，下同)；其中，制造 业公司数量约占九成。 中上协的数据还显示，截至2025年11月30日，中国境内股票市场共有上市公司5462家，上海、深圳、北 京证券交易所分别为2296、2881、285家。 分股份类型统计，仅发A股公司5216家，A+H、A+B等多股份类型的公司238家，仅发B股公司8家。 分类别看，国有控股和非国有控股公司数量分别占27%、73%，制造业，信息传输、软件和信息技术服 务业，批发和零售业为上市公司数量前三甲。 分辖区看，江苏、浙江(不含宁波)、北京辖区上市公司分别为718家、608家、477家，位列前三，汇集 33%上市公司。 此外，按11月收盘价计算，上市公司境内股份总市值105.42万亿元；其中，电气、电子及通讯行业占比 22%，高于金融业。按规模划分，千亿元以上市值公司157家，市值占比超四成。年初以来，万亿元以 上市值公司新增1家，千亿以上市值公司新增33家。 自年初以来，A+H股公司新增 ...

Core Insights - The report from the China Listed Companies Association provides a clear snapshot of economic transformation as of October 2025, highlighting significant changes in market structure, including a rewriting of industry landscapes, a re-ranking of company valuations, and an acceleration of cross-border listings [1] Group 1: Rise of Manufacturing and Technology - The capital market's structural change is first reflected in the shift towards manufacturing and technology sectors, with 71 new manufacturing companies listed in the first ten months of the year, while the real estate and financial sectors saw a net decrease in company numbers [2] - As of October, the total market capitalization of the electrical, electronic, and communication sectors reached 24.29 trillion yuan, surpassing the financial sector for four consecutive months, indicating a shift in capital market value from traditional heavy asset industries to high-end manufacturing and technological innovation [2] Group 2: Market Differentiation and Resource Allocation Efficiency - The market capitalization structure is undergoing a new round of reorganization, with one new company exceeding a market cap of 1 trillion yuan and 36 companies exceeding 100 billion yuan, while companies with market caps below 2 billion yuan decreased by 419 [3] - The median market capitalization across the market increased to 6.497 billion yuan compared to September, reflecting accelerated market selection and a more active capital flow towards leading and innovative enterprises [3] Group 3: Deepening Capital Market Openness - The internationalization of the capital market is accelerating, with 14 new A+H share companies and over 80 domestic companies listing overseas by the end of October, marking a significant trend in companies seeking financing abroad [4] - This shift not only expands financing channels but also enhances governance standards, international competitiveness, and global resource allocation capabilities, as companies face stricter international regulations and competition [4] - The ongoing optimization of capital market structure is expected to continue driving high-quality economic development, with a reorganization of industry growth momentum reshaping capital flows and enhancing overall market efficiency [4]

Group 1 - The core viewpoint of the article highlights significant changes in the structure of China's capital market, reflecting the ongoing economic transformation and the emergence of three key trends [1] Group 2 - The rise of the manufacturing and technology sectors is reshaping the core of economic growth, with 71 new manufacturing companies listed in the first ten months of the year, while the real estate and financial sectors saw a net decrease in company numbers [2] - The total market capitalization of the electrical, electronic, and communication sectors reached 24.29 trillion yuan, surpassing the financial sector for four consecutive months, indicating a shift in capital market value from traditional heavy asset industries to high-end manufacturing and technological innovation [2] Group 3 - Market differentiation is intensifying, with a new round of restructuring in company valuations, including the addition of one company with a market cap over 1 trillion yuan and 36 companies over 100 billion yuan, while companies with valuations below 2 billion yuan decreased by 419 [3] - The median market capitalization across the market increased to 6.497 billion yuan, reflecting accelerated market selection and a more active capital flow towards leading and innovative enterprises [3] Group 4 - The dual opening pattern of the capital market is deepening, with 14 new A+H share companies and over 80 domestic companies listing overseas by the end of October, marking a normalization of companies "going out" for financing [4] - This trend not only expands financing channels but also enhances governance standards, international competitiveness, and global resource allocation capabilities [4] - The active integration of enterprises into the global capital network is expected to elevate China's position in the global supply chain, further aligning the capital market with national strategies [4]

Group 1 - As of September 30, 2025, there are 5,444 listed companies in China's domestic stock market, with the Shanghai, Shenzhen, and Beijing stock exchanges having 2,287, 2,880, and 277 companies respectively [1] - The total market capitalization of listed companies reached 105.99 trillion yuan, marking the highest point in nearly four years, with the electrical, electronic, and communication sectors having a market cap of 24.43 trillion yuan, accounting for 23% of the total [1] - State-owned and non-state-owned companies account for 27% and 73% of the total number of listed companies, respectively, with manufacturing, information transmission, software, and IT services being the top three sectors by company count [1] Group 2 - There are 160 companies with a market capitalization exceeding 100 billion yuan, representing over 40% of the total market capitalization, while 1,708 companies fall within the 10 billion to 100 billion yuan range [2] - Since the beginning of the year, one company with a market cap over 1 trillion yuan has been added, along with 36 companies exceeding 100 billion yuan, while 383 companies with a market cap below 2 billion yuan have been removed [2] - The median market capitalization across the market is 6.454 billion yuan [2] Group 3 - In September, 11 new companies were listed, raising a total of 11.689 billion yuan, while 2 companies were delisted [3] - Since the start of the year, 11 A+H share companies have been added, and over 70 domestic companies have listed overseas, with 1,835 Chinese concept companies listed in major overseas markets [3]

Core Insights - The report from the China Securities Association indicates that as of September 30, 2025, there are 5,444 listed companies in the domestic stock market, with the Shanghai, Shenzhen, and Beijing stock exchanges having 2,287, 2,880, and 277 companies respectively [1] Market Capitalization - The total market capitalization of domestic listed companies reached 105.99 trillion yuan, marking the highest point at the end of any month in nearly four years [1] - The total market capitalization of the electrical, electronic, and communication sectors is 24.43 trillion yuan, surpassing the financial sector, accounting for 23% of the total market capitalization, an increase of 1.8 percentage points from the previous month [1] Company Size Distribution - There are 160 companies with a market capitalization exceeding 1 billion yuan, representing 3% of the total number of companies, but accounting for over 40% of the total market capitalization [1] - The number of companies with a market capitalization between 100 million and 1 billion yuan is 1,708, while there are 3,346 companies with a market capitalization between 20 million and 100 million yuan [1] - Since the beginning of the year, one company with a market capitalization exceeding 10 billion yuan has been added, 36 companies with a market capitalization exceeding 1 billion yuan have been added, and 383 companies with a market capitalization below 20 million yuan have been removed [1] - The median market capitalization across the market is 64.54 million yuan [1]

Group 1 - As of August 31, 2025, there are 5,435 listed companies in China's domestic stock market, with 2,286 on the Shanghai Stock Exchange, 2,875 on the Shenzhen Stock Exchange, and 274 on the Beijing Stock Exchange [2] - Among the listed companies, 5,195 are A-share companies, 8 are B-share companies, and 232 have multiple share types such as A+B and A+H [2] - State-controlled companies account for 27% of the total, while non-state-controlled companies make up 73% [2] Group 2 - The total market capitalization of listed companies in the domestic market reached 104.16 trillion yuan, the highest point in nearly four years [3] - The electrical, electronic, and communication sectors have a total market capitalization of 22.19 trillion yuan, surpassing the financial sector since July [3] - There are 160 companies with a market capitalization exceeding 100 billion yuan, representing nearly 3% of the total number of companies and over 40% of the total market capitalization [3] Group 3 - In August, 8 new companies were listed, raising a total of 6.463 billion yuan, with no companies delisted [3] - Since the beginning of the year, 11 A+H share companies have been added, and over 70 domestic companies have listed overseas [3] - There are 1,831 Chinese concept companies listed in major overseas markets [3]