China’s corporate credit index rose to 161.32 in August, up 2.45 points MoM, the
State Administration for Market Regulation said. Operational and regulatory
subindices drove the improvement; new entries to the abnormal-operations list
fell sharply while removals increased and the share of high-credit-risk firms
declined, supporting a stabilization and rebound in overall credit. Top five
sectors by index were financials, manufacturing, water/environment and public
facilities management, utilities (power/heat/gas/water), and
transportation/warehousing/postal; manufacturing, transport/warehousing/postal
and wholesale & retail posted the fastest MoM gains, with manufacturing at its
highest rank this year.