The Number

2.38 million

The number of newly registered market entities in the first quarter, which shows improved market sentiment, new data showed on Wednesday. According to the State Administration for Industry and Commerce, about 2.38 million entities were registered during this period, a jump of 42.6 percent year-on-year. Market entities' aggregate capital rose 72.4 percent over the previous year to 2.91 trillion yuan ($468 billion).