Developing Capital Market To Promote The Opening Of Xinjiang

Xinjiang is vast in territory and abundant in natural resources including water, soil, light, heat and mine materials. It also has peculiar tour resources and geographical location. Based on the unique and plentiful resources, Xinjiang has developed its own advantageous industry as well as distinguishing products, thus forming an irreplaceable position in the pattern of the civil district economic development. With the performance of the reform and opening policy, Xinjiang has promoted the rapid development of the economy, making full use of its advantageous natural resources and geographical condition. However, comparing with the developed areas in the western China, Xinjiang is somewhat backward. Further more the difference between them has become more and more obvious. There are many reasons for the difference: geographical environment, concept, national development strategy and district policy. Influenced by the factors above, Xinjiang enterprises lack of competition in the markets. Besides that the?low speed and low efficiency? state in Xinjiang has lasted for a long time. Now the enterprises in Xinjiang are confronted with two choke points as insufficient capital and backward technology during the course of reform and development. In fact, enterprises which have a closed relationship with the local economy are the back-bone force in boosting it. According to the present state, this paper focuses on a most important way developing the capital market so as to promote the development of xinjiang economy and solve the problems mentioned above. How to make the listing companies fully exert their pillar influence and cultivate more and better ones is crucial for the rapid development of Xinjiang economy. It is decisive to achieve the strategic goal of opening the western areas in some degree. Entirely operating the function of the capital market, especially the comprehensive advantage of the listing companies has become an important issue for the realization of transferring Xinjiang superior resources. With the present listing companies as the main body, the resources will be developed. And the spigot enterprise will come into being by way of re-combining assets and re-uniting strategies. At the same time, the development of Xinj iang capital market will aim at grasping the opportunity of opening the western areas, adopting manifold means and cultivating more and better listing compames. The paper is totally divided into three parts: The first part sets its foot on the economic difference between Xinj iang and the eastern areas. It generalizes the reasons for the difference. Simultaneously combining the good situation brought by opening the western areas, it analyzes the related effect on Xinjiang exerted by the capital market and puts forward the necessity of the capital market. The second part describes the rapid development of the capital market in Xinjiang. On one hand it emphasizes the positive effect of the capital market. On the other hand it calmly points out the problems in the development of Xinjiang secruities market and gives the relative suggestions. Th third part states the function of our STAQ in the course of the transformation of state enterprises and adjustment of the industrial structure. Meanwhile it clarifies that the forthcoming SDAQ will provide the high-tech enterprises of small or middle size and non-government ones with a good opp...