China (Xinjiang) And The Five Central Asian Countries Of The Regional Financial Cooperation

With the rapid development of Economic globalization and regional economic integration, as the core of modern economy, financial media, guidance and regulation can not be ignored in the regional economic cooperation. By this cooperation, financial resources can achieve freedom flow, optimize the allocation of resources and the financial capital can integrate with the industrial capital, eventually achieve the linkage development and the rail operation of economy and finance in the region. The economic cooperation between China (Xinjiang) and five central Asian countries in recent years develops rapidly. Increasing the financial cooperation between them can grant powerful financial support and make better economic development in the region. In this paper, it firstly introduces relevant theories on regional financial cooperation, analyzes the reason, foundation and situation of their regional financial cooperation, then adopts experiences of the European Union, North America and Asia and presents the ideas of China (Xinjiang) and five central Asian countries regional financial cooperation, points out the idea of their regional financial cooperation and especially to accelerate the regional financial cooperation between China and Kazakhstan. On the basis of summarizing the experience of China and Kazakhstan's cooperation, we need to promote to other four countries, to tap the Shanghai Cooperation Organization's potential and to formulate cooperation objectives, principles and mechanism. Finally this paper puts forward the strategic choices of China (Xinjiang).