Tianshannet news (Reporter Wang Yongfei): During the "13th Five-Year Plan" period, Xinjiang has been continuously improving the building of a multi-level capital market, which serves as a "growth booster" for enterprises to improve governance structure, increase the amount of financing and further to achieve high-quality development. As of the end of August 2020, Xinjiang has 58 A-share listed companies, an increase of 15 from that in 2015 at the end of the “Twelfth Five-Year Plan” period. The total number of listed companies ranks first in the five northwestern provinces.
In June 2020, the General Office of the People’s Government of XUAR issued the “Implementation Opinions on Accelerating the Building of a Multi-level Capital Market in Xinjiang” to promote the building of a full-chain multi-level capital market service system in dealing with listing, financing, restructuring, cultivation and incubation, private placement and transfer in regional equity markets as well as public offering and listed transaction in national equity markets, offering guidance to companies to become better and stronger by taking advantage of the multi-level capital market.
Under the guidance of various preferential policies, enterprises in Xinjiang have significantly increased their awareness of taking advantage of the capital market. In addition to the accelerated increasing of the number of listed companies, more and more companies choose to list on the Xinjiang Equity Exchange Center or the National Equities Exchange and Quotations (NEEQ). As of the end of August 2020, a total of 65 companies in Xinjiang were listed on the NEEQ, 845 companies were listed on the Xinjiang Equity Exchange Center.
From 2016 to August 2020, enterprises in Xinjiang have achieved a total of 281.053 billion RMB yuan in direct financing through the capital market, 1.77 times the total amount of financing in previous years, which effectively promoted the construction of infrastructure, energy and logistics, and promoted high-quality economic development.