After a central work conference laid down strategic plans for the development of the Xinjiang Autonomous Region's economy in May (the centerpiece of which was a shake up of resource tax collection), investors in China's domestic stock markets have begun to pay more attention to listed companies doing business in the region. A huge influx of capital, sourced from both the increase in resource tax revenue and also investment from other provinces as part of a "sister region" program, is expected to boost the prospects of listed companies operating in Xinjiang.

Source

China Securities Journal

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