Published on : Tuesday, April 10, 2018
The equity exchange in northwest China’s Xinjiang Uygur Autonomous Region has launched a “tourism board” for trading of equities in local tourism companies. It will help the local tourism companies to generate more revenue that will prosper the tourism industry.
There are six local companies were listed on the board at Xinjiang Equity Exchange (XEE). XEE deputy managers Ma Qing said the “tourism board” would help finance local tourism companies, and by accumulating company information for the sector, serve the government in policy making and implementation.
The board was jointly established by the XEE and Xinjiang Tourism Association.
The regional equity platforms are an important part of China’s capital market that mainly provides financing services for non-public stock companies in equity circulation in the areas.
Last year, Xinjiang received more than 100 million tourists, the highest figure in its history. Consumption in the sector hit 180 billion yuan (28.5 billion U.S. dollars), a 30-percent increase.
Tags: china, Tourism Board, Xinjiang, Xinjiang Uygur Autonomous Region