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    25 August 2018, Volume 0 Issue 4 Previous Issue    Next Issue
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    Analysis on Inhibiting Factors of Rural Financial Development in Xinjiang and Supply and Demand
    Chen Zhiguo, Li Hong, Xin Chongchong
    2018, (4):  5-10.  doi: 10.16716/j.cnki.65-1030/f.2018.04.001
    Abstract ( )   PDF (867KB) ( )   Save
    In order to ensure the coordinated development of rural finance and rural economy in Xinjiang,achieve the rural financial supply and demand balance,and effectively play the supporting effect of the rural finance of Xinjiang rural economy development,on the basis of studying on the rural financial institutionalization inhibition factors,this paper comprehensively studies the rural financial demand from the money demand,the demand of the credit and financial services demand of three levels.At the same time,it deeply analyzes the rural financial supply in Xinjiang.The research finds out the problems of rural financial supply and demand imbalance.Finally,according to the contradiction between supply quantity and demand quantity of rural finance and the contradiction between supply and demand structure,the paper puts forward the effective policy implication of solving the contradiction between supply and demand of rural finance in Xinjiang.
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    A Dynamic Evolutionary Game Analysis of the “Herd Behavior”of Fund Managers in China’s Securities Market
    Wang Jun, Wu Yuqian, Huang Huaji
    2018, (4):  11-20.  doi: 10.16716/j.cnki.65-1030/f.2018.04.002
    Abstract ( )   PDF (4148KB) ( )   Save
    Herding capital market presence will cause excessive concentration of funds,which not only will make it lose the original financing function,but will lncrease market volatility risks.From the perspective of behavioral finance,this paper establishes a dynamic evolutionary game for the fund manager’s market herd behavior.According to the analysis,when the cost of information snooping in the industry is low,managers who make investment decisions and act first will obtain greater benefits when they spend relatively high costs to obtain relevant information.The trail manager only needs to observe the former's signal and choose to follow to get the maximum benefit.The conclusion is in line with market facts but it is not conducive to the stable development of the market.Therefore,based on the model results,in order to avoid the obvious existence of herd behaviors in the market for the analysis of the fund industry,the paper provides corresponding suggestions for the healthy development of the fund industry in the future industry governance recommendations.
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    A Study of the Optimization of the Circulation System of Agricultural Products in Xinjiang
    Liu Zhilin
    2018, (4):  21-29.  doi: 10.16716/j.cnki.65-1030/f.2018.04.003
    Abstract ( )   PDF (1181KB) ( )   Save
    The circulation system of agricultural products is the key to realize the docking smoothly and efficiently and low costly between agricultural products production and demand.Because of the unique geographical position of Xinjiang,the construction of the circulation system of agricultural products is particularly important.However,There are five problems in the current agricultural product circulation system in xinjiang:incomplete sales network,the logistics service capability is insufficient,Circulation of the body is weak,imperfect marketing platform,e-commerce level is not high.Therefore,the agricultural product circulation system improvement in xinjiang should be from the above five aspects.
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    On Relationship of Community Identity,Customer Engagementand Brand Loyalty in the Virtual Brand Community——Based on the Perspective of Social Network Theory
    Yin Shaoming, Yang Ning, Wang Xin
    2018, (4):  30-39.  doi: 10.16716/j.cnki.65-1030/f.2018.04.004
    Abstract ( )   PDF (1261KB) ( )   Save
    The rapid development of social media has changed the way of communication between enterprises and consumers,and has realized the innovation of business mode.As a product of social media development,virtual brand community has become an important platform for interaction between enterprises and customers,and also a main place to achieve customer satisfaction.From the perspective of social network theory,this paper studies the relationship between community identity,customer engagement and brand loyalty in the virtual brand community.The results show that social interaction,centrality,trust and reciprocity and self concept consistency have positive impact on community identity in social networks,and community identity is positively affecting customer engagement,and customer engagement actively promotes customer brand loyalty,and customer engagement has played a role of complete intermediation in the impact of community identity on brand loyalty.This paper provides a reference for the construction and management of the virtual brand community and the participation of customers in the virtual brand community.
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    The Status Quo of Rural Residents’ Income and Living Consumption in Kashgar Region in Xinjiang
    Liu Yaxuan, Chen Jing
    2018, (4):  40-46.  doi: 10.16716/j.cnki.65-1030/f.2018.04.005
    Abstract ( )   PDF (848KB) ( )   Save
    In the report at the 19th National Congress of the Communist Party of China,it is stressed that we need to mobilize the whole party and the whole country to achieve the goal of targeted poverty alleviation and targeted poverty alleviation.To investigate the factors affecting the income of rural residents,the association between income and consumption of rural residents in southern Xinjiang,and its variation is one of the important basic works for reducing poverty precisely during the thirteenth plan of five-year national planning.In this paper we selected Shache,Zepu and Yingjisha,three counties in Kashgar Region,as research areas,and randomly selected 300 rural households sample to carry out household survey.After collecting the data,we analyzed the influence factors and the structure and relationship of rural residents’ income and consumption with ordered multi-classification logistic regression model and gray correlation analysis.In the southern Xinjiang,rural household income was mainly affected by the number of family labors and the level of education,and was mainly composed of operating and transfer income.The wage income was relatively low.Household expenditure of rural residents mainly went to food,shelter,clothing,and other survival consumption.By contrast,there was a considerable? gap between Xinjiang and eastern provinces,in aspect of health care,transportation and other enjoyment consumption level.To attain the goal of completing the building of a moderately prosperous society in all respects by 2020,we must continue to improve the educational level and labor skills of rural residents in ethnic minority areas,greatly improve the rural residents’ income level and optimize the structure of consumption expenditure in minority concentrated region.
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    Analysis on the Effect of Counterpart Support Policy on Income Distribution Equity——A Test from Xinjiang
    Zhang Bin, Jia Wenli
    2018, (4):  47-57.  doi: 10.16716/j.cnki.65-1030/f.2018.04.006
    Abstract ( )   PDF (1368KB) ( )   Save
    This paper uses the two-nested Theil index decomposition method to study the changing conditions and formation mechanism of income inequality in Xinjiang based on the data of 14 regions and prefectures in Xinjiang from 2005 to 2015,and it tests the effect of pairing assistance policy on income inequality.The results show that the overall income gap in Xinjiang has been greatly reduced after the counterpart support.The income gap between urban and rural areas is the dominant factor causing the overall income gap.The internal and external regional income disparity has relatively limited impact on the overall income gap.the empirical test found that the implementation of counterpart support policies could significantly reduce the overall income gap in Xinjiang,especially to help shrink the income gap between urban and rural areas,income distribution fair effect was significant,but it would significantly widen the income gap between regions ,and had been no significant impact on the internal income gap.
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    An Empirical Analysis of Investment and Financing Efficiency of Culture Industry in Xinjiang
    Xia Yong, Cai Wenjing, Ren Weiqing
    2018, (4):  58-65.  doi: 10.16716/j.cnki.65-1030/f.2018.04.007
    Abstract ( )   PDF (2066KB) ( )   Save
    This paper evaluates the comprehensive technical efficiency ,scale efficiency,pure technical efficiency of Xinjiang’s cultural industry investment and financing and its dynamic changes using DEA-BCC Model and Malmquist Model,studies its investment redundancy and insufficient output.The results shows that the overall level of Xinjiang’s cultural industry investment and financing is not high,the combined efficiency and pure technical efficiency are at the bottom of the efficiency curve and are on the rise,the financing scale efficiency has been in the rising range and driven pure technical efficiency.Compared with the whole country,investment redundancy of Xinjiang’s cultural industries is less.Insufficient output is mainly manifested in the less operating profit of cultural enterprises,culture markets are not prosperous.Finally,it puts forward some suggestions to improve the efficiency of investment and financing of culture industry in Xinjiang.
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    The Influence of NBK’s Policy on Currency Degree under the Framework of New Monetary Policy
    Nan Nan, Zhang Wenzhong
    2018, (4):  66-72.  doi: 10.16716/j.cnki.65-1030/f.2018.04.008
    Abstract ( )   PDF (1302KB) ( )   Save
    In 2014,the central bank of kazakhstan began to transform its monetary policy framework and the federal reserve gradually withdrew from quantitative easing,which tested the ability of the central Banks of developing countries to adjust their monetary policies and match the specific national conditions.Kazakhstan is faced with both lowering domestic inflation and enhancing the degree of financial deepening.In this context,this paper analyzes and explains the impact of Kazakhstan’s inflation targeting,the transmission mechanism,and other important policy on currency degree.Through the research found that:first,the slow process of Kazakhstan’s monetization closely related with the central bank’s policy;second,the transformation of Kazakhstan’s monetary policy will delay the process of economic monetization;Third,the setting of the monetary policy objectives and the new monetary policy framework and its transmission mechanism in Kazakhstan has inhibited the development of the country’s monetization process to some extent.
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    Adjustment and Enlightenment of Foreign Investment Policyin Kazakhstan——Based on Two-Gap Model
    Gao Yang
    2018, (4):  73-80.  doi: 10.16716/j.cnki.65-1030/f.2018.04.009
    Abstract ( )   PDF (849KB) ( )   Save
    According to the Two-Gap Model,the paper analyzes the Kazakhstan with foreign capital continued massive inflows,although the savings and foreign exchange “Two-Gap Model” gradually turned into “double surplus”,Kazakhstan is still through various investment policies to attract foreign investment.This change does not mean that deviate from the “Two Gap Model”,but because of Kazakhstan is in the process of attracting foreign capital,the technology spillover effect has not been a good release.Although the flows has introduced large enough but the technology content is still insufficient,the paper further through the Kazakhstan investment policy adjustment combing,Kazakhstan has begun to gradually improve the quality of the introduction of foreign capital requirements.This change also puts forward higher requirements on the participation of Kazakhstan investment for Chinese enterprises.
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