《新疆财经》是由新疆财经学院主办的经济类学术理论期刊,立足新疆,面向全国,以建设有中国特色的社会主义理论为指导,以推动改革开放为己任,坚持理论与实践相结合,注重发表反映全国经济改革与发展重大理论与实践方面的研究成果,探索新疆及西部地区经济发展的理论与实践问题,为新疆经济建设服务。主要栏目设有新疆经济、经济理论、金融证券保险、农业经济、工业经济、城市经济、财政会计、调查研究等栏目。 《新疆财经》始终坚持正确的办刊方向,坚持四项基本原则和改革开放的方针,坚持为教学科研服务、为经济改革和经济发展服务的宗旨。自创刊以来刊登了一大批国内优秀学者和有关部门领导者的理论与实践相结合的学术论文,对理论和实践工作都具有非常重要的意义。中国学术期刊综合评价数据库统计源期刊、中国期刊全文数据库全文收录期刊、《中文社会科学引文索引》(CSSCI)来源期刊、已被中国知网和万方数据库等收录。..... More>>
25 December 2025,Issue 6 Previous Issue   
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A Study of Impact Mechanism of New Quality Productive Forces on Regional Economic Resilience: An Analysis Based on Spatial Spillover Perspective
MENG Qinghong, SHI Shiqing
2025, 0 (6):  36-48.  doi: 10.16716/j.cnki.65-1030/f.2025.06.008
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Regional economic resilience refers to the ability of an economy to anticipate and adapt to shocks, achieve stable recovery and sustainable development. The rapid development of new quality productive forces has a certain impact on the enhancement of regional economic resilience. This paper incorporates new quality productive forces into the analytical framework of regional economic resilience, reveals the mechanism through which these forces influence regional economic resilience, and analyzes the spatial effects of that influence. The research findings show that both new quality productive forces and regional economic resilience have significant spatial autocorrelation. New quality productive forces positively affect the economic resilience of neighboring regions through spatial effects, enhance regional economic resilience by increasing the degree of marketization and deliver stronger resilience gains in eastern and central China with high population density. In the future, efforts should be made to increase the cultivation and investment in new quality productive forces, develop new quality productive forces in a differentiated manner based on regional heterogeneity through differentiated strategies to fully leverage the spatial effects of new quality productive forces, promote coordinated cooperation among regions, and empower high-quality economic development.

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The Logic, Challenge and Countermeasures of the New Quality Productive Forces Promoting High-quality Agricultural Development in Xinjiang, China
GU Xuewei, ZHAO Xianghao, FANG Jie
2025, 0 (6):  49-56.  doi: 10.16716/j.cnki.65-1030/f.2025.06.009
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As a pivotal agricultural production base in China, the development of Xinjiang's agricultural sector not only underpins its own economic growth but also bears profound significance for national food security and the stability of the ecological environment. Against this backdrop, the new quality productive forces, as an advanced paradigm of productive forces driven by scientific and technological innovation at its core, have become a critical pathway for promoting high-quality agricultural development in Xinjiang,China. This paper systematically dissects the intrinsic logic through which new quality productive forces empower agriculture to achieve enhanced production efficiency, transformed labor structure, and upgraded industrial structure via scientific and technological innovation, technology extension, and digital economy empowerment in Xinjiang, China.Simultaneously, from the perspectives of farmers, enterprises, and the government, the prominent issues existing have been analyzed in the current agricultural development in Xinjiang, including difficulties in promoting water-saving facilities, insufficient support for key technologies, talent loss, and an imbalance in labor structure. In response to these issues, the paper further proposes targeted recommendations, such as intensifying the innovation of agriculture-benefiting policies, promoting the in-depth integration of the agricultural industrial chain, and constructing a modern agricultural labor echelon, in order to provide decision-making references for high-quality agricultural development and accelerating the building of a strong agriculture in Xinjiang,China.

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ESG Performance and Corporate Equity Financing Costs
ZHAO Junmei, HU Xiaojuan, ZHAO Yuzhen
2025, 0 (6):  57-68.  doi: 10.16716/j.cnki.65-1030/f.2025.06.010
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Manufacturing enterprises have long been trapped in the chronic dilemma of “difficult and costly financing,” which not only limits the expansion of the manufacturing industry’s scale but also hinders its transformation and upgrading toward high-end and green development. With the gradual improvement of China’s ESG information disclosure system, the impact of corporate ESG performance on equity financing costs has become increasingly prominent. This paper uses A-share listed manufacturing companies in Shanghai and Shenzhen from 2014 to 2023 as the research sample to empirically examine the impact of ESG performance on equity financing costs and its underlying mechanisms. The research results show that strong ESG performance helps reduce corporate equity financing costs, with supply chain concentration playing a partial mediating role in this relationship. Further analysis reveals that analyst attention and financing constraints positively and negatively moderate the above relationship, respectively. Additionally, the reducing effect of ESG performance on equity financing costs is more pronounced in regions with higher levels of business environment, enterprises with higher digitalization levels, and state-owned enterprises. In the future, enterprises should deeply integrate ESG principles into their governance structures and strategic systems, effectively enhancing their sustainable development capabilities by reducing operational risks and financing costs.

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Tax Incentives and Corporate ESG Performance: From the Perspective of Financing Constraints
FENG Li, LIU Pei
2025, 0 (6):  69-80.  doi: 10.16716/j.cnki.65-1030/f.2025.06.011
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As an important tool of fiscal policy, preferential tax policies incentivize enterprises to actively adopt the ESG concept actively, achieving a deep integration of economic and social benefits. This paper empirically examines the impact of preferential tax policies on the Environmental, Social, and Governance (ESG) performance of corporate entities and their underlying mechanisms, using data from Shanghai and Shenzhen A-share listed companies from 2018 to 2023. The research findings indicate that preferential tax policies can significantly enhance corporate ESG performance, and in terms of impact mechanisms, preferential tax policies primarily improve corporate ESG performance by alleviating financing constraints and increasing corporate R&D investment. Further analysis reveals that, compared to state-owned enterprises, both income tax incentives and turnover tax incentives have a more pronounced effect on improving the ESG performance of non-state-owned enterprises. Compared to central and western China, these two types of tax incentives have a stronger incentive effect on the ESG performance of enterprises in eastern China. Based on this, in the future, tax incentives should be continuously promoted, financing support and R&D incentives should be strengthened, and the overall ESG performance of capital markets should be improved to achieve coordinated economic and social benefits.

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