Tibet Financial Ability Of Listed Companies

Since 1980, the central government has held a total of four (five) times of special meetings on Tibet’s work and given a number of preferential finance policies,-including loan policy. All-these preferential policies have strongly supported Tibet’s key industries and enterprises such as energy, post and communication. Particularly, after the third special meeting on Tibet’s work, the monetary system of Tibet has been further shown some improvement and created a favorable condition for the high-speed development of the industrial and commercial enterprises. In such a circumstance, Tibet’s Minzhu appeared on the Shanghai Stock Exchange market as the first stock company of TAR in 1995, and so far there are 9 stock companies in Tibet. However, except for Qizheng Tibetan Medicine Company which appeared on the stock exchange market in 2009, all the other 8 companies were not able to grow faster and make expected achievement in the stock market due to their poor performances in circulating necessary funds as well as repaying their shareholders. Even two of them were specially dealt with because of their consistent loses of their capital, and three of them were merged by outside companies. In order to accomplish the great leap-over development of TAR’s socio-economy, TAR Government nowadays are actively contributing state-owned capital to promote characterized and dominant industries, provide relevant supports in industrial planning and various policies to establish five major industrial groups of architecture, building materials, mining, tourism and Tibetan medicine, formulate and release "Views on Deepening the Reform of TAR’s Enterprises ", and invest 0.5 billion Yuan to set up the industrial development and state-owned enterprise reform foundation. Therefore, it is certain that Tibet’s stock companies will be having a enormous opportunities for their development.1、Aim of the research The aim of the research is to a) explore the financial performances of the enterprise’s core capability through studying criteria indicators of Tibet’s stock companies, b) understand the actual strength of Tibet’s stock companies through analyzing financial capability of Tibet’s stock companies in different industries, and find critical issues of Tibet’s stock companies and solutions for addressing these problems through indicating the statistical results of each financial capability criteria of these stock companies.2、Content of the ResearchThis paper will be divided into nine chapters. Chapterl introduction:describe particularity and aim of the research on Tibet’s stock companies. Chapter 2 review of sources:this include sources in both Chinese and western languages. Chapter 3 basic theory:describe the definition, characteristics, systematic structure and internal relations of the enterprise’s financial capability. Chapter 4 financial capacity:includes capabilities of making profit, paying debts, operating and managing, and developing. Chapter 5 analysis of the financial capability of Tibet’s manufacturing companies:better understand the financial capability of three manufacturing companies known as Tibet Development, Tibet Medicine and Qizheng medicine by analyzing their financial criteria indications. Chapter 6 analysis of the financial capability of stock companies in Tibet’s tourist sector: better understand the financial capability of Tibet’s pillar industries_through analyzing the financial criteria indications of stock companies in Tibet’s tourist sector. Chapter 7 analysis of the financial capability of stock companies in Tibet’s construction sector:better understand the financial capability if Tibet Tianlu Company by analyzing the financial criteria indications of stock companies in Tibet’s construction sector. Chapter 8 analysis of the financial capability of stock companies in Tibet’s excavation sector:better understand the financial capability if Tibet Mining Industry by analyzing the financial criteria indications of stock companies in Tibet’s excavation sector. Chapter9 Conclusion:find critical issues of Tibet’s stock companies and solutions for addressing these problems through analyzing and indicating the statistical results of each of four major financial capabilities criteria.3. Contribution of the Research a) Gain a clear picture of the Tibet’s stock companies by more thoroughly describing background, opportunity and particularity o these stock companies;b) Analyzed financial capabilities of Tibet’s stock companies based on basic enterprise’s capacity and financial capability theory;c) More clearly described the major financial capability criteria indications for the last three-year stock market performance of Tibet’s stock companies by collecting, sorting out, calculating and analyzing relevant statistics in reports in different time;d) Fond problems in criteria indications and solutions to address these problems by analyzing financial criteria indications of Tibet’s stock companies in different industries;e) Tried to touch the unexplored field of Tibet’s stock companies with my limited knowledge on this subject.