On the Development of Ethnic Regions in Northwest of China and the Islamic Finance: Based on the "New Silk Road Economic Belt"

Abstract

The "New Silk Road Economic Belt" strategy has become the focus of global attention. It is not only the symbol of China's rise in the world, but also fully embodies Chinese development from international vision. Along the "silk road economic belt" regions, the most important factor is the common religious beliefs and the close economic and cultural exchanges in the development of Islamic finance. The regional economy and even the global economy is playing an increasingly important role. Based on the characteristics of Islamic finance in northwest China, development trend and the advantage of the development of Islamic finance under the background of the "New Silk Road Economic Belt", the paper appoints that opportunity is mature to Islamic finance for the regional development in northwest China.