Core Viewpoint - The establishment of the Xinjiang New Railway Company with a registered capital of 95 billion RMB marks a significant development in the railway infrastructure sector, leading to a surge in related stocks and convertible bonds in the A-share market [1][2][3] Group 1: Market Performance - On August 8, shares of Xinjiang Jiaojian hit the daily limit, while its convertible bond, Jiaojian Convertible Bond, surged by 19.28%, with a total trading volume of 5.269 billion RMB [1][2] - The latest conversion premium rate for Jiaojian Convertible Bond reached 17.94%, indicating a pricing significantly higher than the underlying stock [2] Group 2: New Railway Company - The Xinjiang New Railway Company was recently established, with a focus on various services including construction, railway transportation, and engineering management [3] - The legal representative of the company is Ma Yinjun, who is also the deputy general manager of the Qinghai-Tibet Railway Group [3] Group 3: Strategic Railway Development - The railway construction in Tibet is entering a historic opportunity phase, with the Sichuan-Tibet Railway as the main framework expected to be fully operational by 2032 [5][6] - The goal is to establish a highland railway framework centered around Lhasa, exceeding 5,000 kilometers by 2035, connecting four provinces and regions [5][6] Group 4: Specific Railway Projects - The Sichuan-Tibet Railway, with a total length of 1,838 kilometers, is currently under construction, with various segments already completed [6] - The Yunnan-Tibet Railway is set to fill the gap in the southwest, with certain sections already approved for construction [7] - The Xinjiang-Tibet Railway will connect Xinjiang and Tibet, completing the "four-way" closure, with preliminary work already initiated [8]