Bourses To Invest In Pakistan
(UrduPoint / Pakistan Point News - 03rd Jan, 2017 ) The three exchanges - China Financial Futures Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange - will take a combined 30 percent, while the remaining 10 percent will be halved between their local partners - Pak-China Investment Company and Habib Bank.
Deng Ge, spokesman of the China Securities Regulatory Commission said earlier that CSRC supports the acquisition and hopes the deal is completed smoothly, with the prerequisite that the risks are controllable.
"This investment will help broadening economic and financial collaboration between China and Pakistan and will help implement the Belt and Road Initiative and China-Pakistan Economic Corridor," the announcement of SSE said.
Back in January 2015, at start of corporatization, Pakistan decided that the exchanges would offer no higher than 40 percent of their shares to international investors, no less than 20 percent to the public and the remaining to qualified domestic financial institutions.
PSX was included in the emerging market index of the Morgan Stanley Capital International in June last year. "Pakistan's market reform has been accelerating in recent years and the country has received backing from global institutions and overseas capital, making PSX more appealing to global investors than before," Bao Kaijun, an analyst with Shanghai-based Kunyuan Investment Advising Services, said.
China's financial market has been opening up and getting increasingly connected to global markets. The Shanghai-Hong Kong Stock connect and Shenzhen-Hong Kong Stock connect are key to this opening. MORE/qmr/asg