Recently, China Financial Futures Exchange (CFFEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), Pak China Investment Company Limited and Habib Bank Limited as a consortium have won the bid to purchase a 40% stake in the Pakistan Stock Exchange. The three exchanges will hold 30% of Pakistan Stock Exchange’s shares.
Pakistan Stock Exchange is the only national stock exchange in Pakistan formed by consolidation of Karachi, Islamabad and Lahore stock exchanges. Pakistan Stock Exchange offers trading in stocks, bonds and derivatives Products.
The investment is conducive to broadening of the economic and financial cooperation between the two countries and facilitates the implementation of the Initiatives of One Belt One Road and China-Pakistan Economic Corridor. The investment puts new contents in the traditional friendship between China and Pakistan. Under the premise of controllable risks, the Consortium will implement the follow-up of equity acquisition in line with the principle of equality, cooperation, mutual benefit and win-win situation.
