In the current situation, people are not onlyiced on the stock market of India, as well as the condition of the stock market of neighboring Pakistan is being known. Bangladesh and China are also in discussion somewhere amidst India-Pakistan tension. However, when we talk about the stock markets, it has been revealed that China, Pakistan and Bangladesh have become an important player in the stock exchanges. China has won a significant stake in the major exchanges of the two countries.
India is far ahead of both India, Pakistan and Bangladesh in terms of stock market size. India claims a market capitalization of about 4.5 million million dollars ($ 4500 billion). At the same time, the valuation of Pakistan market is $ 44 billion and Bangladesh market is $ 5.72 billion.
How much China’s share in Pakistan stock exchange
In March 2017, a group of entities from China and Pakistan won a 40 percent stake in the Pakistan Stock Exchange. This is confirmed by the revelations made on the Shanghai Stock Exchange website. A statement on the exchange website stated, “In March 2017, Shanghai Stock Exchange (SSE), China Financial Futures Exchange (CFFEX), Shenzhen Stock Exchange (SZSE), Pak China Investment Company Limited and Habib Bank Limited created a concert and 40% stake in Pakistan Exchange.
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3 directors of China in the exchange board
In addition, the latest annual report of the Pakistan Stock Exchange shows that the exchange board has 10 directors and 3- You Hang, Fu Hao and Gu Junmei are Chinese. Hang, China Financial Futures are representatives of the CFFEX. The other two are senior officers of the Shanghai Stock Exchange. In addition, the 2024 annual report of Pakistan Stock Exchange has mentioned the Shanghai Stock Exchange, China Financial Futures Exchange and the Shenzhen Stock Exchange as the “foreign shareholder” of the exchange.
When did Pakistan stock extense
Pakistan Stock Exchange was incorporated in the year 1949 as Karachi Stock Exchange (Guarantee) Limited. But in the year 2012 it was made to Limited Karachi Stock Exchange. After this, in the year 2015-16, Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange were made one by one single national entity ‘Pakistan Stock Exchange Limited’. This is also in the latest annual report of the exchange.
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China’s share in Bangladesh’s stock market
A Chinese consortium, created by the Shanghai Stock Exchange and the Shenzhen Stock Exchange, gained a 25 percent stake in the Dhaka Stock Exchange, 1 year after winning a stake in the Pakistan Stock Exchange. A statement on the Shanghai Stock Exchange website said, “In May 2018, the Bangladesh Securities and Exchange Commission officially approved the Chinese Consistency scheme formed by Shanghai Stock Exchange and Shenzhen Stock Exchange.”
However, China does not have a major presence in the board of Dhaka Stock Exchange. According to the website of Dhaka Stock Exchange, only one of the 13 board members is from China. Wang High, Dhaka Stock Exchange of Shenzhen Stock Exchange is on the board.