BEIJING: Pakistan Stock Exchange (PSX) and Shenzhen Stock Exchange (SZSE) on Tuesday signed an agreement to upgrade trading and surveillance systems at a ceremony held in Shenzhen, a major city in the Chinese province of Guangdong.
General Manager of Shenzhen Stock Exchange Wang Jianjun, Chairman of Pakistan Stock Exchange Ltd. Sulaiman S. Mehdi and General Manager of China Financial Futures Exchange Huo Ruirong attended the signing ceremony, according to China Economic Net (CEN).
It is an exciting practice in respect to the Belt and Road Initiative and China-Pakistan Economic Corridor (CPEC).
As a breakthrough in technological cooperation between emerging markets, it marks the first instance of the Chinese securities technology system going global, a victory won by SZSE in the fierce international competition with global top suppliers.
According to the agreement, SZSE, based on its latest independently-developed trading and surveillance system and the actual development of Pakistan’s capital market will upgrade the existing PSX trading system and build a market surveillance system for PSX.
The new system will significantly improve PSX’s safe operation capacity, market operation efficiency, and risk control, further enhance the competitiveness and influence of PSX in the region and lay a more solid foundation for the development and expansion of Pakistan’s capital market.
Pakistan is undergoing a booming energy shift resulting in solar energy adoption among all orders…
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 366.32…
Pakistan Stock Exchange (PSX) on Tuesday announced the appointment of Farrukh H. Sabzwari as its…
Terming Pakistan as an important partner country, the Asian Infrastructure Investment Bank (AIIB) on Tuesday…
Pakistan's export of goods and services to the United Kingdom (UK) witnessed an increase of…
Securities and Exchange Commission of Pakistan (SECP) held a press briefing at its Head Office…
Leave a Comment