Experts propose ETFs to boost China’s investment in Pakistan

May 21, 2024 (MLN): In a workshop held to explore areas of potential collaboration in capital markets between Pakistan and China, experts have suggested creating Exchange Traded Funds (ETFs) to provide Chinese investors with easier access to Pakistan’s capital markets.

According to a press release issued on Tuesday, the Securities and Exchange Commission of Pakistan (SECP) organized this workshop to benefit from the experience and ideas of financial market experts and veterans. 

The workshop was chaired by Akif Saeed, Chairman SECP.

The participants included Abdul Rehman Warraich, Commissioner SECP, senior management of SECP, and experts from capital market infrastructure institutions, brokerage houses, banks, insurance companies, and asset management companies. 

Specific suggestions included exploring cross listings between the respective stock exchanges, establishing joint ventures between Chinese firms and their local counterparts, and creating ETFs to provide Chinese investors with easier access to Pakistan’s capital markets. 

The participants deliberated ways to strengthen connections between the capital markets of both countries and to enhance Chinese investment in Pakistan’s capital markets.

The discussions further delved into ways to strengthen Pakistan’s infrastructure, strive for continuous digitalization, increase the stock market investor base, and attain greater international financial integration.

Additionally, there was a recognition of the need for further awareness of the stock market, as well as the creation of linkages.

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