PSX clarifies no investment commitment regarding a signed agreement between PSX and SZSE

MG News | December 02, 2019 at 02:49 PM GMT+05:00

0:00

December 2, 2019 (MLN): Chairman PSX via press conference has clarified regarding the signing of the agreement for the acquisition of IT Trading & surveillance system for PSX from Shenzhen Stock Exchange (SZSE), China.

In a press briefing, held on November 29, 2019, he said there is potential to attract Chinese investors’ interest in the Pakistani Capital Markets and Bonds because of attractive valuations compared to the regional markets.

He highlighted there are some capital control restrictions by the Chinese government regarding foreign investment which may be taken up by both countries at an appropriate forum in future.

The chairman clarified that as such any interest indicated was just for the futuristic perspective and should not be interpreted as an investment commitment at this point in time.

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