SECP delegation explores capital market collaboration with China

December 17, 2024 (MLN): A high-level delegation led by the Chairman of the Securities and Exchange Commission of Pakistan (SECP), Mr. Akif Saeed, is visiting China to enhance collaboration between the two countries' capital markets, according to a press release issued by the Commission yesterday. 

The delegation is engaging with key Chinese institutions, including the China Securities Regulatory Commission (CSRC), major exchanges such as the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE), and other significant stakeholders.

These exchanges are part of a consortium acting as anchor investors in the PSX.

Discussions are focused on fostering cooperation, introducing cross-border investment opportunities, and enhancing market accessibility for investors in both countries.

Additionally, knowledge-sharing on financial market regulation and capacity-building initiatives is a central theme of the engagements.

The key discussions will focus on fostering collaboration between the Pakistani and Chinese capital markets, identifying opportunities for products facilitating cross-border investments, and enhancing market access and investor participation for both Pakistani and Chinese entities.

Further, the exchange of knowledge and best practices in financial market regulation and development, along with exploring future collaborative initiatives and capacity-building opportunities, will be a significant focus.

This visit signifies a crucial step towards strengthening the economic and financial ties between Pakistan and China.

The discussions can potentially lead to concrete outcomes that will mutually benefit the capital markets of both nations.

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