SECP, PSX eye closer links with Chinese capital market

July 19, 2024 (MLN): The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) are exploring ways to strengthen connections between the capital markets of Pakistan and China, and attract greater Chinese investment in the companies listed on the PSX.

In this regard, the top management of the SECP met with the board of directors of PSX to discuss the strategy for the development of the capital market.

Engagement with the stock market regulator, exchanges, and notable market participants in China was seen as the basis for further collaboration and creating deeper linkages between the capital markets of the two countries.

The participants discussed the challenges faced in the capital market and deliberated ways to address them.

The meeting was focused on areas such as enhanced governance, operational compliance, increasing the stock market investor base, and striving for continuous digitalization in the capital market.

The need for coordination among various stakeholders for the development of the market, as well as creating awareness among potential investors, was keenly emphasized during the meeting.

Copyright Mettis Link News