SZSE working to attract more China investors to DSE: officials

Mostafizur Rahman . from Shenzhen, China | Published: 00:00, Nov 08,2019

 
 

A file photo shows the Dhaka Stock Exchange building in the capital. The Shenzhen Stock Exchange has taken several initiatives including launching of a joint index to pull more Chinese investment in the Bangladesh capital market, said its international department director Liu Fuzhong. — New Age photo

The Shenzhen Stock Exchange has taken several initiatives including launching of a joint index to pull more Chinese investment in the Bangladesh capital market, said its international department director Liu Fuzhong.

Liu made the remark while he was talking to reporters after a programme titled ‘The 3rd China-Bangladesh Capital Market Cooperation Seminar’ arranged by the Dhaka Stock Exchange and the SZSE at the SZSE in Shenzhen of China on Wednesday.

Delegates from 40 Chinese brokerage houses and 50 investors participated in the seminar.

Liu said the SZSE had been persuading a number of Chinese investors to invest in the Bangladesh stock market.

It had arranged several programmes including seminars to showcase potentials of the Bangladesh financial market including the stock market.

He also said the new joint index might be launched within the next one and a half months to promote some selective Bangladeshi listed companies.

SZSE president Wang Jianjun said at the programme that the Chinese bourse had been promoting the DSE.

Major breakthroughs include technology upgrading, development of SME market, and cross-border capital matching at the DSE after the SZSE along with another Chinese stock exchange became a DSE strategic partner.

He also said that the SZSE was working hard to develop the Bangladesh capital market.

Wang also said that V-Next was a very important platform for innovation finance.

V-Next platform of the SZSE is a cross-border matchmaking platform for growth finance to bridge global innovation with Chinese capital market, he said.

V-Next Bangladesh window has already been launched.

The SZSE president also said that the DSE and the SZSE had been working to improve IPO processing, SME board and surveillance system.

DSE chairman Abul Hashem said preferential trade benefits and friendly investment policies were offered to countries investing in Bangladesh.

‘We along with the SZSE have taken up several business development and technology collaboration plans to the growing needs of our economy including the DSE.’

DSE director Minhaz Mannan Emon said there was an ample scope for investors for investing in the Bangladesh capital market considering the current capital market to GDP ratio.

Asian Tiger Capital Partners chairman Ifty Islam said that there was lack of correlation between the growth of Bangladesh GDP and its capital market and the issue should be addressed seriously.

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