BEIJING, May 8 (Xinhua) -- Shanghai Stock Exchange and Shenzhen Stock Exchange purchased 25 percent stakes of Dhaka Stock Exchange in Bangladesh, so as to support the construction of Belt and Road and promote the cooperation among the Bangladesh, China, India, and Myanmar Economic Corridor.
China News Service quoted industrial insider as saying that Chinese stock exchanges have stepped up going global, strengthening communication and cooperation with overseas exchanges, and helping to provide better services for Belt and Road construction.
Industrial insider with Chinese Stock Exchanges said that in the next step, the country will promote the pragmatic cooperation with Dhaka Stock Exchange in the fields of transaction technology, market cultivation, and product development, to boost the development of Dhaka Stock Exchange, and the capital markets of the two countries.
In May 2017, the Shanghai Stock Exchange and the Moscow Exchange signed a strategic cooperation agreement; in June 2017, the Shanghai Stock Exchange and the Astana International Financial Center in Kazakhstan signed a cooperation agreement to jointly invest in the construction of Astana international exchange.
Lei Dengxin, director with Finance and Securities Institute of WUST said that the acceleration of going global of China's domestic exchanges has learned from the experience of international developed markets. With the further opening of the Chinese capital market, it is necessary for the domestic exchanges to learn from the experience of the United States and establish a unified market along the Belt and Road to better serve the construction and development of countries along the routes. (Edited by Ma Xin, maxin11@xinhua.org)
A single purchase
