BEIJING – Pakistan Stock Exchange (PSX) and Shenzhen Stock Exchange (SZSE)on Tuesday signed an agreement to upgrade trading and surveillance systemsat a ceremony held in Shenzhen, a major city in the Chinese province ofGuangdong.
General Manager of Shenzhen Stock Exchange Wang Jianjun, Chairman ofPakistan Stock Exchange Ltd. Sulaiman S. Mehdi, and General Manager ofChina Financial Futures Exchange Huo Ruirong attended the signing ceremony,according to China Economic Net (CEN).
It is an exciting practice in respect of the Belt and Road Initiative andChina-Pakistan Economic Corridor (CPEC).
As a breakthrough in technological cooperation between emerging markets, itmarks the first instance of Chinese securities technology system goingglobal, a victory won by SZSE in the fierce international competition withglobal top suppliers.
Read Top Stories
According to the agreement, SZSE, based on its latestindependently-developed trading and surveillance system and the actualdevelopment of Pakistan’s capital market will upgrade the existing PSXtrading system and build a market surveillance system for PSX.
The new system will significantly improve PSX’s safe operation capacity,market operation efficiency, and risk control, further enhance thecompetitiveness and influence of PSX in the region, and lay a more solidfoundation for the development and expansion of Pakistan’s capital market.
