Beijing
Shenzhen Stock Exchange (SZSE) and Pakistan Stock Exchange (PSX) on Tuesday signed an agreement in the Chinese city of Shenzhen for working together to promote trading and surveillance systems.
It was in line with the spirit and prevailing practices of the Belt and Road’s Initiative and China-Pakistan Economic Corridor (CPEC).
According to Gwadar Pro media network, as a breakthrough in technological cooperation between emerging markets, it marks the first instance of Chinese securities technology system going global.
It was a victory won by SZSE in the fierce international competition with global top suppliers. General Manager of Shenzhen Stock Exchange Wang Jianjun, Chairman of Pakistan Stock Exchange Ltd. Sulaiman S. Mehdi, and General Manager of China Financial Futures Exchange Huo Ruirong attended the signing ceremony.
According to the agreement, SZSE, based on its latest independently-developed trading and surveillance system and the actual development of Pakistan’s capital market, will upgrade the existing PSX trading 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 the competitiveness and influence of PSX in the region, and lay a more solid foundation for the development and expansion of Pakistan’s capital market.—INP
