ADVERTISEMENT
Thursday, July 31, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Business

Pakistan’s Capital Market Delegation Visits China and Signs MoUs

A high-level delegation from Pakistan's capital markets, led by Mr. Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP)

Syed Turab Shah
December 20, 2024
Pakistan’s Capital Market Delegation Visits China and Signs MoUs
Share on FacebookShare on Twitter
Advertisements

Karachi, December 20, 2024 – A high-level delegation from Pakistan’s capital markets, led by Mr. Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP), alongside Dr. Shamshad Akhtar, Chairperson of the Pakistan Stock Exchange (PSX), Mr. Farrukh H. Sabzwari, CEO of PSX, Mr. Muneer Kamal, Chairman of the National Clearing Company of Pakistan Limited (NCCPL), and other senior SECP executives, recently visited China.

During the one-week visit, the delegation engaged with key Chinese financial institutions, including the China Securities Regulatory Commission (CSRC), the China Securities Depository and Clearing Corporation (CSDC), the Securities Association of China (SAC), the Asset Management Association of China (AMAC), the China Financial Futures Exchange (CFFEX), the Shanghai Stock Exchange (SSE), the Shenzhen Stock Exchange (SZSE), the Shanghai Futures Exchange (SHFE), and CITIC Securities Co. Ltd.

Advertisements

The primary goal of the visit was to deepen collaboration between the Pakistani and Chinese capital markets, explore opportunities for cross-border investment products, and enhance market access and investor participation for both Pakistani and Chinese entities.

PSX is pleased to announce that, during the visit, Mr. Farrukh H. Sabzwari, CEO of PSX, signed Memorandums of Understanding (MoUs) with the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) and China Financial Futures Exchange (CFFEX). These MoUs mark a significant milestone in strengthening ties and enhancing cooperation between PSX and these leading Chinese exchanges.

The MoUs aim to foster bilateral collaboration for capacity building, promote mutual growth opportunities, and formalize future interactions for the benefit of Pakistan’s capital market. Notably, the MoUs also facilitate collaboration on launching new financial products such as Exchange Traded Funds (ETFs), promoting the listings of Chinese-Pakistani joint venture companies, and organizing joint conferences and events to engage market participants.

Speaking on the occasion, Chairman SECP, Mr. Akif Saeed said, “ I extend my sincere congratulations to the PSX and its Chinese counterparts, the SSE, SZSE, CFFEX on signing of these important MOUs. These agreements represent a significant step forward in our efforts to foster closer ties with China. The MoUs will lead to capacity building through strengthened bilateral cooperation and will help develop Pakistan’s capital market in line with international best practices, which will ultimately contribute to the long-term development of Pakistan’s economy.”

Dr. Shamshad Akhtar stated, “I congratulate PSX, SSE, SZSE, and CFFEX on the signing of these MoUs, which reflect the strengthened cooperative relations between the exchanges. This collaboration builds upon the foundation laid in 2016 when 40 percent of PSX shares were divested to a Chinese consortium of anchor investors. These MoUs not only symbolize the deepening of bilateral relations but also underscore the growing strength of financial and economic ties between both countries.”

Mr. Farrukh H. Sabzwari further added, “I extend my congratulations to the leadership and teams of PSX and the three Chinese exchanges for signing these momentous MoUs, which will help promote bilateral partnerships and drive the development of Pakistan’s capital market. These agreements will also enable us to take the next step towards the joint launch of cross-border ETFs.”

Advertisements
Syed Turab Shah

Syed Turab Shah

Related Posts

Honor for Dr.Heeralal Lohano
Headline

Honor for Dr.Heeralal Lohano

July 31, 2025
ICMAP Proposes SBP–MoF Coordination Council to align Economic Policy
Business

ICMAP Proposes SBP–MoF Coordination Council to align Economic Policy

July 31, 2025
Security in Industrial Zones is Top Priority, DIG East Dr. Farrukh Ali
Business

Security in Industrial Zones is Top Priority, DIG East Dr. Farrukh Ali

July 31, 2025
Sindh Spokesperson Meets with Chinese Consul General to Boost Bilateral Ties
Business

Sindh Spokesperson Meets with Chinese Consul General to Boost Bilateral Ties

July 31, 2025
AlFursan Loyalty Program Gains Popularity Among Travelers from Saudi Arabia
Business

AlFursan Loyalty Program Gains Popularity Among Travelers from Saudi Arabia

July 31, 2025
Non Development Government Expenditures Must reduce by 50 percent
ARTICLES

Non Development Government Expenditures Must reduce by 50 percent

July 31, 2025
Pakistan Lifestyle Exhibition held in Washington DC, Virginia, USA
Business

Pakistan Lifestyle Exhibition held in Washington DC, Virginia, USA

July 31, 2025
DGTO Launches Probe into APCAA Irregularities
Business

DGTO Launches Probe into APCAA Irregularities

July 31, 2025
21st HBL P@SHA ICT Awards to Recognize Diverse Capabilities Industry Poised to Drive Exports & Growth for the Nation
BANKING

21st HBL P@SHA ICT Awards to Recognize Diverse Capabilities Industry Poised to Drive Exports & Growth for the Nation

July 31, 2025
New research reveales urgent need for consistency in accounting for carbon-related instruments
Business

New research reveales urgent need for consistency in accounting for carbon-related instruments

July 31, 2025
Next Post
National Finance Olympiad 2024: ICAP Celebrates a Decade of  Financial Excellence

National Finance Olympiad 2024: ICAP Celebrates a Decade of Financial Excellence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

PM Youth Laptop Scheme 2025: HEC Releases Merit List – Check Your Eligibility Online Now!

Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene across 1 million rural households, backed by the UK Government

Mehwish Salman Ali Elected President of CxO Global Forum USA Chapter

Hisaar Foundation at the UN

Yinyleon & her husband most viewed amateurs 2022 on adult site.

Must Read

Karachi: Chief Guest Seema Taher Khan (CEO, TV One) and Guest Of Honour Hareem Malik (Champion Swimmer) headlined the power-packed 33rd LADIESFUND Power Lunch
PAKISTAN

Karachi: Chief Guest Seema Taher Khan (CEO, TV One) and Guest Of Honour Hareem Malik (Champion Swimmer) headlined the power-packed 33rd LADIESFUND Power Lunch

March 6, 2024
North-south Eurasian Corridor
Headline

North-south Eurasian Corridor Cornerstone of a New Global Order

November 6, 2021
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.