Chinese delegation visits Pakistan Stock Exchange

Published: September 1, 2018
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The PSX offered to identify various potential corporates and sectors on an ongoing basis to the visiting potential investors for their interest and also to facilitate them to explore and initiate business. PHOTO: FILE

The PSX offered to identify various potential corporates and sectors on an ongoing basis to the visiting potential investors for their interest and also to facilitate them to explore and initiate business. PHOTO: FILE

KARACHI: Pakistan continues to remain on the radar of the international community as new Chinese investors visited the industrial hub on Friday to explore business opportunities in diverse fields of the economy.

For the purpose, they held meetings with the mainstream corporate sector and also visited the Pakistan Stock Exchange (PSX), according to a statement issued by the bourse.

“A Chinese delegation representing a Beijing investment group in association with AKD Securities and He Nan Lv Rui Jin Niu Energy Private Limited visited the PSX this morning,” said the statement.

The topics under discussion revolved around listed companies being a good choice for investment, which can be taken as a starting point for business opportunity; along with these, budding businesses and potential initial public offerings (IPOs) are also seen as a lucrative area.

“The team showed interest in the companies poised for listing in various sectors including but not limited to the oil and gas sector, hospitality industry, real estate, and healthcare industry,” the PSX said.

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Discussion also centered around investments, scalability and development of the private-sector companies in agriculture, water and tourism sectors. “The delegates mentioned that they are looking across various sectors like the agriculture industry which has a huge potential for growth – soybean and sugar present good business prospects,” it added.

The discussion also focused on the private sector searching to collaborate and enter into business partnerships and alliances to enhance bilateral investment, trade, development and growth especially in the business-to-business sector.

The PSX offered to identify various potential corporates and sectors on an ongoing basis to the visiting potential investors for their interest and also to facilitate them to explore and initiate business.

In line with the tradition of PSX, delegates rang the opening bell and announced beginning of  trading for the day.

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The delegation was briefed as to how and why various Chinese firms have started investing in Pakistan while others have acquired flourishing businesses. The meeting participants included PSX Chairman Sulaiman Mehdi, MD Richard Morin, DMD You Hang, Beijing Investment Group Chairman Feng Qiuyan, CEO Hang Zhang, Assistant to Chairman Peng Li and AKD Securities CEO Farid Alam.

Published in The Express Tribune, September 1st, 2018.

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Reader Comments (1)

  • Saad
    Sep 1, 2018 - 12:03PM

    Chinese have very little experience in running stock markets. Their own market is like a casino. Pakistan has more experience than the Chinese in running a proper stock market.Recommend

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