A Sino-Pakistani joint venture tire manufacturer debuted on the Pakistan Stock Exchange (PSX) on Monday, in a move market participants described as the first listing by a Chinese-invested company on the country's bourse. [Photo provided to chinadaily.com.cn]
The successful listing of a Sino-Pakistani tire manufacturer on Pakistan's stock market may have paved the way for broader capital market cooperation between China and Pakistan, including more fundraising by Chinese-invested enterprises and potential cross-border investment products, a senior Chinese exchange executive said.
You Hang, executive vice-president of the China Financial Futures Exchange and Chinese shareholder director of the Pakistan Stock Exchange, said in an exclusive interview with China Daily that the CFFEX will continue expanding its pipeline of qualified Chinese-invested companies in Pakistan seeking equity and debt financing through local capital markets.
Beyond corporate listings, You said CFFEX and PSX will explore broader product cooperation. Subject to regulatory approval, the two sides may study the feasibility of cross-border exchange-traded fund or ETF products and examine potential operational, regulatory, and technical arrangements for future market connectivity.
