In December of 2016, China Financial Futures Exchange (CFFEX), together with Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), Pak China Investment Company Limited and Habib Bank Limited, as a consortium, won the bid to purchase 40% of the stake in Pakistan Stock Exchange. CFFEX and the other two exchanges together will hold 30% of Pakistan Stock Exchange’s shares.
Pakistan Stock Exchange is the only national stock exchange in Pakistan formed by consolidation of Karachi, Islamabad and Lahore stock exchanges. Pakistan Stock Exchange offers trading in stocks, bonds and derivatives Products.
The investment is conducive to broadening of the economic and financial cooperation between China and Pakistan and facilitates the implementation of the Belt and Road Initiative and China-Pakistan Economic Corridor Project. The investment puts new contents in the traditional friendship between China and Pakistan. Under the premise of controllable risks, the Consortium will implement the follow-up of equity acquisition in line with the principle of equality, cooperation, mutual benefit and win-win.