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Shenzhen Kingdom keen to provide tech help for Bangladeshi capital market

  • Published at 09:50 pm November 11th, 2019
Shenzhen Kingdom SCI-Tech Company Limited
Logo of Shenzhen Kingdom SCI-Tech Company Limited Collected

Minbo said these while talking to a group of Bangladeshi reporters visiting China to attend a conference titled 'The New Future 2019’ organized by the company at Shenzhen city on November 8

Shenzhen Kingdom SCI-Tech Company Limited, a Chinese firm, has expressed its keen interest to launch a joint venture in Bangladesh to provide technological supports for the country's financial institutions, especially the capital markets. 

"We will launch the joint venture in Bangladesh,”said Xu Minbo, founder and executive president of the company. 

The joint venture, he hoped, would bring a significant development in the country’s financial sector through its innovative technological services.

Minbo said these while talking to a group of Bangladeshi reporters visiting China to attend a conference titled 'The New Future 2019’ organized by the company at Shenzhen city on November 8.

Shenzhen Kingdom Chairman Zhao Jian, Representatives of China Academy of Information and Communications Technology He Muyang, Shenzhen Stock Exchange representative Chen Mingzhon, representative of Huawei Lu Guang and Delegates from about 1,000 Chinese brokerage houses and 70 Bangladeshi investors attended the seminar.

The SCI-Tech company delivers integrated online and off line customer service solutions with business innovations.

Almost 50% orders of Shenzhen Stock Exchange and Shanghai Stock Exchange were executed using Kingdom technology, Minbo informed.

The company mainly focused on financial sector including banks, payments with high security solutions, he added.

Besides, the company is engaged in software and system integration businesses. It operates businesses through development of financial security software; system integration for industries such as government, financial, corporate and education, among others, as well as information technology devices distribution. 

Dhaka Stock Exchange Chairman Abul Hashem said at the program that the conference would help to bridge the gap between participants in stock market of both the countries through sharing of technological innovations.

‘Digital Bangladesh’, a part of Bangladesh government’s Vision 2021, envisioned nation-wide IT usage for economic and social development purposes, he said.

"We along with SZSE and SSE have taken up several business development and technology collaboration plans to meet the growing needs of our economy and establishing Dhaka Stock Exchange as a leading regional Exchange,’ he said.

Asian Tiger Capital Partners Chairman Ifty Islam said that financial technology could be a prime solution to reaching more investors with variety of products at cheap prices and getting upmost returns.

DSE director Minhaz Mannan Emon said: "We failed to cope with the pace of technological innovations, which left us behind."

He said that they could minimize the gap and reach a huge number of customers through proper technological measurements.