• Tuesday, Nov 19, 2019
  • Last Update : 01:19 am

Wooing chinese investors: SZSE keen to introduce new index at DSE

  • Published at 10:23 pm November 7th, 2019
web-DSE-File photo of Dhaka Stock Exchange Limited
File photo of Dhaka Stock Exchange Limited Mehedi Hasan/Dhaka Tribune

The DSE and the SZSE jointly organized the seminar on Thursday

The Shenzhen Stock Exchange (SZSE) is keen to introduce a joint index, comprising of good companies, at the Dhaka Stock Exchange (DSE) to attract Chinese portfolio investment in the country’s capital market.

The SZSE has been the strategic partner of DSE since May, 2018.

SZSE International Department Director Liu Fuzhong made the announcement while talking to a group of Bangladeshi journalists at the third China-Bangladesh Capital Market Cooperation Seminar, held in Shenzhen, China. 

The DSE and the SZSE jointly organized the seminar on Thursday.

“We are working on a new joint index, which will be consisted of quality companies. Hopefully, we will be able to launch the index within one and a half months,” said Fuzhong, adding that the index would also promote a group of selected Bangladeshi listed companies. 

He said the SZSE was encouraging a group of Chinese investors to invest in the Bangladesh capital market.

“As a part of our efforts, several seminars have been organized to demonstrate the future potentials of the financial markets of Bangladesh, including the stock market, before the Chinese investors,” he added.    

SZSE President Wang Jianjun said they were promoting Dhaka Stock Exchange to the Chinese investors.

“Technology upgrading, development of SME market, and cross boarder capital matching at DSE are the major breakthroughs since we became the strategic partner of the DSE,” said Jianjun, while adding that the SZSE was working hard for further improvement in the bilateral ties of the two bourses.

Jianjun said that V-Next platform of SZSE was a very important platform for innovative finance.

He said that V-Next was a cross boarder matchmaking platform for growth finance to bridge Chinese capital market with global innovation, saying that  the V-Next Bangladesh window was already launched.

In addition, the DSE and SZSE had been working on improving the IPO procedures, SME Board, and surveillance system, said Jianjun.

“Preferential trade benefits and friendly investment policies are offered to the foreign investors for investing in the country’s stock market,” said DSE Chairperson Abul Hashem at the Shenzhen seminar.

“We (DSE and SZSE) have taken up several business development and technology collaboration plans to meet the growing needs of our economy,” he further said. 

Minhaz Mannan Emon, one of the directors at the DSE, stated that there were  significant opportunities for foreign investors to invest in the Bangladesh capital market.