Wednesday November 27 2019
News Source: Global Exchanges
Focus: Trading Systems and Technology
On 27th November 2019, the Shenzhen Stock Exchange (SZSE) published a notice that, the ‘Signing Ceremony of PSX Trading’ and Surveillance Systems between SZSE and Pakistan Stock Exchange (PSX) was successfully concluded in Shenzhen. It is a practice of the ‘Belt and Road Initiative’ and the ‘China-Pakistan Economic Corridor’ and a breakthrough in the technology cooperation between emerging markets.
SZSE has the capability to provide more secure, more reliable, more economical and more effective technology systems to international markets including Pakistan. Since it became a strategic shareholder of PSX as a core member of the Chinese consortium in January 2017, SZSE has actively promoted the improvement of the technological capability of PSX.
According to the export agreement, SZSE will upgrade PSX’s existing trading system and build a market surveillance system based on the newest generation of trading and surveillance systems independently developed by SZSE and the development realities of the Pakistani capital market.
The new systems will significantly improve the safe operation capability, market operation efficiency and risk control level of PSX and further enhance PSX’s competitiveness and influence in the region, laying a solid foundation for the development and expansion of the Pakistani capital market.
SZSE will continue to follow the arrangements and requirements of China Securities Regulatory Commission (CSRC), drive market cooperation through technology, promote interconnection of financial infrastructure and mutually beneficial integration of markets along the Belt and Road and provide long-term, stable, sustainable financial innovation services for these markets.
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