, Columnist
Shanghai Exchange Goes Minnow Hunting
Buying a stake in the Pakistan bourse would offer plenty of potential gains.
This article is for subscribers only.
Size isn't everything. Pakistan may be a minnow in equity terms, with one of the smallest stock markets in Asia by capitalization, but it has plenty to offer the biggest.
The Shanghai Stock Exchange, the larger of China's two main equity markets, has submitted a letter of intent to buy up to 40 percent of the Pakistan Stock Exchange, according to The Nikkei Asian Review. The move makes plenty of sense, both for business reasons and for China's overarching strategic and political ambitions.