Over the past year and a half, China has purchased strategic stakes in three stock exchanges at key junctures along the Belt and Road as it seeks to solidify its economic, political and financial relationships with their respective countries Bangladesh, Kazakhstan and Pakistan.
It started with the Rs8.96 billion $85.47 million acquisition of a 40% stake in the Pakistan Stock Exchange PSE in January 2017. This was followed by the purchase of a 25.1% stake in Kazakhstan prospective Astana International Exchange AIX for an undisclosed sum six months later.
Most recently, China has acquired a 25% stake in the Dhaka Stock Exchange DSE for BDT9.9 billion...
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