After the involvement of Chinese consortium, comprising Shenzhen and Shanghai stock exchange, efforts are underway to develop Dhaka Stock Exchange as a professional entity.
Relevant people say, Dhaka Stock Exchange will transform totally after June, 2019, becoming a world class share market.
Two initiatives have been taken in this regard. Reportedly, the Chinese firms will support Dhaka Stock Exchange with technological support and training.
Former president and current director of Dhaka Stock Exchange, Md. Rakibur Rahman, told Bangla Tribune: “due to the help from China, we will get a world class share market and an international standard stock exchange.”
As a result, renowned Chinese companies will be listed in our share markets, he observed and added: “following China, other companies will also feel interested to invest in Bangladesh share markets.”
It’s found that Dhaka Stock Exchange will soon take an initiative to include facilities for investors within an automatic framework.
To trigger technological advance in transaction and market development, the Chinese Consortium will give support worth $ 3 crore 70 lakh.
The Chinese consortium will also assist in creating a market for small and medium industries.
With the condition of demutualization, 25 per cent shares of DSE have been sold to Chinese Consortium while the consortium submitted Tk. 962 crore to the DSE bank account on 3 September last.
Of this, Tk. 900 crore may be invested in the share market. Former caretaker government adviser, Dr. A B Mirza Azizul Islam, told Bangla Tribune: “involvement of the Chinese consortium will give three benefits: manipulation of the share market will fall because as an active partner, they will try to keep the market transparent, their involvement will attract more foreign institutions, increasing overseas investment and those related to the share market will get international training, which will help the market become globally competitive.”
Capital market specialist and economist, Professor Abu Ahmed told Bangla Tribune: “with the entry of the Chinese, corporate governance of the market will improve.”