Pan Asia Stock Exchange to form

A meeting was held between Chittagong Stock Exchange (CSE) and International Logistics & Finance Association (ILFA) to form Pan Asia Stock Exchange (PASE). CSE Chairman Dr. Abdul Mazid and ILFA Vice President Al Maruf Khan, FCA was present at the view exchange meeting held recently in Dhaka.

dse cseFinancial Affairs Office of Yunnan Government also approved the preparation process of PASE form. A high profile delegation team consists of 10 members will visit Bangladesh in the last week of this month to complete the necessary formalities. The team will arrive in Bangladesh after the visit of Pakistan and Sri Lanka.

The aim of the delegation team’s visit was discussed briefly at the meeting. The delegation is interested to discuss on the financing mechanism of BCIM-EC (Bangladesh, China, India, and Myanmar – Economic Corridor) Silk Road. They have also expressed their interest to discuss on the role of stock exchanges in Bangladesh on financing such project. The meeting also highlighted the future plan of Brokers Dealers Association.

As per the meeting the delegation team will also focus on cross border listing / trading opportunities in CSE and DSE, CSE and DSE role on reform of ILFA and SAFE (South Asia Federation of Exchange) and sustainable relationship building with the regulatory bodies. The delegation team will also meet Bangladesh Bank and Bangladesh Institute of International and Strategic Studies (BIISS).

Mentioning the initiative very vital for the regional economic development, CSE Chairman Dr. Mazid said, “The overall regional economy will be benefited through the steps already taken.”