Pakistan, China to collaborate for innovative financial instruments

Chief Representative of CFFEX in Pakistan Mr You Hang along with PSX director calls on Finance Minister Muhammad Aurangzeb

Pakistan and China have agreed to enhance their collaboration in order to promote innovative financial instruments.

According to a press statement issued by the Finance Division on Thursday, Finance Minister Muhammad Aurangzeb held a meeting with You Hang, the Chief Representative of China Financial Futures Exchange (CFFEX) in Pakistan, and Director of the Pakistan Stock Exchange (PSX).

The meeting focused on enhancing cooperation and exploring new opportunities for strengthening Pakistan’s financial markets and investment landscape.

During the meeting, Finance Minister Aurangzeb and Chief Representative Hang engaged in detailed discussions on various aspects of financial market development, including the potential for collaboration between CFFEX and PSX to promote innovative financial instruments in Pakistan.

Minister Aurangzeb highlighted the government’s commitment to implementing reforms aimed at improving the regulatory framework, enhancing market transparency, and facilitating the development of a vibrant and resilient financial sector in Pakistan.

He also emphasised the role of strategic partnerships with international financial institutions and exchanges, such as CFFEX, in achieving these objectives and advancing the country’s financial market infrastructure.

Chief Representative Hang expressed CFFEX’S keen interest in collaborating with PSX and other stakeholders to explore opportunities for launching new financial products, sharing technical expertise, and promoting cross-border investment between China and Pakistan.

He reaffirmed CFFEX’S commitment to supporting the development of Pakistan’s financial markets and contributing to the country’s economic prosperity.

The PSX director also extended an invitation to the Federal Minister Muhammad Aurangzeb to participate in upcoming financial sector events and visit key financial institutions in Pakistan to have an overview of the financial market dynamics and regulatory environment.