As rivalry expands, Shenzhen Exchange beats Indian bid for Dhaka Exchange

India's main bourse, the National Stock Exchange, bid a lower amount for the Dhaka bourse and also wanted to negotiate additional services in

The push for geopolitical influence in Asia is expanding from hard infrastructure to financial assets, with a Chinese bourse outbidding an India rival for Bangladesh’s main stock exchange.

The Shenzhen Stock Exchange offered more money for a 25 percent stake in the Dhaka Stock Exchange, but also sweetened its bid with nearly $40 million worth of technical assistance, according to documents seen by Bloomberg News. It follows a successful 2016 bid from a Chinese consortium that included the Shenzhen and Shanghai stock exchanges that purchased 40 percent of the Pakistan Stock Exchange.

India’s main bourse, the National Stock Exchange, bid a lower