Explained: How China plans to grow Asia clout by beating India bid in Dhaka

Both India and China have been lobbying to push their respective exchanges' bids to acquire a 25% stake in the Dhaka Stock Exchange (DSE), and this has turned into a full-blown diplomatic row

The 25 per cent share sale of Dhaka Stock Exchange (DSE), Bangladesh’s largest stock exchange, has triggered a diplomatic row between India and China, with exchanges from both the countries trying to lobby for their country’s exchanges to buy the stake. 

The Indian government is trying to lobby with the regulator in Bangladesh to push the DSE to accept a bid placed by a consortium led by the National Stock Exchange (NSE), even though a consortium of Chinese stock exchanges offered to pay about 45 per cent more.

A consortium of the Shanghai and Shenzhen Stock Exchange has placed a