Smart move by China to buy 40% ownership of Pak's only bourse: Letter to BS

This could be part of a long-term goal to list Chinese companies in the United States on the bourse

This refers to “How China plans to grow Asia clout by beating India bid in Dhaka” (February 20). A consortium of Chinese companies has already bought out 40 per cent ownership of Pakistan’s only stock exchange based in Karachi. It is likely that this is part of the larger plan of China, the first big price Pakistan will have to pay in return for Chinese investments on the China-Pakistan Economic Corridor. The corridor project is now estimated at around $60 billion. This trading mechanism will offer China’s currency to flow through the stock markets. There is also a proposal to