In March 2017, a consortium comprising of entities from China and Pakistan acquired a 40 percent stake in Pakistan Stock Exchange. A year later, a Chinese consortium acquired 25 percent stake in Dhaka Stock Exchange.
The deal comes a year after President Xi Jinping urged regulators at a finance conference to cultivate a few top-ranked investment banks to compete with Wall Street firms expanding in China.
The Shanghai Stock Exchange has begun issuing approvals for companies to begin issuing "junk bonds", as Beijing seeks to help cash-starved private Chinese firms find credit.