{"id":31117,"date":"2018-10-27T12:11:32","date_gmt":"2018-10-27T06:41:32","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31117"},"modified":"2018-10-27T12:11:32","modified_gmt":"2018-10-27T06:41:32","slug":"china-outbids-india-for-stake-in-dse","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/china-outbids-india-for-stake-in-dse\/","title":{"rendered":"China outbids India for stake in DSE"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/china-outbids-india-for-stake-in-dse\/article22809565.ece\"><b>China outbids India for stake in DSE<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Bangladesh has agreed to sell a large stake in its stock exchange to a Chinese consortium<\/span><\/p>\n<p><b>What has happened?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Dhaka Stock Exchange on February 10th had approved the Chinese offer to buy a quarter of the bourse\u2019s 1.8 billion shares<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bangladesh\u2019s financial regulator has asked it to \u201cfurther scrutinise\u201d the decision.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India\u2019s NSE had offered 15 taka ($0.18) per share during the tender process this month.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">China\u2019s Shanghai and Shenzhen stock exchanges made a joint higher bid of 22 taka per share, or $122 million, and offered additional technical support worth nearly $37 million.<\/span><\/li>\n<\/ul>\n<p><b>The China Factor in Indo-Bangladesh ties<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The intervention by the Bangladesh Securities and Exchange Commission in the sale sparked allegations in local media that it was trying to favour India.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The competing bids have exposed tensions in Bangladesh as it juggles growing interest from China against long-standing ties with its huge neighbour India.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In recent years, India has made big investments in Bangladesh and Indian companies have won multi-billion contracts in key sectors<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">But increasingly it must counter China, which has also courted India\u2019s arch-rival Pakistan and strategic Indian Ocean nations including Sri Lanka and the Maldives.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>China outbids India for stake in DSE Context: Bangladesh has agreed to sell a large stake in its stock exchange to a Chinese consortium What has happened? The Dhaka Stock Exchange on February 10th had approved the Chinese offer to buy a quarter of the bourse\u2019s 1.8 billion shares Bangladesh\u2019s financial regulator has asked it&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/china-outbids-india-for-stake-in-dse\/\">Continue reading <span class=\"screen-reader-text\">China outbids India for stake in DSE<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-31117","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704954222},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=31117"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31117\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}