BUSINESS NEWS

Chinese commodity exchange to purchase large stake in Ukrainian stock exchange

The Business Week/UkraineInvest
Saturday, 15 December 2018 18:36

Ukraine’s Antimonopoly Committee has given the green light to China’s Bohai Commodity Exchange (BOCE) to acquire a stake of over twenty-five percent in the share capital of the country’s PFTS Stock Exchange.

The PFTS is one of the oldest Ukrainian stock markets. Trade volumes in 2017 totaled UAH 64.34 billion with a heavy emphasis on government bonds, which accounted for UAH 58 billion of overall trading on the exchange.

The deal comes as Ukraine and China experience a period of strengthening commercial ties fueled by growing agricultural and technical Ukrainian exports to China alongside heightened Chinese interest in Ukraine’s agrarian infrastructure and the country’s potential role as a key transit corridor in Beijing’s efforts to improve trade routes between Europe and Asia. 

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