CLSA, China’s largest investment bank keen to enter Pakistan’s banking sector

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ISLAMABAD: One of China’s premier investment banks, Credit Lyonnais Securities Asia (CLSA) is keen to enter the country’s banking sector, as it sees significant investment opportunities in Pakistan.

In a meeting with Federal Minister for Privatization, Daniyal Aziz, CLSA’s Chairman Zhenyi Tang on Tuesday said that China enjoys close relations with Pakistan and especially now due to China-Pakistan Economic Corridor (CPEC), reported an English daily.

He termed Pakistan as a much preferable destination compared to United Kingdom in terms of expansion potential. Mr. Zhenyi added CLSA could provide investors locally with investment opportunities in domestic capital market or Hong Kong.

Aziz felicitated CLSA Chairman for showing such avid interest in Pakistan and informed the delegates about the opportunities available in various sectors of the economy including communication, agriculture, energy, infrastructure, finance, banking etc.

He shared that Pakistan was a fast-growing economy and efforts were afoot to make state-owned enterprises more efficient. Aziz added that over fourteen entities had been considered for privatization and CLSA could find investment opportunities in them.

CLSA is an investment bank focused on institutional brokerage, corporate finance and asset management for corporate and institutional clients around the world.