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Shanghai Stock Exchange bids for stake in Pakistan bourse

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This is the entrance to the Pakistan Stock Exchange, in Karachi, on Jan. 11, 2016, days after the merger that created the bourse.   © Reuters

NEW DELHI -- The Shanghai Stock Exchange has submitted a letter of intent to buy a stake in the Pakistan Stock Exchange, The Nikkei Asian Review has learned.

The Chinese market operator intends to buy a stake of up to 40% in the PSX.

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