NEW DELHI -- China and India are vying to invest in Bangladesh's stock exchange, a battle that has implications for the two regional powerhouses' rivalry in South Asia.
The Dhaka Stock Exchange plans to sell 25% of its shares. On one side is a consortium of the Shenzhen and Shanghai stock exchanges. Ranged against them is a consortium made up of India's National Stock Exchange, Nasdaq of the U.S. and others. The exchange will select one of the groups as its preferred bidder on Monday, at the earliest, and submit a report to the Bangladeshi Securities and Exchange Commission for approval of the sale.