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Capital Markets

Philippine Stock Exchange in talks with Shenzhen bourse on investment

PSE aims to raise capital, expand investor reach, in line with warming relations with China under Duterte

Traders work on the trading floor of the Philippine Stock Exchange.   © Reuters

MANILA -- The Philippine Stock Exchange is in talks with its counterpart in Shenzhen in China over a potential investment, as one of Southeast Asia's smallest bourses moves to raise capital and expand its investor base.

Discussions are still "very preliminary," PSE President and CEO Ramon Monzon told reporters on Monday after revealing the talks during his speech at the annual meeting of the Shareholders' Association of the Philippines.

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