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International relations

China's Belt and Road builds trail of stakes in Asian bourses

Shanghai-Shenzhen group beats Indian bid for share of Bangladesh's main exchange

The Shanghai and Shenzhen stock exchanges teamed to buy a 25% stake in Bangladesh's main bourse. They also will provide $37 million in technical support. (Photo by A.Z.M. Anas)

DHAKA/NEW DELHI -- China's expanding Belt and Road Initiative added its latest investment into a foreign stock exchange Monday as a consortium of the Shanghai and Shenzhen bourses snapped up one-quarter of the shares in Bangladesh's Dhaka Stock Exchange.

President Xi Jinping's signature foreign policy venture, known for forging global trade links through building infrastructure such as roads and ports, has extended into finance, as Chinese bourses led by the Shanghai Stock Exchange began establishing footholds around Asia last year.

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