The Bohai Commodity Exchange, the Chinese commodity exchange, became the owner of a 49.9% stake in the Ukrainian PFTS Stock Exchange.
The National Securities and Stock Market Commission of Ukraine on March 12 agreed to sell a substantial stake in the PFTS Stock Exchange to Chinese investors Yan Dongsheng and Dai Zhongyun, related with the Chinese exchange BOCE. About it reported on the commission website.
Information on the sale of a 49.9% stake in the Ukrainian PFTS exchange to the Bohai Commodity Exchange (BOCE, Hong Kong, China) appeared in January of this year.
BOCE’s annual turnover is $ 1 trillion. The company was founded in 2009 with the participation of private Chinese investors, several state-owned companies, as well as the municipality of Tianjin. In 2017, the Bohai Commodity Exchange bought the Ukrainian Bank for Reconstruction and Development.
Trading volume on the PFTS Stock Exchange amounted to UAH 77.7 billion for the three quarters of 2019. This is more than a third of the turnover of stock exchanges in Ukraine.