BSEC takes initiative to brand stock market internationally

The Bangladesh Securities and Exchange Commission (BSEC) has decided to expand the scope of the country’s stock market in the international arena. Therefore, it has been decided to brand the current situation of the country’s capital market and development activities in the international arena. The BSEC has decided to conduct public relations and branding activities of the BSEC through international media organization. The commission thinks that foreign investors as well as expatriate Bangladeshis will be attracted to invest in the country’s stock market.

BSEC is looking for international media organizations to conduct public relations and branding activities. The BSEC has already discussed the issue several times. For this purpose, the Commission has taken a decision in principle to purchase services from an established international media organization.

According to Stock market stakeholders, in case of branding the country’s stock market situation, overall development, economic situation, law and order situation and benefits for the business community should be highlighted in the international arena. In addition, road shows are one of the means of branding the stock market. There have already been road shows in Dubai. There has been big branding of the country’s stock market. More road shows will be have conducted in future. However, by formulating a proper action plan, necessary steps have to be taken accordingly. This will attract expatriates and foreign investors to the stock market.

BSEC Commissioner Prof. Sheikh Shamsuddin Ahmed told risingbd that they want to make the stock market globally accessible.

He said, “As we have seen, many foreigners are indirectly investing in the country’s stock market. We want to bring their investment in a more organized form. That is why we have decided to brand the stock market to make them interested with some facilities. Hopefully, foreign investors will be interested in investing in the stock market of Bangladesh. That will further contribute to our financing and industrialization.”

He added, “As all investors know the New York and London stock exchanges, we want the world to know Bangladesh’s stock market in the same way.”

He said, “Even if we are not as big as them, we want to proceed like us. If all goes well, our stock exchange will one day be established globally.”