SECP begins WeChat service

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched WeChat service to help Chinese investors in making informed investment decisions and easily incorporate companies in Pakistan, it said on Tuesday.

SECP is the first-ever regulatory body and public sector organisation to enable that service, the regulator added.

Through WeChat, users can get information from the SECP personnel regarding name availability and company incorporation in Mandarin language.

According to SECP, it has the initiative to build a culture of digitalisation as well as to enhance user experience.

The use of WeChat is already prevalent in jurisdictions including Singapore, Malaysia and it is paving its way into Europe and South America. With China becoming a global financial powerhouse, it is more important than ever to enable communication with Chinese investors as it is one of Pakistan’s top trading partners.

The chat service would enable users exchange messages, documents, images and payments for complete support and solution, SECP stated.