The first Chinese-funded company has landed in the Pakistani capital market.

On June 15th, the Pakistan Stock Exchange, with a Chinese consortium including the China Financial Futures Exchange as its largest shareholder, welcomed its first Chinese-backed company to be listed. The company is Service Long March Tyres (Private) Limited, a joint venture between China's Chaoyang Long March Tyre and Pakistan's Servis Group. Before listing, the Chinese side held approximately 43% of the shares, making it the largest manufacturer of all-steel radial tires in Pakistan. This IPO set multiple records in the Pakistani capital market. With a fundraising scale of 7.77 billion rupees, it is the largest IPO of a private enterprise in Pakistan; during the book building phase, it attracted subscriptions totaling 69.4 billion rupees, oversubscribed by 16.7 times, with full subscriptions completed in 5 seconds, setting records for the highest subscription amount and fastest subscription in the Pakistan Stock Exchange.