Regulator teams up with HK firm to boost bourse

According to a memorandum of understanding signed on Wednesday, Eastern United will help the local bourse’s regulator build its human capital.

“This cooperation aims to raise awareness among SECC officials as well as attract more interest from local and foreign investors with the help of an experienced team from Hong Kong,” SECC deputy director general Sok Dara told Khmer Times yesterday.

“With their many years of experience in the capital market, they can help us create new products and make the Cambodia Securities Exchange more attractive to investors.”

Kim Sophanita, director of CSX’s market operations department, said the MoU is a sign that SECC is working hard to develop the capital market in Cambodia.

“Capacity building is very crucial for developing the market. We want to have more collaborations like this and we highly appreciate SECC’s efforts bringing in local and international collaborators.

“We hope that every market participant will benefit from this cooperation,” she added.

According to Mr Dara, SECC will also study the possibility of setting up a promotion centre in Hong Kong to raise awareness of CSX abroad.

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