PHNOM PENH, Aug. 22 (Xinhua) -- The first Capital Market Forum of Cambodia Securities Plc. (CSP) was held here on Thursday, bringing together hundreds of local and international securities experts, investors and businesspeople.
Deputy Prime Minister and Civil Service Minister Hun Many said the forum was an important platform for investors, experts and stakeholders to share their views and experiences on the investment in and development of the securities market in the Southeast Asian country.
"The forum is crucial for participants to explore investment potential in the Cambodia Securities Exchange (CSX)," he said at the event. "This forum will definitely contribute to boosting the CSX's development."
Meanwhile, Many highlighted the kingdom's peace and stability as the prerequisite for investment and socio-economic development.
"Investors can invest in Cambodia with confidence as the country is full of peace, security, and political stability," he said. "Also, our law on investment has provided favorable conditions for business and investment."
CSX's Chief Executive Officer Hong Sok Hour said so far, 23 companies are listed in the CSX, including 11 equity firms and 12 corporate bond firms, collecting a total capital of almost 400 million U.S. dollars.
He said trading volumes at the CSX had increased 14 times from about 20,000 U.S. dollars per day in 2018 to nearly 300,000 dollars per day in 2023.
"We have seen steady growth in new investors, with about 1,000 new trading accounts being opened every month," he said. "I expect that the CSX will continue to move forward step by step to achieve its goal of supporting the private sector in Cambodia."
CSP's Director Heng Oudom said the firm is a key player in the capital market with a full license, assisting companies in executing the listing requirements and connecting with international markets.
"Our team at the CSP has extensive global experiences, especially in places like China's Hong Kong, Singapore ...," he said. "We can help businesses integrate smoothly with international markets and attract foreign investments."
"We believe these resources and experiences will greatly enhance Cambodia's market development and create more opportunities for businesses," he added. ■
