Creating stock market is a new concept for Cambodia and it is not easy to run stock market smoothly if without accountability and transparency. The initiative process to establish Cambodia stock exchange was conducted after the growth of Cambodian economy and political stability and.
By the way, in order to Cambodia stock market works well, it depends on the number of companies willing to put their capital into the stock market. In addition, providing training about stock market education is important for potential investors. If investors don’t understand how to work, the process of stock market will not run successfully.
In the earlier 2009, the Kingdom of Cambodia had signed an agreement with representatives from South Korea’s stock exchange, the Korea Exchange, Asia’s fourth-largest bourse operator, in order to establish the stock market in 2009 but their plan failed.
Cambodia’s prime minister Hun Sen said during a government meeting with businessmen and investors that the state of Cambodia’s finance industry was in a stable position which is not worrisome because Cambodia has not yet got a stock market. He added that if there is no stock market, there is no problem.
According to the law on The Issuance and Trading of Non-Government Securities (Preah Reach Kram N0 NS/RKM/1007/028, Securities and Exchange Commission of Cambodia (SECC) was established under the Ministry of Finance and Economics, in order to regulates the securities industry in Cambodia to contribute to socio-economic development through capital mobilization from public/ securities investors to meet the demand of financing for investors.
SECC’s missions are:
- Develop and maintain the confidence of public investors in the Kingdom of Cambodia by protecting their lawful rights and ensuring that the offer, issue, purchase and sale of securities are carried out in a fair and orderly manner;
- Promote the effective regulation, efficiency and orderly development of the securities markets;
- Encourage the varieties of saving tools through buying of securities and other financial instruments;
- Encourage foreign investment and participation in the securities markets in the Kingdom of Cambodia; and
- Assist in facilitating the privatization of state-owned enterprises in the Kingdom of Cambodia.
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