From February 8 to February 11, 2026, a Cambodian financial delegation led by H.E. Seang Thirith, Deputy Director General of the Securities and Exchange Regulator of Cambodia (“SERC”), and Mr. Teng, Cheng-Yueh, Chairman of Cambodia Securities Plc., conducted an intensive visit to Shanghai. The delegation met with the Shanghai Stock Exchange (“SSE”) and held high-level discussions with leading Chinese securities firms, including Guotai Haitong Securities and Shenwan Hongyuan Securities.
The visit focused on capital market system exchanges, cross-border investment and financing cooperation, dual-listing pathways, bond product innovation, and cross-border trading connectivity. The discussions sent a strong and positive signal regarding China–Cambodia capital market collaboration and marked a new accelerated development phase for Cambodia’s capital market.
As one of the key drivers of Cambodia’s capital market development, Cambodia Securities Plc. participated throughout the visit and proposed pragmatic cooperation initiatives, reaffirming its long-term commitment to market standardization, internationalization, and industrial-capital integration.
Dialogue with the Shanghai Stock Exchange: Institutional Experience and Market Governance Insights
During the meeting with the SSE, both sides engaged in in-depth discussions on listing regulations and information disclosure, corporate governance, investor protection, investor education, market risk management, and regulatory cooperation. The Cambodian delegation noted that the SSE’s mature experience in institutional development and market cultivation provides valuable reference for emerging markets seeking to improve regulatory frameworks, enhance listed company quality, and strengthen market transparency.
Both sides expressed their intention to maintain communication and establish regular exchange mechanisms, laying a foundation of institutional mutual trust for future cooperation.
The Shanghai Stock Exchange stated that it has long followed the development of Cambodia’s capital market and holds strong confidence in its potential as an emerging market. SSE believes Cambodia’s capital market can achieve “leapfrog” development and agreed to establish a normalized communication mechanism to further deepen bilateral financial cooperation between China and Cambodia.
Meetings with Guotai Haitong and Shenwan Hongyuan: From Dialogue to Implementation
During the visit, the delegation held separate meetings with senior management of Guotai Haitong Securities and Shenwan Hongyuan Securities. Discussions covered cross-border investment banking collaboration, listing incubation mechanisms, research and investor education cooperation, and capital matchmaking initiatives.
All parties agreed that the key to cross-border cooperation lies in being “deliverable, replicable, and scalable” — starting with feasible projects, building demonstrative cases, and gradually expanding the scope of collaboration.
Deputy Director General of SERC: Advancing Connectivity Through Institutional Mutual Trust
During the visit, H.E. Seang Thirith emphasized that amid the accelerating overseas expansion of Chinese enterprises and regional integration trends, demand in Southeast Asian markets continues to rise. Cambodia’s capital market remains committed to law-based regulation, investor protection, and market fairness, while continuously improving information disclosure standards, corporate governance, and overall market infrastructure to enhance transparency and international credibility.
He noted that exchanges with the SSE and leading Chinese securities firms help establish closer institutional trust and clearer cooperation pathways. Moving forward, Cambodia will support cooperation in areas including dual listings, investment banking collaboration, bond issuance partnerships, and cross-border trading connectivity (including exploration of broker-delegated trading arrangements), ensuring gradual implementation under strict compliance and risk control frameworks to create replicable and promotable demonstration outcomes.
Cambodia Securities Plc.: Project-Oriented Approach to Deepen Practical Cooperation
Cambodia Securities Plc. emphasized that meaningful cross-border cooperation requires translating consensus into actionable project roadmaps. The company will actively coordinate with leading Chinese securities firms and professional institutions, focusing on corporate needs and advancing Pre-IPO advisory, IPO, SPO, cross-border investment banking services, capital matchmaking, research collaboration, and investor education initiatives.
Subject to compliance and risk management principles, the firm will also progressively explore cross-border trading connectivity arrangements such as broker-delegated trading, enhancing market accessibility and investor interaction between the two countries. The goal is to generate tangible case studies and measurable results.
The company sincerely invites entrepreneurs and representatives of listed companies to engage early with Cambodia Securities Plc., beginning from market entry planning, equity structure design, corporate governance setup, financing arrangements, and listing strategies. By synchronizing industrial deployment with capital planning, enterprises can seize emerging opportunities in Cambodia and Southeast Asia and contribute to building a more open, transparent, and internationally connected Cambodian capital market.
Cambodia’s Capital Market Holds Strong Potential: Early Planning is Key
Mr. Teng, Cheng-Yueh, Chairman of Cambodia Securities Plc., stated that the Shanghai visit clearly demonstrates that while Cambodia’s capital market remains emerging, it is entering a critical window of accelerated growth, with rapid institutional improvements and increasing international integration.
He emphasized that Cambodia Securities Plc. will continue investing in listing incubation and capital market service capabilities, assisting enterprises in establishing standardized governance structures, equity frameworks, disclosure systems, and financial transparency from an early stage. By integrating diversified financing solutions, companies can access capital markets more efficiently and with reduced friction.
He further highlighted that amid the growing wave of Chinese enterprises expanding overseas, Cambodia offers geographic and policy advantages, making it an ideal strategic hub for Southeast Asian expansion. Enterprises that establish regional holding platforms in Cambodia while simultaneously planning their capital market strategies will be better positioned to secure long-term funding and achieve sustainable growth.
The delegation concluded that this visit marks a new starting point for continued engagement with the Shanghai Stock Exchange and leading Chinese securities firms, with a shared commitment to delivering visible, achievable, and replicable cooperation outcomes.
