From the 1970s to the 1980s, Cambodia experienced a long civil war and its economic system almost collapsed. With the signing of the peace agreement, the country began to rebuild, and the Cambodian Royal Government gradually established a financial system and promulgated the Securities Law in 2007, laying a legal foundation for the development of the capital market. In 2011, the Cambodia Stock Exchange (CSX) was established, marking a new stage of development for the country's capital market.

In recent years, Cambodia's economy has continued to maintain high-digit growth, and the government has introduced a series of preferential policies and reform measures to provide a strong driving force for the development of the capital market. Cambodian Deputy Prime Minister Hun Manet recently stated that the Cambodian Royal Government is actively implementing the "Pentagonal Strategy" to promote industrial diversification and capital market development, allowing more companies to grow through the capital market and help Cambodia develop into an emerging financial center in Southeast Asia.

At present, there are 23 listed companies in Cambodia, 11 of which have issued stocks and raised more than US$400 million from the securities market. Ms. Buth Kerady believes that compared with neighboring countries such as Vietnam, Thailand, Indonesia, Philippines, and Malaysia, although Cambodia's capital market started late, with the changes in the global economic landscape and industrial transformation and upgrading, the trend of manufacturing shifting to Cambodia is accelerating.

"We have observed that the takeoff of almost every capital market is closely related to GDP per capita. Most capital markets, including Hong Kong, South Korea, and other Southeast Asian countries, have a significant growth in the capital market when the local per capita GDP reaches US$2,000. Cambodia's per capita GDP is expected to reach US$2,000 in 2025, and we are looking forward to the significant growth of the Cambodian capital market next year."

Ms. Buth Kerady is optimistic about the development opportunities in Cambodia's securities and financial markets and digital technology. She pointed out that in recent years, Cambodia has successively introduced a number of new laws and policies to encourage companies to go public, benefiting from the accelerated inflow of foreign capital and strong economic growth. As Cambodia's per capita GDP exceeds the US$2,000 mark, it is expected that there will be more than 100 listed companies in Cambodia in the next five years, ushering in a wave of listing.

“It is foreseeable that Cambodia will usher in a wave of IPOs in the next few years, she which will bring new vitality to the market and provide investors with rich returns." said further that more and more foreign institutions are paying attention to the Cambodian capital market. Cambodia Securities Plc., plans to timely launch Pre-IPO offering to provide opportunities for a wide range of investors to participate in the Cambodian capital market.”

Ms. Buth Kerady believes that China's capital market, especially Hong Kong's, holds significance reference value for Cambodia. She said that as one of the main promoters of Cambodia's capital market, Cambodia Securities Plc., is committed to expanding substantive international business cooperation, actively contacting and assisting more enterprises in listing in Cambodia, promoting the internationalization of Cambodia's capital market to achieve mutual benefit and win-win results.