On November 5th, 2024, Ms. Buth Kerady, CEO of Cambodia Securities Plc., along with Mr. Darren Teng, Managing Director, and Ms. Wang FuYan, Branding Manager, visited the CCCA. Were warmly welcomed by Mr. Lin ShiQiang, President of CCCA and CEO of ICBC Phnom Penh Branch, Mr. Zhao JinHui, Executive Vice President and Secretary-General of the CCCA, and Mr. Bai Xiao Ning, Executive Vice President of the Chamber and General Manager of the Financial Markets Department of Bank of China Phnom Penh Branch. The both sides discussed topics related to Cambodia's financial and capital market.
Mr. Lin ShiQiang, President of the CCCA, said that: "The CCCA currently has nearly 240 companies as member, which includes large Chinese enterprises in Cambodia. And covering a wide range of industries across Cambodia's economy." He expressed his pleasure at the opportunity to engage in discussions on the capital market with the team from Cambodia Securities Plc., he hopes that future cooperation between the two sides will be strengthened, helping more Chinese enterprises in Cambodia to understand the development of the capital market and seize opportunities for corporate listing.
Ms. Buth Kerady, CEO of Cambodia Securities Plc., said that as one of the main promoters of Cambodia's capital market, Cambodia Securities Plc. holds fully securities licenses issued by the Securities and Exchange Regulator of Cambodia (SERC). It is the only fully licensed securities company in Cambodia. In addition to traditional securities services, Cambodia Securities Plc. also offers proprietary investment banking services, providing businesses with "one-stop" solutions to help them better access investment in Cambodia's capital market. Furthermore, the company plans to launch a series of Pre-IPO Funds at the appropriate time to support the rapid growth and development of promising companies, thereby driving the overall economic growth of Cambodia.
Mr. Darren Teng, Managing Director of Cambodia Securities, said that the professional team of Cambodia Securities Plc., has rich experience in the financial markets from Hong Kong, China and Singapore, and is the best choice for enterprises to go public. In addition, he said that Cambodia has started tax reform, which is one of the foundations for the development of the capital market. In addition, Cambodia's per capita GDP is expected to exceed US$2,000 in 2025, and the capital market will develop rapidly by then. He encouraged Cambodian companies to prepare for listing as soon as possible, especially small and medium-sized enterprises.
He emphasized that the Cambodian government encourages companies in Cambodia to actively go public, especially small and medium-sized enterprises, with loose listing conditions and tax incentives. He hopes that Chinese companies will pay more attention to the Cambodian capital market.