| With the basic purpose of achieving high economic growth
by facilitating flows of capital, investment and reallocation of capital
based on capital market mechanisms, in November 2006, The Ministry of Economy
and Finance of the Kingdom of Cambodia and Korea Exchange signed a Memorandum
of understanding on “the Development of the Securities Market in Cambodia”.
Based on this Memorandum of Understanding, the Prime Minister, Samdech HUN
Sen hosted an international conference in November 2007 and proclaimed to
launch of the Cambodia Securities Market project.
In 2008, another Memorandum
of understanding on the “Establishment of a Cambodia Securities
Exchange in the Kingdom of Cambodia” was signed by the Ministry
of Economy and Finance of the kingdom of Cambodia and Korea Exchange.
In March 2009, the Royal Government of Cambodia represented by the Ministry
of Economy and Finance (MEF) and Korea Exchange (KRX) has signed a “Joint-Venture
Agreement” to establish a stock Market (“The Cambodia Securities
Exchange Co., Ltd”), as a public enterprise in accordance with the
Law on the General Statutes of Public Enterprises.
The Cambodia Securities Exchange was then incorporated in February 23rd,
2010. In accordance with the Joint-Venture Agreement, the Cambodia Securities
Exchange (CSX) has been capitalized by both parties in which MEF owns
55% of the registered capital and KRX the remaining 45%.
In accordance with the Law on Issuance and Trading of Non-Government
Securities, the CSX had been granted approval to function as market operator,
clearing and settlement facility operator and depository operator.
On July 11, 2011, Cambodia opened its official stock exchange.
Three state-owned enterprises have been instructed by the government to
list their stocks for trading.
- Phnom Penh Water Supply (Energy & Utilities)
- Telecom Cambodia (Communications)
- Sihanoukville Autonomous Port (Commerce)
Member Institutions Licensed for Underwriting
The following brokerage firms hold membership to the CSX and are authorized
to perform securities underwriting:
- Phnom Penh Securities Firm Plc.
- OSK Indochina Securities Limited
- Cambodia - Vietnam Securities Plc.
- Cana Securities Ltd.
- Campu Securities Plc.
- Tong Yang Securities (Cambodia) Plc.
- SBI Royal Securities Plc