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On November 26, 2021, the Shanghai Stock Exchange (SSE) and the Cambodia Securities Exchange (CSX) entered into a Memorandum of Understanding (MoU). Mr. CAI Jianchun, President of the Shanghai Stock Exchange, and Mr. HONG Sokhour, CEO of the Cambodia Securities Exchange, signed the MoU via mail on behalf of the two exchanges. Both parties agree to explore cooperation in the field of information sharing, joint research, personnel exchanges and product development.
China and Cambodia have a long-standing friendship. Cambodia is an important cooperative partner of China in the ASEAN region and one of the first countries to echo and actively participate in the Belt and Road Initiative. In June 2019, the China Securities Regulatory Commission (CSRC) and the Securities and Exchange Regulator of Cambodia (SERC) entered into the Memorandum of Understanding on Cooperation in Securities and Futures Supervision. In October 2019, the CEO of CSX attended the “2019 International Workshop for Stock Exchanges” hosted by the Shanghai International Centre for Communication and Cooperation between Exchanges. The leaders of the two exchanges discussed about exploring opportunities for cooperation. The signing of the MoU lays a solid foundation for the cooperation between capital markets in China and Cambodia.
The CSX is the only regulated stock exchange in Cambodia. Incorporated in 2010, CSX offers trading for both stocks and bonds. The stock market includes a Main Board and Growth Board. The CSX has established a flexible transfer mechanism whereby any listed company can move from the Growth Board to the Main Board after submitting an application to the CSX and meeting the requirements of the Main Board. The CSX Index is the flagship index of the market.
Till today, the Shanghai Stock Exchange has signed 66 memorandums of understanding with 55 overseas institutions. Under the framework of the memorandums, various forms of cooperation such as personnel exchanges, information sharing, joint organization of international forums and promotion activities have been carried out. The SSE will continue to steadily promote the internationalization of the exchange under the leadership of the CSRC and under the general background of high-standard opening-up of the capital market.
