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The Securities and Change Regulator of Cambodia (SERC) and the Lao Securities Fee Workplace (LSCO) signed a Memorandum of Understanding (MoU) final week to reinforce cooperation in creating their respective capital markets.
In response to Phnom Penh Put up, the MoU signifies a major step in the direction of the expansion of the securities market in Laos and Cambodia, which continues to be nascent in comparison with different nations within the area. Ms. Fongchinada Sengsourivong, Secretary-Basic of the LSCO, highlighted their function in creating the securities market in Laos by issuing insurance policies, legal guidelines, and rules that align with finest worldwide practices.
The collaboration with SERC will present mutual progress alternatives by way of info sharing and technical help.
SERC’s Director-Basic, Mr. Sou Socheat, expressed that the partnership would strengthen cooperation in capability constructing and data trade between the 2 nations.
He emphasised the long-term advantages of the collaboration, fostering belief and solidarity between the regulators as SERC has been actively concerned with regional frameworks such because the Mekong-capital market and the ASEAN-capital market discussion board.
Following the MoU signing, the LSCO and SERC held their first bilateral assembly and signed the primary Minute of Assembly (MoM). Within the assembly, the 2 events agreed on a cooperation plan for 2023. This plan contains organizing a seminar to share experiences in regulating and fixing issues in securities actions, encouraging investments within the capital market, and selling cooperation and integration between each nations.
To implement the bilateral cooperation plan for 2023, a seminar was additionally organized to share the teachings realized from the introduction of the Inexperienced Bond within the Cambodian securities market.
This seminar lined numerous facets such because the preparation course of, insurance policies, rules, challenges confronted, and future implementation plans.
Moreover, the delegation from the LSCO additionally had the chance to go to the Cambodian Inventory Change, SBI Royal Securities Firm, and a profitable listed firm referred to as Golden Tree Co., Ltd, to look at and perceive the profitable case of a company bond issuance at a inventory market.
Mr. Sou Socheat knowledgeable that Cambodia’s securities market has skilled vital development over the previous decade, with 20 listed corporations on the Cambodia Securities Change (CSX) and 11 of them issuing shares. Amongst these, Golden Tree Co Ltd made historical past by issuing the primary Inexperienced Bond in keeping with the ASEAN Inexperienced Bond Commonplace.
Furthermore, three corporations are at present within the technique of issuing sustainable and inexperienced bonds, showcasing the market’s dedication to environmentally-friendly investments. A number of extra corporations are anticipated to listing on CSX by year-end, with over 100 corporations already accredited for market operations.
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