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Overview

Shanghai Stock Exchange offers to help Cambodia build stock exchange

Commitment Year•2007Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Banking And Financial ServicesFlow Type•Vague TBD

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 1, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

  • Shanghai Stock Exchange

Receiving agencies

Government Agencies

  • Government of Cambodia

Loan desecription

Shanghai Stock Exchange offers to help Cambodia build stock exchange

Narrative

Full Description

Project narrative

In September 2007, Liu Xiaodong, vice general manager of the Shanghai Stock Exchange, announced that it will help the Cambodian government set up a stock exchange if the Chinese Government permits. The Chinese bourse will assist the foreign country in many aspects, such as training talents and providing technology and equipment. The launching ceremony for the Cambodia Securities Exchange (CSX) was held at Canadia Tower on July 11, 2011; however, based on the CSX documented history found in the 'CSX Profile' section of the CSX official website, no agreement was made between Shanghai Stock Exchange and Cambodia in setting up the stock exchange. Instead, the training of human resources for the market worth $1.8 million USD was provided by the Korean government and and the Korea Exchange (KRX), in context of the MOU signed between the Cambodian and South Korean government in 2006.