Shanghai Stock Exchange offers to help Cambodia build stock exchange
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Shanghai Stock Exchange [State-owned Company]
Recipient
Cambodia
Sector
Banking and financial services (Code: 240)
Flow type
Vague TBD
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Cambodia [Government Agency]