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Cambodian bourse signs deals with Vietnamese, Laotian stock markets

Xinhua, February 29, 2016 Adjust font size:

Cambodia Securities Exchange (CSX) has reached Memorandums of Understanding (MoUs) with Vietnamese and Laotian stock markets, aimed to open ways for better channels of communication between them, said a CSX's statement on Monday.

The deals were inked in Phnom Penh on Friday by the respective CEOs of the CSX, the Hanoi Stock Exchange (HNX) and the Lao Securities Exchange (LSX).

"The MoUs signify that the three exchanges share common willingness and mutual understanding to open ways for better channels of communication between them and to foster a continuing relationship for the benefits of the respective capital markets, and to make their friendship closer and stronger," the statement said.

The MoUs outline several areas of cooperation, including the sharing of market data, information, knowledge and experience with regard to the development of respective securities markets, public awareness activities and investor education programs, it said.

The MoUs are the CSX's second and third deals, following the first one with the Stock Exchange of Thailand (SET) signed in 2014.

"This sub-regional cooperation not only constitutes a good starting point on a long way of ASEAN capital market development and integration, but also enhances visibility of the Cambodia securities market to regional and international investors looking for opportunities of investment across the region," the statement said.

The Cambodian bourse launched trading securities in 2012. So far, three enterprises have listed on it. Endit