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China-Cambodia cross-border capital services platform launched

Xinhua, April 24, 2017 Adjust font size:

The Shenzhen Stock Exchange (SZSE)'s wholly owned subsidiary Shenzhen Securities Information Co., Ltd and the Bank of China Phnom Penh Branch jointly launched the China-Cambodia cross-border capital services platform and held its first road show event here on Monday.

Cambodian Deputy Prime Minister Yim Chhay Ly and Chinese Ambassador to Cambodia Xiong Bo presided over the launching ceremony.

The platform is aimed "to facilitate the match-making of cross-border investment and financing projects and to promote cross-border capital formation," the press release said.

It added that the Shenzhen Securities Information Co., Ltd and the Bank of China Phnom Penh Branch would make efforts to connect the Chinese capital and Cambodian projects and to diversify cross-border financial service models through information display, road show events, interactive communication and public relation training.

According to the statement, the first road show hosted four Cambodian companies from traditional industries and innovative sectors, covering infrastructure construction, industrial park development, culture and tourism, and Internet new media.

It added that around 100 Cambodian enterprise representatives attended the road show, while 30 professional investment institutions conducted interactive exchanges with the main venue at Shenzhen sub-venue through video connection.

SZSE's chairman Wu Lijun said the China-Cambodia cross-border capital services platform is based on "Science & Technology SMEs Growth Roadmap Plan 2.0" (Tech 2.0 Platform), co-sponsored by the Torch High Technology Industry Development Center and Ministry of Science and Technology of China, and operated by Shenzhen Securities Information Co., Ltd.

He said through video broadcasting systems on computers and mobile phone, the "Tech 2.0 Platform" organizes face-to-face road shows and provides live webcast solutions to match innovative projects with prospective investors beyond boundaries of time and location.

He added that the "Tech 2.0 Platform" has gathered around 4,000 certified professional investment institutions and over 2,000 quality tech projects nationwide with road shows performed on a daily basis.

"With economic, efficient, and transparent investment information sharing features, the platform helps to form an investment and financing eco-system of the private innovative tech companies," he said.

Sou Socheat, director general of the Securities and Exchange Commission of Cambodia, said that the platform was a new achievement born from the close relations between Cambodia and China under the Belt and Road Initiative.

"SZSE's debut in Cambodia truly reflects its confidence in the Cambodian stock market," he said at the launching ceremony. "Through the event today, I'd like to encourage more cooperation between the Cambodia Securities Exchange and the SZSE." Endit