Logo of Phnom Penh Post newspaper Phnom Penh Post - SERC enlists FASMEC in securities training

SERC enlists FASMEC in securities training

Content image - Phnom Penh Post
A man watches a trading screen at the Cambodia Securities Exchange (CSX). Hean Rangsey

SERC enlists FASMEC in securities training

The Securities and Exchange Regulator of Cambodia (SERC) is set to work with the Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) to raise awareness of the securities market and its mechanics.

The regulator hopes the partnership will encourage more small- and medium-sized enterprises (SME) to turn to the Cambodia Securities Exchange (CSX) to raise capital by trading stocks and bonds.

Training offered under the alliance aims to provide participants with extensive knowledge into the inner workings of the Cambodian securities market system and investor protections, and prepare them to be able to trade securities with an understanding of the different methods.

CSX CEO Hong Sok Hour told The Post on March 23 that it’s the SERC’s job to educate the public on the potential of the securities business, to capitalise on “this influential market”.

Acknowledging that a fair share of Cambodians are still rather unfamiliar with the concepts of stocks or the securities market, Sok Hour said the SERC took the initiative to educate business owners, especially of SMEs, and use other channels to spread the word about the nascent sector.

He billed securities as a modern mode of investment for businesses where – should their market picks perform well – additional capital can be raised to make expansion processes quicker.

Sok Hour argued that if the Kingdom’s “tens of thousands” of SMEs were to gain a solid grasp of the market and choose to invest, not only would their businesses grow, but the additional capital flows would generate a boom in the economy and “everything in our country would be more prosperous than before”.

FASMEC president Te Taingpor told The Post on March 23 that the first step after the training would be for SMEs to open a trading account with one of the securities firms that are members of the CSX.

The initial registration costs 20,000 riel ($4.94) for individuals and 50,000 riel for companies, he said, adding that the SME trade body was looking to get 100 members to open trading accounts as a first step.

Barely able to contain his enthusiasm, Taingpor proclaimed that soon thousands of FASMEC members from all domains would be comfortably trading securities on the CSX due to the account. “We have many members across the country who are doing business in services, industry, agriculture and trade,” he said.

MOST VIEWED

  • Research key to Kanitha’s rep for expertise

    Sok Kanitha is used to weighing in on controversial issues using a confident approach that signals expertise and authority, and a recent video she made was no exception. Her “Episode 342: The History of NATO” video went live on January 16, 2023 and immediately shot to 30,000 likes and 3,500

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Knockout! Kun Khmer replaces ‘Muay’ for Phnom Penh Games

    Cambodia has decided to officially remove the word Muay from the programme of the 32nd Southeast Asian (SEA) Games 2023 in May. “Kun Khmer” will instead be used to represent the Southeast Asian sport of kickboxing, in accordance with the wishes of the Cambodian people. Vath

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and