Cambodia’s market regulator has awarded its first licence to manage collective investment schemes to a unit of Penh-based crowd-funding platform Cambodian Investors Corp, according to a local English language news report.
The company, Cambodian Investors Capital Partners, was one of four that applied to the Securities and Exchange Commission of Cambodia (SECC) for the licence, the Khmer Times says in a report on July 8.
It quotes Lem Chann Samrach, chief executive officer of Cambodian Investors Capital Partners, as saying that the company plans to offer a bond fund and a small and medium enterprise fund.
"Our mission is to mobilise local investors and build a more reliable investment platform where they can participate and benefit as much as possible from the growth of local enterprises," Mr. Lem says.
The SECC introduced Cambodia’s first regulatory framework for the issuing and supervision of collective investment schemes in June 2018.
Spokespersons for the SECC and Cambodian Investors Capital Partners did not immediately respond to questions from Asia Asset Management.