Cambodia’s securities regulator and Chinese conglomerate Ruifeng Tianfu Investment Co Ltd will conduct a feasibility study that may pave the way for the creation of a commodities and futures market in the Southeast Asian country, according to a local news report.
The Securities and Exchange Commission of Cambodia (SECC) and Ruifeng Tianfu have signed a memorandum of understanding for the joint study, the Phnom Penh Post says in a report on June 23.
"It will be a new market independent of the stock market…A futures market is an object of the SECC's aspiration, a new channel for agricultural products to participate in futures trading," Sou Socheat, director-general of the SECC, is quoted as saying in the report.
He says the SECC is in the final stages of drafting regulations for the market but no time frame has been set for the establishment.
Spokespersons for the SECC did not immediately respond to questions from Asia Asset Management.