A Change of Guard

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Friday 23 December 2011

China-invested securities firm opens doors in Cambodia

PHNOM PENH, December 23, 2011 (Xinhua) -- The Golden Fortune (Cambodia) Securities PLC (GFS), a joint-venture between Chinese and Cambodian investors, launched its operations here on Thursday, aiming at tapping the country's emerging financial sector.

The GFS is one of the two securities dealers obtained license from the Securities and Exchange Commission of Cambodia (SECC), according to the firm's Chairman Zhang Yun Feng.

"We see the potential in the upcoming Cambodian Securities Exchange (CSX) and we are committed to participating in the development of Cambodia securities market from the beginning," he said at the launch, adding that the firm has put the initial investment of 10 million U.S. dollars.

Zhang said the firm has more than 10 years of skilled and experienced managements from overseas in particular skilled staff who has experience in developing securities market in China.

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