Phnom Penh, Cambodia – The Cambodian securities market is playing an increasingly crucial role within the nation’s financial system, actively contributing to and bolstering national economic development. This development is characterized by principles of inclusivity, resilience, innovation, and sustainability, positioning the market as a vital engine for the country’s economic future. Currently, a total of 25 companies are listed on the market, having successfully issued securities and raised approximately $550 million in capital.
The securities sector, whose primary function is to facilitate robust capital mobilization, is integral to Cambodia’s national economic development, directly supporting the Royal Government’s strategic vision for 2050. Speaking at the opening of the Annual Securities Conference 2025, Minister of Economy and Finance, Aun Pornmoniroth, highlighted how the securities market has enabled Cambodia to establish increasingly sophisticated and diverse mechanisms for innovative and sustainable capital and investment mobilization. These mechanisms encompass a range of market segments, including the equity market (comprising both the Main Board and the Growth Board), the bond market, collective investment schemes, the derivatives market, and initiatives involving the piloting of innovative financial technology products and services.
Minister Aun Pornmoniroth, who also serves as the Chairman of the Non-Bank Financial Services Authority, emphasized the significance of these mechanisms. He stated, ‘These crucial mechanisms have emerged as vital financing channels for a wide array of companies and enterprises. They enable businesses to secure the necessary capital for expansion and increased investment, while also supporting the development of critical infrastructure projects and sustainable initiatives. This is achieved through the optimal utilization of available domestic investment capital within the market.’ He further highlighted that these robust mechanisms are also instrumental in attracting substantial foreign direct investment into Cambodia. His remarks were delivered during the opening ceremony of the Annual Securities Conference 2025, held at Sokha Hotel on the morning of October 7.
While Cambodia’s securities market is still relatively nascent in size, its operational framework aligns robustly with international best practices. The Securities and Exchange Regulator of Cambodia (SERC) holds associate membership in the International Organization of Securities Commissions (IOSCO) and is actively pursuing full membership, underscoring its commitment to global standards. Minister Aun Pornmoniroth further noted that the Cambodian securities market’s consistent evolution over the past 15 years is a clear indicator of the nation’s growing economic maturity. It has established itself as a long-term and diversified financial conduit, empowering companies and enterprises to expand their operations and significantly contribute to socio-economic development through innovation, inclusivity, and sustainability. To foster this growth and ensure sound governance, the SERC has, as of the third quarter of 2025, successfully implemented 93 regulations designed to manage, oversee, and further develop the sector, effectively addressing its evolving demands and trends.
In parallel with regulatory advancements, Cambodia proudly hosts 25 companies that have successfully issued and listed their securities on the national market. Sou Socheat, the Director General of the Securities and Exchange Regulator of Cambodia, affirmed that these 25 companies collectively have mobilized approximately $550 million. He further detailed the composition of these issuers: 11 companies have engaged in equity issuance, while the remaining 14 have issued bonds, notably including pioneering green bonds and sustainability bonds.
Director General Sou Socheat expressed national pride, stating, ‘While Cambodia embarked on its securities market journey later than many other nations, and its current size remains modest, our market’s operational practices and developmental trajectory are fully aligned with both regional and global trends.’ He also highlighted that the bonds issued by Cambodian companies carry diverse maturities, ranging from three to fifteen years, offering flexibility for investors.
Elaborating on the market’s performance, Sou Socheat reported that as of the second quarter of 2025, the total market capitalization stood at approximately 11.01 trillion Cambodian Riel, equivalent to about $2.75 billion. This represents 5.73% of the nation’s Gross Domestic Product (GDP). Furthermore, the total share trading volume reached an impressive 231,184,319 shares, with an average daily trading volume of 73,438 shares and an average daily trading value of approximately $130,000. These figures are supported by the issuance of 61,306 investor identification numbers, indicating growing participation.
The derivatives market, launched in 2016, has also shown significant activity. By the second quarter of 2025, it recorded a trading volume of 1.7 million units, with an aggregate trading value of approximately $2 billion.
Looking ahead, Sou Socheat announced that on October 8, the Securities and Exchange Regulator of Cambodia is poised to list another corporate bond, representing a ‘One District One Company’ initiative, with an investment capital of $100 million. This upcoming listing further underscores the growing confidence of investors in the Cambodian securities sector. Director General Sou Socheat expressed strong optimism, projecting that the total capital mobilized within the securities market is set to surpass $700 million by early 2026, signaling continued robust growth.
