The capital raised in the Cambodia Securities Exchange (CSX) is expected to reach $700 million by the end of 2025, with ACLEDA Bank set to list an additional $100 million worth of bonds tomorrow.
Sou Socheat, Delegate of the Royal Government in charge as director-general of the Securities and Exchange Regulator of Cambodia (SERC), announced the listing during the Annual Securities Conference 2025, held today, October 7.
Themed “The Evolving of Cambodia Securities Sector: Sustainability, Innovation, Inclusion and Resilience”, the event was attended by Minister of Economy and Finance Aun Pornmoniroth, who also serves as chair of the Non-bank Financial Services Authority (FSA), along with senior ministry and institution leaders, representatives from the Asian Development Bank (ADB) and other relevant stakeholders.
Socheat explained that the event was the first national-level securities conference organised by SERC, following more than 15 years of development in the sector.
To date, 25 companies have listed on the CSX, raising approximately $550 million.
According to Socheat, of the 25 listed companies 11 issued equity securities, and 14 have issued debt securities, including green or sustainability bonds.
He added that as of the second quarter of 2025, the market capitalisation of Cambodia’s securities market stood at around 11.01 trillion riel ($2.75 billion), equivalent to 5.73% of Cambodia’s gross domestic product (GDP).
To date, the market has recorded a total of 231,184,319 shares traded, with an average daily trading volume of 73,438 shares and an average daily trading value of about $130,000.
The number of investors with registered trading accounts stands at 61,306.
In addition, by Q2 2025, total trading volume on the bond market reached around 1.7 million units, with an estimated total trading value of $2 billion.
As of the third quarter of 2025, SERC had issued 93 regulations to oversee, monitor and develop the sector in response to its evolving needs and trends, according to SERC.
Socheat acknowledged that despite excellent progress, the scale of activity and total capital in Cambodia’s securities market remains relatively low compared to developed countries.
Pornmoniroth noted that for developing nations, the securities market is not merely a financial tool, but a fundamental platform and catalyst supporting national economic and social growth. It is also a barometer used to measure an economy’s condition and health.
He explained that in Cambodia, the securities market plays a crucial role in the financial system — the “lifeblood” of the economy — contributing to development that is inclusive, resilient, innovative and sustainable.
The sector has been prioritised by the government through the promotion of various bonds, including green bonds, social bonds, sustainability bonds and sustainability-linked bonds, particularly targeting private sector involvement.
“The development of the financial sector is a key driving force of the national economy and a crucial part of the first phase of the Pentagonal Strategy, aimed at promoting resilient and inclusive economic growth, in which the securities sector plays a central role,” said Pornmoniroth.
“The evolution of Cambodia’s securities market clearly reflects the country’s economic maturity, and provides a long-term and diversified financing channel for companies to expand their businesses in support of socio-economic development through innovation, inclusion and sustainability,” he added.
