Cambodia plans first stock exchange

Cambodia reportedly plans to open its first stock exchange and start a corporate bond market in the fourth quarter of next year in a bid to attract foreign funds.

Head of the Ministry of Economy and Finance's financial market division, Kao Thach, says 6 to 10 companies, with a combined market value of up to $US400 million, will likely be listed on the exchange within a year of it being set up.

The listing requirements in Cambodia will likely be modeled on the Kosdaq - South Korea's second stock market that was set up 12 years ago for small- and medium-sized firms as well as venture start-ups.