Bank of China is now in Cambodia. is it true???

Bank of China (BOC) has been given the approval in principle by the National Bank of Cambodia (NBC) to open its branch in Phnom Penh, Thai Saphear, deputy director of the NBC's cabinet and head of the NBC governor's office, said Thursday.

Thai Saphear said that NBC's Governor Chea Chanto told the new Chinese ambassador to Cambodia Pan Guangxue during a meeting on Wednesday that NBC has approved in principle for the Bank of China to open branch in Cambodia.

Moreover, the governor also suggested the ambassador to try to attract more commercial banks from China to invest in Cambodia in order to boost the development of the economy of Cambodia.

It would be the first commercial bank from China in Cambodia.

According to the NBC's rule, after the approval in principle, the bank has six months to fill the requirements of registered capital, location, staff and statutes before getting the operating license.

Currently, Cambodia has 27 commercial banks. Early last month, CIMB of Malaysia and Agribank of Vietnam have been approved in principle to open branch in Cambodia.

The Agribank of Vietnam may open its branch in Cambodia late this month and CIMB would open its branch in Phnom Penh at the end of this year.

Analysts said that new banks would bring Cambodia new capital, new high-technology to develop Cambodia economy; however, there will be tougher competition among the players as there are a lot of banks in the small extent of economy of Cambodia.

Bank of China is the most internationalized commercial bank in China, the bank said on its website. BOC London Branch, the first overseas branch of the Chinese banks, was established in 1929. From then on, the Bank successively opened branches in global financial centers, and has built up its network in 27 countries and regions. Currently, it had over 10,000 domestic operations and over 600 overseas operations, according to the website of BOC.[english.people.com, 2010]

Stock market is +/-? Cambodia!!!

What is stock market? any ideas comes in to your mind yet? If you are interested in financial stuffs, its activities over market today, and especially how you want to gain knowledge about stock market, I hope the below article will sure can help you; though, not 100% details information.

Obviously, stocks and the stock market are important, but you may find that you know very little about them. What is a stock? What is a stock market? Why do we need a stock market? Where does the stock come from to begin with, and why do people want to buy and sell it?

A stock market is a public market for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately. A single figure that sums up the overall performance of the market on a daily basis is the Stock Index. A good Stock Index captures the movement of the well diversified and highly liquid stocks and it is calculated by finding the weighted average of the prices of the most actively traded companies in the market, where the weights are generally in proportion to the market capitalization of the company.
But when and where did it all start?

Stock Exchanges as a centre for trading were established as early as the 16th century. In Antwerp, a major financial hub in Belgium, traders gathered together in 1531 to speculate in shares and commodities. This was the world's first Stock Exchange. London and Paris set up Exchanges sometime near the end of the 17th century. Close to hundred years later, in 1792, the New York Stock Exchange (NYSE) was established, which is still one of the world’s most powerful exchanges today. The reason for establishment was primarily the need for financing businesses and for providing returns for the finances. [Agarwal. N, Goplani. A, et al.]

Personally, i still cannot say whether stock market is a good thing or a bad thing and especially for Cambodia. Toward the additional research studies, it is come to realized that, stock market is unpredictable and no one dares to come up in public and shout that "hey people, i am the master of stock market, and i know exactly whether the stock will grow or fall" see? Hence, i still find myself so confusing whenever i heard people talk about stock market, and i really wonder why they decided to risk that much.
In contrary, stock market is also one factor that help grow company profit and it can raise money by selling shares or whatever; though, it is still risky for either low or middle class people to get themselves to become a stock trader; while, rich people can risk their treasures in playing around with these unpredictable thing "stock market".




Tips: if any of you want to keep yourself updated about stock market information or current stock prices whether NYSE or FTSE, etc... below are a few websites that i have been stick with for months.

1. http://markets.ft.com/markets/overview.asp
2. http://money.cnn.com/data/markets/
3. http://www.reuters.com/finance/markets
4. http://uk.fantasytrader.yahoo.net/ (this address can be use once you are interested in get urself in stock market, real market situation, real win, real lose, but with fake account, fake money. If you win the market, just try to beat the top 10 traders who occurs in the listed. the winner will be those who earn a lot of money from stock market by buying or selling any shares they are holding in hands. "this is called a Fantasy trader".

Remember: if you wanna win, you need to keep your head straightly at all details of current market activity; especially try to find out as much details of the company you are trying to buy their shares before you walk yourself to be a fantasy beggar. so, don't careless... check out company profile, their income statement, history, their market activity, their market shares, market prices, dividend, debts, Current ratio, and other important indexes.


Stock market is not about money, is not about your intelligent but about your personality. personality of yours will lead you to where you meant to be "millionaire or beggar" is for you, yourself to choose. Think wisely,then!