Ruifeng Tianfu Investment, a Chinaese based company is venturing into a feasibility study on the establishment of a commodity future trading in tandem with the Cambodian Securities and Exchange Commission of Cambodia) SECC.
The proposal has already kicked off with serious consultations between SECC and Ruifeng Tianfu Investments from China.
Under an MOU, the joint feasibility study will focus on two classes of products: commodities linked to financial products (e.g. gold) for the initial phase; and those that are not (e.g. agricultural products) for a later phase.
“A futures market is an object of the SECC’s aspiration, a new channel for agricultural products to participate in futures trading,” said SECC director-general Sou Socheat. “This is where Ruifeng Tianfu Investment comes in – such a large company with sound financial status and ample experience is essential.”
“We have support from the Chinese leader to invest in Cambodia in a commodities and futures market,” said Ruifeng Tianfu Investment general manager Chen Xi, citing the Belt and Road Initiative. Extracted from Regulation Asia which first published this news.