The National Bank of Cambodia has seen its reserves swell by 20% to 30% a year. That’s leading it to invest in US Treasuries but also renminbi bonds and gold.
As frontier countries increasingly target foreign direct investment and offer similar financial incentives, their need to advertise other economic attractions has been highlighted at a conference in Hong Kong.
HK SFC sees expenditure grow; report on regulations' potential impact on ETFs; India's Sebi tackles fund rule breaches, asks for pension reform; and Myanmar's bourse is delayed.
Frontier Investment & Development Partners is less upbeat than its former partner about the outlook for Vietnam and is raising a separate fund of its own.
The Cayman Islands-based investment company has finished fundraising for its Cambodia fund and launched two Sri Lanka funds.
CitiÆs first mandate in Cambodia comes as the National Bank of Cambodia looks to diversify its investments offshore.