Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |
Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Cambodian, Chinese Central Banks Grow Closer

  • Posted Nov 23, 2023 14:55 by EAC News
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PHNOM PENH: The National Bank of Cambodia (NBC) signed Memorandums of Understanding with the China’s central bank to enhance confidence, security, efficiency, stability and inclusion in the financial sector.

On November 21, People’s Bank of China Governor Pan Gongsheng and NBC Governor Chea Serey presided over the ceremony in Beijing and signed two memorandums.

The first MOU focuses on cooperation in financial innovation and payment systems to enhance the security and efficiency of cross-border payment transactions between Cambodia and China, and to promote innovation and the adoption of financial services technology.

 The second MOU aims to strengthen the capabilities of the Cambodian banking sector to better serve the increasing bilateral trade, investments and financial flows between China and Cambodia. By innovating financial products and services offered by Cambodian banks to Chinese investors, the MOUs hope to enhance Cambodia's competitiveness and attractiveness as an investment destination.


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