Background
The Governor of the National Bank of Cambodia (NBC), Dr. Chea Serey, received a high-level delegation from Bank of China on 18 March 2026 at the NBC Wat Phnom headquarters. The delegation was led by Mr. Sun Yu, Chief Executive of Bank of China in Hong Kong. The visit focused on Bank of China’s existing operations in Cambodia and its interest in further supporting the development of Cambodia’s financial sector.
Scope of Application
The meeting relates to Bank of China’s current and prospective banking operations in Cambodia and its engagement with the Cambodian financial system under the oversight of the National Bank of Cambodia. It concerns potential future use of new financial instruments and the promotion of the Cambodian riel in domestic financial transactions, within the framework of existing NBC regulations and prudential requirements.
Key Provisions or Decisions
During the meeting, the Bank of China delegation:
- Provided an update on the positive performance of Bank of China’s operations to date.
- Reaffirmed the institution’s commitment to continue contributing to the development of Cambodia’s financial sector in line with applicable regulations.
- Indicated that it is studying the feasibility of introducing new financial instruments in the Cambodian market.
- Expressed interest in promoting broader use of the Cambodian riel for financial transactions.
In response, the NBC Governor:
- Welcomed Bank of China’s plans to expand its operations in Cambodia.
- Highlighted NBC priorities, including promoting riel usage, maintaining exchange rate stability, and safeguarding overall financial stability in support of economic development.
- Shared NBC’s views on Cambodia’s economic outlook, underlining both potential and challenges linked to regional and global geopolitical tensions and rising international oil prices.
Implications for Investors, Businesses, or Compliance
The meeting signals Bank of China’s intention to maintain and possibly expand its role in Cambodia’s banking sector under NBC supervision. Market participants may anticipate continued emphasis by the NBC on riel usage, exchange rate stability, and financial stability. Any future introduction of new financial instruments or expansion of services by Bank of China will need to comply with existing NBC regulations and prudential standards, although no specific regulatory changes or new instruments were announced in this meeting.
Official Source
The information is based on an official communication from the National Bank of Cambodia published via its verified Facebook page.
Related: Cambodia’s tax framework is evolving with increased enforcement and compliance focus. See:
Cambodia Tax Policy Review and Outlook (2025–2026)
