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Jun 23, 2017

China's Squeeze on Capital Outflow Felt in Cambodia


Joseph M. Lovell, Partner and Head of Sciaroni & Associates Banking & Finance Practice Group, was quoted in a recent article in the Phnom Penh Post regarding stringent capital controls imposed by China’s central bank in late 2016 that impact the outbound flow of funds creating concerns for Chinese investors looking at the Cambodian market. Specifically, Joseph remarked that despite the crackdown “Cambodia could buck the trend given its geopolitical importance to Beijing and its favored status under China’s One Belt, One Road policy.” He further remarked that there are legal ways to “circumvent the scrutiny of Chinese capital control authorities … by deploying capital that is already outside of China”.
 
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Sciaroni & Associates is a leading professional and investment advisory firm doing business in Southeast Asia since 1993. Based in Cambodia with legal offices in Laos and Myanmar, we provide experienced advice and business insights to many of the world’s leading companies, governments, economic think tanks, global development funds, international NGOs and the Royal Government of Cambodia in accordance with strict international standards.
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