BOC launches educational fund for Cambodian students

The Bank of China Phnom Penh Branch on Sunday set up an educational fund, aiming at supporting poor students in Cambodia.

In the first phase, the fund will be provided to two Chinese schools in Cambodia. One is Duan Hua School and the other is Chhong Cheng Chinese School, said Chen Changjiang, chief executive officer of Bank of China Phnom Penh Branch, at the launching ceremony.

"This is the bank's contribution to developing education in Cambodia. The scholarships will be awarded to poor students," he said, adding that in the future, the fund will be expanded to other Chinese schools and universities in the country.

Duong Chhiv, president of the Chinese Association in Cambodia, hailed the bank for its special attention to education in Cambodia, saying that the fund is very important to integrate poor students into schools.

"The bank not only contributes to developing the Cambodian economy, but also assists the country's education," he said.

According to the association, there are 57 Chinese schools with more than 40,000 students throughout Cambodia at present.

The Bank of China is a state-owned public listed bank in China and is a leading commercial bank in the world.

The bank officially launched its operations in Cambodia in May last year.