Economic Performance - Cambodia's economy shows strong but uneven performance, with manufacturing and services growth driven by stable exports, particularly in garments and tourism[35] - Agricultural sector employment remains significant, supporting 3.1 million jobs, but its contribution to GDP growth is limited, only 0.2 percentage points in 2024[36] - Total rice production increased by 11.0% in 2024, but structural challenges persist, including reliance on weather conditions and price volatility[36] Trade and Investment - Exports to the US, especially garments, remain strong, with a year-on-year growth of 11.6% in Q1 2025, contributing significantly to consumer confidence[38] - Foreign Direct Investment (FDI) inflows are primarily from China, accounting for 65.5% of total net FDI, while domestic investment approvals have sharply declined by 96.7% year-on-year[39][43] - Total goods exports reached $26.673 billion in 2024, with a significant contribution from the garment, travel goods, and footwear sectors[43] Inflation and Monetary Policy - Inflation rose to 3.7% in March 2025, driven mainly by food price increases, while broad money supply growth reached 19.0%[38] - The banking sector reported a non-performing loan (NPL) rate of 7.9% by the end of 2024, indicating deteriorating asset quality[40] Fiscal Policy and Public Debt - Central government revenue increased by 11.2% year-on-year in Q1 2025, primarily due to significant growth in VAT and non-tax revenues[40] - Public debt remains low at 25.9% of GDP as of the end of 2024, with a projected fiscal deficit of 2.7% of GDP for 2025[41] Social Impact and Inequality - Economic recovery has been uneven, with household consumption per capita growing by 8% from 2021 to 2023, but disparities exist between income groups[42] - The poorest 20% saw a 7% increase in consumption, while the wealthiest 20% experienced a 10% increase, highlighting income inequality[42]

金融风险存在薄弱环节 《报告》指出，从7家商业银行审计情况看，金融风险正在有效缓解和管控，风险总体可控，但仍存在一些薄 弱环节。 记者查阅相关银行行政罚单，近两年有关"四证"不全的房地产项目的罚单并不少见。如金融监管总局网站2024 年4月披露，汉口银行因违规向四证不全的房地产项目提供融资，且部分资金用于偿还本行风险贷款等问题受 到当地监管部门的处罚。此外，同年10月份的罚单显示，九江银行因理财资金用于受让本行表外风险资产、 向"四证"不全的房地产项目提供融资，领到罚单。 此外，上述《报告》指出，有5 家银行对账户资金异常流动监管不力，11 家地方融资平台借机向公众集资 247.43亿元，主要用于偿还存量债务等，所承诺保底年化收益最高达12%，使债务风险向涉众领域外溢。 近日，审计署披露了《国务院关于2024年度中央预算执行和其他财政收支的审计工作报告》（下称《报 告》），指出部分接受审计的金融机构在金融风险方面存在薄弱环节，此外，还存在违规掩盖处置不良资 产，以及违规放贷揽储等问题。 具体如有6家银行2022年以来，违规向"四证"不全等房地产项目发放开发贷款等共计209.68亿元。有7家银行在 支持房地产中 ...

Core Viewpoint - The article highlights promotional membership offers and educational courses related to investment banking and corporate finance, emphasizing significant discounts and a variety of learning opportunities for professionals in the field [2][4][6]. Membership Offers - Various membership options are available at discounted prices, including: - Annual Card: ¥4099, now ¥2799 - Semi-Annual Card: ¥2599, now ¥1799 - Honor Card: ¥1499, now ¥999 - Monthly Card: ¥699, now ¥599 [1]. Educational Courses - A range of courses is offered for free or at reduced prices, covering essential topics in investment banking and corporate finance, such as: - Mergers and Acquisitions Practicalities - Corporate Compliance Practices - Private Equity Fund Practices - AI Applications in Investment Banking [4][7][8]. - Specific courses include: - Mergers and Acquisitions with 140 case studies (4.9 hours) at ¥199.5 - Corporate Governance Compliance Issues (1.5 hours) at ¥84.5 - Financial Valuation Modeling from beginner to advanced (7.4 hours) at ¥149.5 [7][8]. Promotional Period - The promotional period for membership and courses runs from June 19 to June 26, with special pricing for two-year memberships at ¥3299 [2][8].

近年来，由于房价下跌，导致了作为主要资产类别的不动产价值的持续下探，从而引发了一些企业的债务风险，以及抵押资产贬值缩水形成的不良资产。 据国家金融监督管理总局的统计数据，2020年至2024年，每年累计处理不良资产规模均超过3万亿元。 这些不良资产的形成，不仅影响了金融机构的资产质量，还可能对其稳健经营和持续发展构成威胁。 从根源上分析，不良资产的形成主要可以追溯至 "在我国，商业银行根据信贷资产的风险程度，将贷款划分为五大类：正常类、关注类、次级类、可疑类和损失类。这其中，次级类、可疑类和损失类贷款 被统称为不良贷款，它们构成了金融机构不良资产的重要组成部分。此外，信托公司、证券公司、基金公司、保险公司等其他金融机构在运用自有资金进 行投资时，也可能因多种原因（如投资失败、管理不善等）形成不良资产，进一步增加了金融不良资产的总量。"仲量联行评估咨询部资深董事韩晶 说，"随着企业债务违约事件的增多，银行、信托等金融机构的不良资产规模有可能进一步扩大。然而，对于某些投资者而言，这却提供了一个机遇。" 目前，市场上的不良资产业主方也呈现多元化趋势。以仲量联行参与的交易为例，业主方包括了银行、信托、AMC等金融类机 ...