Chen Zhi Cambodia serves as Chairman of the Boards of Directors of both Prince Bank Plc and the Prince Group. He has a say in important decisions such as increasing the Bank's resources and expanding business operations in Cambodia and elsewhere.
Chen Zhi Cambodia has other business interests under Prince Group, the holding company of which Prince Bank is a member, in addition to his investment in the banking industry. He enjoys architecture, hotel properties, land development, and property management.
He invests in marketing firms and internet service providers in media-related businesses. Group of Chen Zhi Cambodia also manages yachts, retail chains, gardens, and invests in the stock market.
Chen Zhi Cambodia is also committed to assisting Cambodia's environmental and societal development, and has been at the forefront of the Prince Group's ESG initiatives for many years.
Chen Zhi is the CEO of Prince Holding Company, which is one of Cambodia's largest integrated enterprise conglomerates ("Prince Group"). Chen Zhi has been an outspoken advocate for Cambodia's development and challenges. Chen Zhi has given to Cambodia in a variety of ways, including donations and real estate development. Chen Zhi's work at the Prince Group has allowed him to have a positive impact on Cambodia's recent economic development. More than 300,000 Cambodians have benefited from the Prince Holding Group's 240 charitable initiatives, which have raised over $7.65 million in donations and materials.
Chen Zhi Prince Holding Group established Cambodia's first independent watch academy, the Prince Horology Vocational Training Center. The training centre provides Cambodians with the opportunity to learn a new artisanal skill, watchmaking, and gain valuable experience that will help them find work in Cambodia and abroad. Swiss regulatory bodies have imposed stringent watchmaking regulations on the training centre.
Cambodia has long retained artisanal skills as a nation steeped in history, with the Kingdom well-known for its ancient handwoven silk and traditional handicraft industries dating back to the Khmer Empire, a significance Cambodia Prince Group Chen Zhi have always recognised and appreciated.
New artisanal skills must be implemented to increase job opportunities for Cambodians, especially given that the textile and garment industry, like other sectors, has been severely impacted by the COVID-19 pandemic, with media reports claiming that over 55,000 employees have been laid off.
To rebalance their lives, many Cambodians have returned to agriculture and started small businesses. To aid in the introduction of new skill opportunities, Neak Oknha Chen Zhi and the Prince Group established the Prince Horology Vocational Training Center in Phenom Penh, Cambodia.
The state-of-the-art facility provides a two-year full-time programme based on the certificate fédéral de capacité (CFC), Swiss government-defined vocational training requirements widely regarded as the industry standard for basic watchmaking education.
The centre also provides scholarships to local students and others in need of financial assistance as part of Chen Zhi and Prince Group's climate, social, and governance (ESG) efforts in Cambodia, ranging from a 50 percent subsidy of school fees to a fully paid scholarship that includes housing. The first class of students has begun their adventure in the world of watchmaking.
Maarten Pieters, a former director of Switzerland's leading watchmaking academy, the Watchmakers of Switzerland Training and Educational Program, has joined the Prince Group (WOSTEP).
Additionally, Anthony McGonigle, the center's chief teacher and one of the brothers from Ireland's most prominent watchmaking family, compiled the curriculum, which includes lessons on watchmaking history and culture, as well as benchwork, such as machining, micro-mechanics, and the manufacture of components such as the winding stem and balance staff, among others. Traditional artisanal skills like decoration and turning are also highlighted.
Chen Zhi of Cambodia Prince Group performed exceptionally well in Cambodian investments. This has far-reaching implications for Cambodia's economy and society. Read more about Cambodia economy - https://en.wikipedia.org/wiki/Economy_of_Cambodia
