SEC exploring tie-up with Kunming to grow capital market
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The Securities and Exchange Commission (SEC) plans to cooperate with financial authorities in Kunming, China to generate economic growth through the country's capital markets.
SEC secretary-general Vorapol Socatiyanurak said Beijing plans to make Kunming, the capital of Yunnan province, a financial hub, facilitating trade and investment with Asean.
Last week, Vorapol met with top officials from Kunming, who accompanied a visiting Chinese investor group.
The two countries are considering ways to use Thailand’s capital market as a channel to mobilise funds to develop investment in Kunming; establishing real estate investment trusts and mutual funds for basic infrastructure; and encouraging Chinese investors to mobilise funds and list their companies on the Stock Exchange of Thailand in various forms such as holding companies.
Cooperation may also be expanded to include gold trading, the Futures Exchange of Thailand and also the setting up of securities firms in the two countries.
