SET unveils strategy to build capital market ‘for all Thais’
The Stock Exchange of Thailand (SET) on Tuesday implemented a three-year strategy to create a modern capital market for the sustainability of business and social sectors.
Capital markets channel the money of savers into long-term productive use by companies or governments.
SET president Pakorn Peetathawatchai said the strategy would place the capital market at the centre of investment, making it work for everyone in the digital era.
This would be achieved by promoting financial awareness among Thai people to improve their quality of life, he added. "Meanwhile, the SET is ready to support the business sector's role in taking care of society and the environment to boost the country's sustainability."
Pakorn said the strategy consists of three aspects:
New opportunities in every sector: SET will help companies raise funds, enhance the quality of capital market-listed firms, enable people to access investments, and boost opportunities for overseas investment. For instance, SMEs and start-ups will be able to access funds via the LiVE Exchange, due to open in the first quarter.
Digital infrastructure development: SET will expand efficient and reliable digital infrastructure, develop new platforms linking trade of existing and digital assets, and create business opportunities via digital analysis. For instance, a Thai Digital Assets Exchange to meet new-generation investors’ demand is due to open by the third quarter.
Promoting financial sustainability: SET will build public awareness of environmental, social and governance (ESG) principles, personal finance, promote environment-related projects and strengthen cybersecurity in the Thai capital market. For instance, it will build more partnerships under the Climate Care Platforms to tackle climate change.
Pakorn said the strategy would help create a modern investment ecosystem that meets demands of asset issuers, investors and stakeholders while boosting Thai capital market growth.
