Thursday, September 23, 2021

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Agency comes up with 3-pronged plan to expand investment in capital market


The Federation of Thai Capital Market Organisations (FETCO) has announced a three-pronged plan to boost the country’s capital market next year, namely expanding investor base, increasing long-term investment and helping small and medium-sized businesses.

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FETCO chairman Paiboon Nalinthrangkurn said his organisation has discussed this plan with the finance minister and will meet the minister again once the plan takes concrete shape.

 

He said FETCO aims to boost the number of investors spending in the capital market from around 3 million to 10 million in the near future. It will also review conditions and details of funds to draw more investment.

 

FETCO also plans to offer short-term investors tax incentives for converting their investments into long-term assets. Paiboon said this model is being used in China, where investors are offered greater tax breaks the longer they invest.

 

The chairman also said FETCO plans to help SMEs by setting up a closed-end fund. This fund will be raised by getting people to invest in debentures issued by SMEs with a credible history, he said.

Published : December 21, 2020

By : THE NATION