SEC inks cooperation pact with Japan's FSA
Thailand's Securities and Exchange Commission (SEC) has forged cooperation with Japan's Financial Services Agency (FSA) in expanding cross-border business opportunities between the two capital markets.
The Letters of Cooperation were exchanged.
Under this move, the SEC led the Thai private sector on a business trip to Japan in February to meet Japanese executives from both public and private sectors.
While the SEC and FSA discussed the regulatory framework, executives of the Stock Exchange of Thailand (SET), Association of Thai Securities Companies (ASCO) and Association of Investment Management Companies (AIMC) met with Japanese financial institutions to share Thai capital market information and seek business alliances. Also joining the trip was Anusra Chittmittrapap, president of Thailand Post, who wanted to learn more about investment unit selling operation.
Vorapol Socatiyanurak, SEC secretary-general, believed that the cooperation would provide more investment choices for investors of the two countries and also widen investment channels for Japanese investors to connect with Greater Mekong Subregion (GMS).
To Pattera Dilokrungthirapop, ASCO Chairperson, Japanese and Thai investors’ interest in overseas investment has been increasing recently; thus opened the window of opportunity for Japanese and Thai securities companies to seek business alliances and cooperation in order to provide services to their investors as well as enhance business opportunity. The cooperation could range from securities trading service, preparation of securities analysis report, marketing and investment product development, for instance.
