Capital Market Development Fund (CMDF) in collaboration with McKinsey & Company (Thailand) Co. Ltd., a global management consultancy Produced a white paper report Improving the competitiveness and efficiency of the Thai capital market, studying opportunities and limits of the Thai capital market structure in terms of competitiveness and efficiency to cope with changes and challenges. in technology, the economy, society and the environment both nationally and globally
The study found that the Thai capital market is still the main mechanism that plays an important role in developing and guiding Thailand sustainably. And overall, the Thai capital market has the potential to compete against the ASEAN countries. It is also a long-term funding source that promotes economic development and innovation. and is a source of knowledge about saving and investing Thailand’s capital market benefits the country in many ways. Whether it’s helping people entering aging society save for retirement. to create an environment conducive to startups and small and medium-sized enterprises (SMEs).
However, the cost of doing business in some types of capital markets, such as the cost of trading shares in the secondary market (with the current cost being the second highest in ASEAN Calculated without including any applicable financial transaction tax) or mutual funds. it is still above the ASEAN average As a result, the Thai capital market needs to adjust to be cheaper.
Furthermore, this report also provides 10 additional policy proposals for the sustainable development of the Thai capital market in the future as follows:
1. Promote sustainable finance to help Thailand move towards zero carbon emissions: Leading green finance innovation in Thailand’s capital market.
2. Develop a pension fund to support an aging society: supporting the development of the National Pension Fund.
3. Promote small and medium-sized enterprises (SMEs/startups): through financial support. consultation platform construction and fundraising agreements
4. Expand digital assets: Diversified applications should be explored. and build confidence in risk management
5. Improving financial literacy: through public-private partnerships. new investment projects and promote investment awareness from an early age
6. Promote the investment of small investors: reduce the complexity of entering investments. use digital technology to increase the number of retail investors in the Thai capital market
7. Attract long-term investment from overseas institutional investors: Create a more open environment on par with major regional countries. and have the infrastructure to support the new economic sector
8. Develop Domestic Institutional Investors: Strengthen domestic institutional investors by diversifying their portfolio into more diversified asset classes.
9. Unlock data analytics: investing in data standardization and investment data collection.
10. Attracting and nurturing talented (talent) personnel: By attracting personnel with the required skills in the Thai capital market. and upgrading personnel in the current Thai capital market to have the expected skills.
Develop the Thai capital market according to the above approach, along with maintaining the level of cost competitiveness. It is a study recommendation. so that the Thai capital market can build on past successes and create a Thai capital market that can meet the needs of the new generation That will effectively create the capital market of Thailand’s future It needs serious support and cooperation from part of the public and private sectors of all sectors.
Detailed study report can be downloaded through the website www.mckinsey.com/featured-insights/ If you have any questions or queries You can contact us for more information via LINE official: @CMDF or by email: [email protected]. th or [email protected].
