Mr. Arkhom Termpittayapaisith, Minister of Finance, revealed that the Cabinet (Cabinet) acknowledged the 4th Capital Market Development Plan (2022-2027) as proposed by the Ministry of Finance.
The 4th Capital Market Development Plan is a continuation of developments from the 3rd Capital Market Development Plan, taking into account the challenging factors. and major changing directions of the global economic situation (Mega Trends) that affect the capital market in many important areas such as technological advances; climate change, aging society, geopolitics behavioral changes of the new generation, etc., as well as focusing on shaping the future landscape of the Thai capital market sector. To meet the driving goals in 7 areas as follows
1. Sustainability of the economy and appropriate domestic fund allocation (Domestic Fund Mobilization)
2. Quality Growth and promoting all sectors in the capital market to operate ethically
3. Emphasis on access to the capital market of small and medium-sized enterprises and startups (Small and Medium-size Enterprises: SMEs/Startup) and small investors to make more use of the capital market.
4. Capital markets can achieve more ambitious goals, such as international positions. access to the capital market of fundraiser and investors for greater utilization of the capital market, etc.
5. Digital utilization and data sharing
6) Consistency (Harmonization) between traditional assets and digital assets. as well as the coordination and cooperation of regulators. (Cross-Discipline)
7) The public has confidence in the Thai capital market (Public Trustworthiness).
“The 4th Capital Market Development Plan will play a role in pushing the strategy into practice. through cooperation from all sectors This will result in the Thai capital market as a mechanism to support economic growth with quality and balance. Including helping to maintain growth And create new growth (New Growth) from the target industry. Promote sustainability and the digital economy It is a source of wealth (Wealth) for market participants. and resilience to risks and threats, “said Mr. Arkom.
For the Capital Market Development Plan No. 4, the main points can be summarized as follows:
- Vision and Mission
Vision : Capital market (power 4) to turn the economy to strong growth.
1) “Continuing” the capital market to be a regional leader, 2) “Promoting” all sectors for sustainable growth, 3) “Supporting” all sectors to adapt to the digital economy, and 4) “Strengthening” financial well-being. public finance
Mission: namely 1) a capital market for competitiveness, 2) a capital market for sustainability, 3) a digital capital market, 4) a capital market for financial well-being, and 5) a capital market that everyone can benefit/access.
- The 4th Capital Market Development Plan consists of 5 strategies divided into 29 plans to support the achievement of the aforementioned vision and mission, namely:
Strategy 1 Capital Market for Competitiveness (Competitiveness) is to increase the potential and competitiveness of all sectors in the Thai capital market and economic system, consisting of 11 plans, with important plans such as the amendment of the Securities and Exchange Act B.E. 2535, etc.
Strategy 2: accessible capital market (Accessibility) is a capital market that allows all sectors to take advantage, consisting of 8 plans, with important plans such as supporting the target business group, which is the new industry of the future (New Economy), a business group that focuses on using technology. and innovation to build upon existing industries to grow further in the future (New S-curve) and bioeconomy business group circular economy and green economy (Bio-Circular-Green Economy: BCG), raising funds through LiVE Exchange, a stock exchange for SMEs and Startups, etc.
Strategy 3 Digital capital market (Digitalization) is the promotion, application and use of technology and digital in the capital market, consisting of 6 plans, with important plans such as the Digital Infrastructure (DIF) project to be the central infrastructure in the capital market, etc.
Strategy 4 Capital Market for Sustainability (Sustainability) is focused on promoting the sustainability of all sectors related to the Thai capital market and the economy in the long run, consisting of 1 action plan, i.e. measures to promote and develop the Thai capital market for sustainable growth (ESG).
Strategy 5 Capital market for financial well-being focuses on creating good financial results. Including creating investment opportunities There are appropriate risk management, consisting of 3 plans, with important plans such as the development of financial skills of Thai people (Financial Literacy) under the Financial Skills Development Action Plan B.E. Provident Fund B.E. 2530 etc.
