Prime Minister highlights 3 guidelines for capital market development Push Thailand into regional investment targets – Hoonsmart

HoonSmart.com>> Prime Minister highlights 3 guidelines for developing the Thai capital market. Attract foreign investment Aiming to push Thailand to be an investment destination in the region with a shift focus towards sustainability. Support the digital economy

Mr. Settha Thavisin, Prime Minister and Minister of Finance Gave a special lecture on the topic “Policy and direction for the development of the Thai capital market” in the strategic announcement seminar The SEC for the year 2024 said that the government attaches great importance to the capital market. In the past, the Thai capital market has faced short-term challenges. Both the global volatility situation and the challenge of confidence from domestic investors As a result, the stock price index The Stock Exchange of Thailand (SET Index) dropped significantly.

However, if we consider the fundamental factors of the Thai capital market It can be seen that it is strong. in the long term and is highly flexible The value of securities is ranked 27th in the world and the 3rd largest in ASEAN. It also has the highest cumulative historical IPO value in ASEAN.

In addition, the government sees an opportunity for development to meet important changing trends. Both digital and sustainability aspects which has a twin transition effect on the entire capital market system overall economy and the well-being of the people As well as giving importance to the country’s transition to a digital economy and a sustainable economy or ESG economy as well.

Sustainability The concrete part is the establishment of the Thailand ESG Fund, because the private and public sectors of Thailand have strengths in these matters. Thailand currently has a high number of listed companies selected for international sustainability indexes compared to other countries.

Therefore, the government sector has approved the Thailand ESG Fund, which benefits both those who raise funds to do good things for society and those with savings who receive long-term returns along with promoting the country’s ESG aspect. Preliminary information predicts that there will be investment management companies (“asset management companies”) offering ThaiESG funds, a total of 16 mutual funds, 22 funds, generating funds to raise funds of not less than 10,000 million baht from investors of age. From 30-60 years, not less than 100,000 accounts and expected to help create new investors who care about the environment and sustainability.

At the same time, the advancement of technology The government places importance on the transition to a digital economy in order to increase efficiency and create value for the overall economy. The Thai capital market plays an important role in helping to bring about this transition. The SEC has received this government policy. By raising the level and adjusting the organizational structure. There is an emphasis on the strategic plan and the addition of divisions in the fields of financial innovation and technology. To promote the adoption of technology and financial innovation Especially digital assets used to increase efficiency and reduce costs in accessing capital sources for the business sector This is one of the key mechanisms in driving the country towards the digital economy and one of the main goals of the SEC’s strategic plan going forward.

The government aims to promote the development of business fundraising and public investment. Therefore, they agreed on principles that reduce obstacles to promoting the digital asset ecosystem, such as tax inequality. This will result in equal competition between business operators in the digital asset market. Reduce the burden on those involved both on the side of digital asset business operators. Issuers and sellers (issuers) as well as investors in the digital asset market It also encourages the use of technology in fundraising through investment tokens to promote innovation development to be more concrete.

The first approach that the government gives great importance to is attracting foreign investment. Through pushing the Thai capital market to be an investment destination in the region, which will lead to more investment in various industrial sectors, the government focuses on opening international trade markets, economic zones, and infrastructure investment. It will accelerate the negotiation and expansion of the Free Trade Agreement (FTA), open new markets, and build economic cooperation with other countries, especially countries in Europe, the Middle East, and Africa, as well as promote convenience. In doing business in Thailand to investors and foreign businesses (ease of doing business), the government will also present investment information on the Thai stock market or roadshows to continue building confidence among foreign investors. since

The second approach is to shift focus to sustainability. The government will take action and support all sectors to move forward with full force. Aiming for the Sustainable Development Goals or SDGs (Sustainability Development Goals) and carbon neutrality goals by 2050 and net zero greenhouse gas emissions (Net Zero) by 2065, with the government continuing to promote Let the Thai capital market develop mechanisms for the business sector. Ensure sufficient capital to transition to green companies and provide small businesses with access to knowledge, technology and capital to adapt to the environmental crisis. The government sector itself will push forward. Policies to stimulate the green bond market (Green Bond Market), fundraising to support the SDGs (Financing for SDGs), and sustainable financing policies that are in line with international standards. Green finance mechanism, which has set a goal of issuing and offering debt instruments to promote sustainability. (Sustainability-Linked Bond) of not less than 30,000 million baht to enable related organizations and agencies to jointly implement policies that create sustainability. and the creation of the Thailand Green Taxonomy to promote growth and investment in environmental and social projects.

The third way is to support fundraising by the business sector. Especially the digital economy and SMEs / Startups in order to have enough money to run their businesses. Continue to grow and expand on a global scale.

For the digital economy: the public and private sectors will invest together in companies that In industries that use advanced technology artificial intelligence Research and development of technology and innovation

As for SMEs / Startups: The government sector will develop a comprehensive mechanism to assist SMEs / Startups, starting from product development. Financing as well as opening the market

The government’s guidelines are those that the government will accelerate in the capital market sector. The government also has a variety of policies to implement in other sectors as well. I have great confidence that if the government’s actions in all sectors are combined together, it will result in the Thai economy growing. continue to be sustainable