SEC continues to solve obstacles to push SMEs access to capital markets | RYT9

Ms.Ruenwadee Suwanmongkon secretary Office of the Securities and Exchange Commission (SEC) Said at the seminar “The first step of SME toCapital market“That SECContinue to support entrepreneursSmeEnterCapital marketGet more becauseSmeIt is the business sector that is important to driving the country’s economy. It accounts for 35-40% of gross domestic product (GDP) and is a sector that generates huge jobs. With the number of employment of up to 12 million people, making the government SEC And related agencies Recognize the importance and promoteSmeGive accessCapital marketTo increase funding options to help grow your business

In the past, the SEC revised laws, rules and regulations on the limitation of SME businesses. That makes SMEs unable to access funding sources It also provides opportunities for SME businesses to raise capital using capital market tools through the issuance of convertible bonds (Convertible Bonds) to pilot SME businesses to learn and gain access to fundraising tools. Finance in the capital market Which is suitable for some SME entrepreneurs who want to raise funds to bring money to further and enhance the business potential. But I don’t want anyone else to take part in the ownership at this time.

The convertible bond is a tool that meets the needs of SME entrepreneurs who still want to work with their co-founders. And still do not want others to be involved in the management But can take part in as a creditor But if the business grows, the investor’s creditor status of the convertible debentures can be converted back to shareholders. When a SME operator is ready to let others join the company There are three convertible bonds issued by SME business since December 1, the total amount of Baht 168 million. Some 69 other convertible debentures have been filed with the SEC, which are expected to see more issued in the year ’20.

For another fundraising channel that The SEC has pushed that. It’s crowdfunding fundraising that will bring digitalization. For SME entrepreneurs who want to raise less than 300,000-1,000,000 baht in foreign countries, food-related groups use crowdfunding channels quite a lot, such as in Malaysia, SME businesses And most food-related startups use Crowdfunding to raise funds for their businesses. This model will be another channel that provides more options for SME entrepreneurs to access more funding sources. In addition to borrowing from people near you Or apply for loans from financial institutions by Crowdfunding for SMEs at SEC pushes It will look similar to the Bank of Thailand (BOT) Interpersonal Lending Service (P2P) system.

In addition, the SEC has also cooperated with the Stock Exchange of Thailand (SET) to develop a trading board of the SME business group. From the gap in the Market for Alternative Investment (mai), mai-listed businesses are still much larger than SMEs. Causing the SEC to consult and work with the Stock Exchange of Thailand at the same time To develop a trading board for the SME business group To be a channel for raising funds for SME businesses through the Stock Exchange of Thailand Make the SME business grow. Build the image and credibility of SME business. To be able to contact trade or expand business abroad And create added value for SME businesses It is expected that the trading board of the SME business group in the stock market will be clear in the year 64

The guidelines for setting up mutual funds for SMEs that are proposed by the private sector. The SEC sees it as another approach to consider. To help SME operators in accessing funding sources Due to the current economic slowdown, it is difficult to access capital to support liquidity of SM businesses. Because banks are still strict in lending In which the SEC has taken such matters into consideration Including providing tax incentives to attract investors The SEC will take this into account to propose to the Ministry of Finance. In which the SEC will continue to push strongly in order to allow more SME businesses to enter the capital market.

“SMEs are very important to driving the Thai economy. SME access to capital markets It is one of the mechanisms that help to enhance liquidity, help to expand and enhance the capabilities of SMEs more, the SEC has already disrupted the rules of SMEs. To create opportunities for SMEs raising funds Since taking over as secretary of the SEC Since May 2019, almost two years now, have been working with every SEC team to drive as many SMEs into the capital markets as possible. And found the SME operators to know more who the SEC is Including cooperation with various agencies to educate SME entrepreneurs From now on, it should gradually see more and more SMEs coming into the capital market, ”said Ms. Ruenwadee.

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