The SEC moves forward to drive eight strategic plans for 2021-2023 to answer five goals: “Restoring and Strengthening, Sustainable, Competitive and Reliable” covering and linking all dimensions to the National Strategy Plan. National Economic and Social Development Plan Capital Market Development Plan And an ad hoc master plan under the national strategy resulting from the COVID-19 situation, as well as being in line with the trend of significant changes (megatrends) by listening to stakeholders’ opinions in a comprehensive way to further enhance the Thai capital market.
The Securities and Exchange Commission (SEC) held a press conference on the 2021-2023 SEC Strategic Plan under the concept of “Strengthening Resilient Future” by Mr. Archom Termpittayapaisit. Minister of Finance Honored to be the chairman of the seminar and lecture on the topic “Role of the Capital Market and the National Economic Development in 2021” and presented an award under the ASEAN Corporate Governance Scorecard to Thai listed companies on February 11, 2021 at The Athenee Hotel Bangkok.
Mr. Archom Termpittayapaisit The Minister of Finance said that the SEC is an important role in regulating and developing credible Thai capital markets. Efficient And all sectors have access To make the capital market a mechanism that links between businesses that need capital and investors. This will benefit business expansion, employment, and promoting the competitiveness of domestic affairs. And the overall economic benefits of the country in the past, the SEC has always worked closely with the government sector.
In terms of capital markets, there are 5 important issues as follows: (1) Facilitating businesses with COVID-19 problems can continue their business operations (2) Creating access to the capital market, both investment and funding. To help reduce the country’s inequality (3) to raise confidence and strengthen the competitiveness of the capital market (4) Sustainable finance where capital markets can drive money allocation Funding towards social, environmental and governance economic activities (ESG) and (5) technology and innovation. Both in terms of development to enhance efficiency and regulate and protect investors appropriately. In addition to digital assets, the SEC must supervise and educate investors. To be aware of and have risk management as well. The Minister of Finance said.
Mr. Pichit Akaratit, SEC Chairman, said, “Capital markets play an important role in supporting the country’s economic and social development. The SEC has laid out the SEC’s strategy for the year. 2021-2023 to match this role. Along with assessing the current situation Analyze trends of significant changes (megatrends) and listen to stakeholders’ opinions in a comprehensive manner. To aim to truly meet the needs of the country and the needs of the target audience As well as giving importance to the development of the SEC organization to be strong, capable, ready for change And able to drive missions “
Ms. Ruenwadee Suwannamongkol, secretary-general of the SEC said, “The SEC Strategic Plan for the year 2021-2023 was made taking into account the connection between the National Strategic Plan and the Thai Capital Market Development Plan. Including the changing context and the modern financial world This brings opportunities and challenges to both business sectors in the Thai capital market and regulators by setting five goals and prioritizing them so that they can dedicate resources appropriately to the current and important issues in both areas. These include issues that need urgent action to improve liquidity and support the growth of the Thai economy, to be resilient and competitive (recovery & strengthening) and issues that need to be continued. To give the Thai capital market credibility and have a strong foundation for the sustainable growth of the Thai capital market. (resilience) “
The SEC’s strategic plan 2021-2023 retains four goals and seven key strategies from the 2020-2022 SEC Strategic Plan. “Rehabilitation and strength” and add ad hoc strategies To provide capital markets with unobstructed rules and tools to help enhance liquidity for businesses affected by COVID-19, a total of 5 goals and 8 strategies as follows:
1. Creating a capital market environment that is conducive to development for sustainability (Sustainable capital market)
2. Encourage people to have long-term financial health. Having sufficient long-term savings and investments to support retirement (Financial well-being)
3. Support access to capital for SMEs & startups growth and financing).
4. Increase competitiveness And creating opportunities from international connections (Enabling regulatory framework & connectivity)
5.Use digital technology to increase capital market potential and enhance governance (Digital for capital market).
6.Enhance potential supervision and enforcement in the Thai capital market (Effective supervision & enforcement).
7. Follow up and assess systemic risk to be consistent (systemic risk)
8. Create rules that do not hinder and promote liquidity tools for businesses facing problems from the situation of COVID-19 (Supporting liquidity), a special strategy.
There was also a discussion on the topic “The SEC Strategic Plan and the Economic and Capital Market Direction 2021” was honored by Dr. Kulaya Tantitemit, Director of the Fiscal Policy Office (FPO), Dr. Anuchit Anuchitanu. Kul Director of the Stock Exchange of Thailand Mr. Paiboon Nalintraangkun Director of the Stock Exchange of Thailand And Chairman of the Federation of Thai Capital Market Organizations Dr.Kirida Phao Phichit, Director of the In-Depth Economic Analysis Program Thailand Development Research Institute (TDRI) joins the view on the SEC Strategic Plan that will benefit people to invest in the capital market further, with Ms. Sinida Petchweerakul. Moderator
The 2019 ASEAN Corporate Governance Scorecard Award, assessed using the 2018 data given to listed companies in 6 ASEAN countries, under the framework of cooperation and support from the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB). By focusing on the importance of business operations in accordance with the principles of good corporate governance, which is the foundation for sustainability Thai listed companies received the highest average score in ASEAN for the sixth consecutive time, divided into 3 categories:
1. ASEAN Asset Class PLCs Award for companies that received a score of 97.50 or more, with 42 out of 135 Thai listed companies, the largest in ASEAN.
2. ASEAN Top 20 PLCs Award for companies with the highest score in the Top 20 in ASEAN. Four Thai listed companies received awards: Bangchak Corporation Public Company Limited (BCP), PTT Exploration and Production Public Company Limited (PTTEP), PTT Public Company Limited (PTT) and Thai Oil Public Company Limited (TOP)
And 3. The Country Top 3 PLCs award is given to the top 3 highest-scoring listed companies for each country *.
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