Stock/SET’s strategic plan

Editorial Team

SET unveils 2023-2025 strategic plan, bolstering the Thai capital market with new economy companies

The Stock Exchange of Thailand (SET) unveils a three-year strategic plan (2023-2025) that steers towards mutual growth for businesses, industries, the capital market, society and the country for the greater opportunity for all (growth for business, Industry, society).

SET will also address diverse preferences covering from being the fund-raising destination for businesses of all sizes, enticing companies in the new economy for listing, accommodating the fund-raising via digital tokens, launching small-ticket investment products to exploring to introduce environment-linked products.

SET president Pakorn Peetathawatchai said that in the three years (2023-2025), amid the rapid changes in technology, consumer behavior, volatility of capital flows, uncertainties in economic recovery in light of high inflation and geopolitical risks, SET places importance on boosting the Thai capital market’s competitiveness and concurrently promoting sustainability in environmental, social and governance (ESG) aspects, for the benefits to all parties under the vision of “To Make the Capital Market ‘Work’ for Everyone”. This will be achieved through four strategies.

SET president Pakorn Peetathawatchai

The first is a strategy to enhance fund-raising opportunity with making it easier for businesses of every size in tapping funds from the stock market. Particular supports will be provided to new economy companies from the filing stage along with preparations for potential businesses.

SMEs and startups are in the focal point for an access to funding, on top of LiVE Academy and LiVE Platform as Thai Digital Assets Exchange (TDX) will be developed as a trading platform for investment and utility tokens, scheduled to be operational in the third quarter of 2023, and enhance investment opportunities with raising a variety of small-ticket products for small investors.

The second is developing a new trading platform within the first quarter of 2023 to raise efficiency of investment ecosystem and accommodate the development of new products, strengthening cybersecurity in collaboration with other players in the industry and amending related trading regulations to be in line with the changing market condition and the new trading system.

The third: match partners for synergy, including and improving information disclosure via SMART marketplace with analytical data and functions, materializing thematic and issue-based researches for further capital market development, putting listed companies’ ESG data on ESG Data Platform that will start distributing data in the second quarter of 2023 and devising ESG Ratings to support of launch of ESG-linked products.

The fourth strategy: merge ESG with substance, deploying ESG in driving internal operations and collaborative efforts with external partners towards sustainable growth.