Miss Tipanan Sirichana, Deputy Spokesperson for the Prime Minister’s Office, revealed that the Cabinet meeting (Cabinet) approved the draft principles for the preparation of the Thai Capital Market Development Plan No. 4 (Years 65-70) according to the Ministry of Finance It is proposed to continue achieve the goal of developing Thailand’s capital market to be more accessible, competitive, connected and support sustainable economic development.
Regarding Housing Capital Market Development Plan No. 4, the Office of the Securities and Exchange Commission (SEC) will prepare a plan in accordance with the principles that the Cabinet has approved to adopt a draft of important principles, namely a Development Strategy’ r Strategic Market. Plan, foreign capital Improve the Potential and Competitiveness of Thailand’s Capital Market Promote access to finance through capital market mechanisms Use digital technology for capital markets Sustainable capital markets and build long-term financial health for retirement age
In addition, the Cabinet meeting acknowledged the report summarizing the implementation results of the Housing Capital Market Development Plan No. 3 (60-64) under 7 important measures and the results were as follows:
1. To be a source of funds for small and medium businesses (SMEs) and new enterprises (Start-ups). Development of a corporate crowdfunding tool for online interpersonal debt and lending transactions. and is in the process of establishing a credit score mechanism that financial institutions use to assess the ability of SMEs to repay debts
2. To be a source of funding for the country’s infrastructure The criteria have been revised to support the establishment of the Infrastructure Fund for Thailand’s Future. and is in the process of working on a plan to improve the Infrastructure Fund tax threshold
3. Increase the competitiveness of Thailand’s capital market which has been facilitated to complete 25 schemes out of a total of 33 work schemes, schemes which have been successfully implemented under this measure, such as the amendment of the Securities and Exchange Act 2535 to increase the efficiency of law enforcement on crimes and 7 plans are underway, such as amendments to the Civil and Commercial Code. Rules to support electronic transactions
4. Developing the Thai capital market as a point of contact for the region All 7 plans have been implemented, such as facilitating foreign investors who wish to invest their money in CLMV countries, namely Cambodia, Lao PDR, Myanmar and Vietnam.
5. Have a plan to support the elderly society Completed 4 work plans, such as education to improve the Provident Fund Act BE 2530 to increase efficiency as an important source of savings. support for retirement and there are 4 work plans in the process, such as providing a person responsible for formulating policy for all retirement savings systems in the country
6. Development of the Digital Capital Market The roadmap for developing the sale of savings bonds through Blockchain technology has been successfully implemented. A road map for the development of digital infrastructure to become a central infrastructure in the capital market using storage technology is underway.
7. Promoting sustainable development: 5 of the 7 roadmaps have already been implemented, for example preparing a roadmap to stimulate action towards Sustainable Development Goals for the Thai capital market. and it accelerates the process of implementing a road map to develop and support fundraising tools to promote sustainability.
By InfoQuest News Agency (05 Oct 65)
Tags: Thailand capital market, Tipanan Sirichana, Cabinet meeting, Cabinet decisions
.png?fit=300%2C300&ssl=1){kind=spacer}
