Bangkok: Prof. (Special) Kittipong revealed that in 2024, the CMDF Fund will provide funding for 22 projects, aiming to attract and set up a joint investment fund (Matching Fund) on a new trading board, which is expected to be clear in 3-4 months. The CMDF manager stated that by the end of 2024, there will be 5.8-5.9 billion baht, opening the 68-69 plan to promote the Jump+ and TISA projects.
According to Thai News Agency, Professor Emeritus Kittipong Urapipatanapong, Chairman of the Stock Exchange of Thailand (SET) and Chairman of the Capital Market Development Fund (CMDF), said that CMDF aims to support, promote and develop the ecosystem of the Thai capital market to increase the country’s competitiveness by promoting knowledge in finance and investment, developing the potential of personnel in the capital market and playing a role in supporting the push for relevant regulations to accommodate changing trends in the financial and investment business, as well as upgrading research on the Thai capital market to create new forms of financial and investment innovations. It aims to push for research results to be applied in practice by passing on knowledge and policy proposals to relevant agencies so that they can be applied in their operations or set tangible guidelines. In 2024, CMDF provided funding for 22 projects, such as ESG development, capital market personnel development, and promoting inves
tment literacy among the public to avoid falling victim to fraudsters. In addition, CMDF has supported the study of the guidelines for the development of the Personal Savings Account (TISA) policy to lay a foundation for an effective savings structure in the long term, reflecting CMDF’s commitment to being a mechanism to drive the Thai capital market to grow steadily and sustainably. The CMDF Board believes that CMDF funding will help promote the development of the Thai capital market in various dimensions to ensure sustainable and continuous growth of the Thai capital market.
The chairman of the Stock Exchange of Thailand added that within the next 3-4 months, there will be clear progress on the plan to study the establishment of a new stock exchange board for technology companies (New Economy) and startups, similar to models in foreign countries. The plan is to urgently consider models from China, Mumbai, Vietnam, and the United States (New York Stock Exchange), as well as consider related regulations and analyze the advantages and disadvantages that will occur. The target is foreign technology companies or foreign companies that come to request BOI privileges in Thailand and push large companies that want to spin off subsidiaries that operate in technology businesses without having to wait for 3 years to have profits. They can register on this new board immediately. We are ready to support providing additional tax privileges, but there must be strict procedures and regulations because we want to focus on companies with real growth potential, not focusing on quantity. It is possi
ble that the CMDF may be invited to set up a matching fund to invest in companies on the new exchange board to be a pilot project to host and support large companies to invest in the future, which will create confidence for investors.
Mr. Jakchai Boonyawatt, CMDF Manager, revealed that since the CMDF Fund began operations in 2020, it has an initial capital of 5.7 billion baht and has received support from the Stock Exchange of Thailand for approximately 90% of its profits each year. Over the past 5 years until the end of 2024, the CMDF Fund has managed a total of approximately 5.8-5.9 billion baht, of which this lump sum is managed by a fund manager, which has yielded a return of approximately 4-5% per year. From 2020 to 2024, the CMDF has approved a total of 153 projects worth a total of 2.928 billion baht, of which 83 projects have been completed, all of which have benefited the capital market ecosystem in various aspects and are in line with the CMDF’s mission. In addition to studying the guidelines for formulating the Personal Savings Account (TISA) policy, in 2024, the Capital Market Research Institute (CMRI) under the CMDF has also supported various other research projects, such as guidelines for managing money received from retireme
nt provident funds. Study to prevent fraud in the capital market and ways to protect investors, ways to develop the carbon credit market in Thailand, etc. In terms of researcher development, there is a project to support new researchers to be more interested in working in the capital market (Researcher Pool), where CMDF collaborates with the Office of the Permanent Secretary, Ministry of Higher Education, Science, Research and Innovation (MHESI) to support research funds in the form of Matching Funds for new researchers in the capital market who are personnel of higher education institutions under the MHESI.
For the next 1-2 years, the focus will be on 2 main missions: Supporting the Jump+ project of the Stock Exchange of Thailand, aiming to create added value for listed companies, especially medium and small-sized companies, which are the driving force of the Thai economy. The CMDF will provide funding and knowledge to enable these companies to increase their potential and grow steadily.
and promoting the Financial Well-being of Thais to increase awareness of savings, finance and investment and look for new products to supplement, such as the study on Thailand Individual Saving Account (TISA), which CMDF supported the research and completed and presented the study results to the Stock Exchange of Thailand, the SEC Office and the Ministry of Finance for consideration. The goal is to make it easier for Thais to access long-term investments and may help reduce inequality.
The results of the past project implementation, CMDF has promoted the development of more than 3,500 organizations, developed more than 15,000 capital market personnel, promoted education for personnel in both global and local certificate industries, totaling more than 940 persons, disseminated and raised public awareness through online media, reaching more than 80 million times, including disseminating research through the CMRI website, totaling more than 50 articles, with more than 17,300 views, disseminating research through various agencies, more than 600 volumes, to 30 agencies.