Bangkok: The Treasury has assigned the Stock Exchange of Thailand (SET) to restore confidence and strengthen its role in caring for retail investors. The SET board chairman and manager are committed to advancing investment opportunities and options, leveraging technology to enhance investment platforms and products.
According to Thai News Agency, the SET organized a seminar titled 'Legacy and Future: 50 Years of Thai Capital Market' to commemorate its 50th anniversary in 2025. The event served as a platform for discussing the development of corporate governance in the Thai capital market, reflecting on past achievements to forge a sustainable economic and societal future.
During the seminar, Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, shared a taped interview with Mr. Atsadej Kongsiri, Director and Manager of the SET. He extended his congratulations on SET's remarkable journey from its inception in 1975 with just eight listed companies to over 800 today, raising more than 6 trillion baht.
The SET has navigated numerous crises, marked by fluctuating indices. The focus now is on continuous change and development, aligning with innovation. As the SET approaches its centennial, the goal is to restore trust and confidence, ensuring robust growth. The SET plays a vital role in facilitating fundraising, product development, and infrastructure for investment. Collaboration with the Securities and Exchange Commission (SEC) aims to improve criteria, reduce obstacles, and create fairness for retail investors, fostering opportunities and informed investment decisions for sustainable returns.
Professor Emeritus Kittipong Urapipatanapong, Chairman of the SET, emphasized the need for quick adaptation to crises and collaborative efforts among agencies, including the SEC. He stressed the importance of investor education and prudent decision-making, cautioning against over-leveraging.
Mr. Asadej Kongsiri outlined the direction for capital market development, focusing on creating opportunities for investors and entrepreneurs. He highlighted the importance of accessible information and appropriate investment decisions, promoting business growth through fundraising. The SET is committed to developing new investment tools, such as Depository Receipts (DR), DRx, and ETFs, offering diverse options for risk management and foreign market access. An AI-based data platform is being developed to facilitate information access and analysis.
Despite short-term market volatility driven by domestic and international factors, opportunities persist, particularly in high-potential sectors like healthcare, consumer goods with Thai brands, and tourism. Mr. Atsadet reiterated the SET's commitment to building confidence, enhancing stability, and continuously developing the investment system for a stable future.