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SEC is ready to take further steps in promoting Thailand’s capital market to be a crucial driver for the country’s economic developments in line with the new Capital Market Development Plan



Tuesday 14 February 2023 | No. 28 / 2023


Bangkok, 14 February 2023 – The Securities and Exchange Commission (SEC) is set to embrace the 4th Capital Market Development Plan (2022-2027), in which the capital market will be strengthened to become a key driver of the country’s economy, as reflected in the five key result areas spelled out in the SEC Strategic Plan (2023-2025).

The afore-mentioned Capital Market Development Plan, acknowledged by the Cabinet on Tuesday, January 31, 2023, consists of the following five strategic directions for continued growth of the capital market which is envisioned to become:

Strategic Direction 1 Capital market for competitiveness (Competitiveness), in which potentiality and competitiveness of all sectors in the capital market and economic system will be reinforced. 

Strategic Direction 2 Capital market accessible to all (Accessibility), in which all parties concerned can make use of the market for their needs.

Strategic Direction 3 Digitalized capital market (Digitalization), in which digitalization and technologies will be applied and promoted.

Strategic Direction 4 Capital market for sustainability (Sustainability), in which long-term sustainability of all stakeholders in the capital market and economy will be fostered.

Strategic Direction 5: Capital market for financial well-being (Financial well-being) of Thai people, in which financial wellness through appropriate investment opportunities and risk management can be achieved.

The SEC, having taken part in the formulation of the 4th Capital Market Development Plan (2022-2027) together with other stakeholders, will play an important role in developing the capital market to become the major driving force for economic growth according to the nation’s economic development policies. As such, the SEC has taken into account those strategic directions in the organization’s current Strategic Plan (2023-2025), endeavoring to enhance capital market opportunities and resiliency in response to the upcoming challenges and trends affecting the country’s financial sectors due to the rapidly changing scenarios. The SEC Strategic Plan is also designed to further pursue capital market developments towards the desirable directions. 

The SEC Strategic Plan (2023-2025) has laid down the following five key result areas: 

(1) Capital market is developed to be a key mechanism for strengthening the Thai economic structures by putting in place an ecosystem conducive to fundraising of strategic business sectors, e.g., SMEs, S-Curve, Bio-Circular-Green (BCG) as well as soft power promotion businesses*.

(2) Capital market is digitalized to enhance the country’s economic potential through the establishment of an ecosystem that supports technological advancements and innovations for reinforced competitiveness. In this front, new technologies will also be applied for capital market development and supervision and for upgraded cybersecurity.

(3) Capital market’s prospects are steered towards sustainability through the enhancement of fundraisers’ sustainability and the promotion for the capital market to become a key driver for achieving the nation’s sustainable development goals (SDGs).

(4) Capital market is developed and supervised in response to the changing scenarios to enhance investors’ trust and confidence. In this connection, the SEC sets priorities for policy measures, developmental and supervisory, that can keep pace with the changing landscape and that facilitate international connectivity as well as cross-border activities of financial products.

(5) Capital market is an appropriate wealth accumulation channel for the people, through which they can build up their lifelong financial stability by acquiring financial literacy, self- protection knowledge from frauds/scams, and digital literacy for the use of capital market services.

In carrying out the mandates and tasks under the Strategic Plan, the SEC has adopted the Innovative Organization Plan to strive for becoming a reliable high-performance organization, with quality services provided for the public needs to gain the public trust, which is the major driving force for effective achievements of the organization’s strategic goals.

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Remark:

* Soft power promotion businesses are those that promote the “Thainess” through culture, food, and various branches of art. The Thai Government’s five businesses with potentiality to be promoted are food, films, fashion, fighting and festivals.






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