Bangkok, 25 March 2022 – The Securities and Exchange Commission (SEC) held an online public conference to announce the three-year Strategic Plan 2022-2024, which aims to achieve 3 main objectives: (1) enhancing competitiveness, (2) ensuring inclusiveness, and (3) strengthening trust and confidence in the Thai capital market.

Mr. Arkhom Termpittayapaisith, Minister of Finance, presided over the public conference and gave a keynote address on the topic, “Capital Market Development Policy: Mechanism to revive Thai Economy post-COVID-19”. As well, Mr. Pichit Akrathit, SEC Chairman, also gave his speech on the roles of Thai capital market toward the Thai economy and the roles of the SEC in laying out policies and directions for future development. Together with, Ms. Ruenvadee Suwanmongkol, SEC Secretary-General, articulated the conference’s objectives and led the SEC Management in announcing the SEC Strategic Plan 2022-2024.  

Mr. Arkhom said: “In driving Thailand toward strong and sustainable growth in all sectors, the Ministry of Finance has laid out policies and directions in five areas for capital market development and designated the SEC to co-host with all relevant sectors to translate these policies and directions into the establishment of the Capital Market Development Plan 2022 – 2027. The Ministry of Finance also suggested that the Financial Technology Plan be incorporated into the Capital Market Development Plan as well. The five areas of the capital market development are: (1) promoting market accessibility for fundraising and investment, especially for targeted business sectors and industries, (2) enhancing efficiency and competitiveness of the Thai capital market, (3)  employing digital technology as a driving force for the capital market, (4) developing a sustainable capital market, and (5) promoting long-term financial well-being and financial literacy.”

Mr. Pichit said: “Despite the continuing and more complex changes, which tend to emerge faster and become more severe, the Thai capital market remains strong in playing its roles and performs duties with all capacity and robust resources. In this respect, the Thai capital market has potential and important roles that can help revive the Thai economy and society to develop continuously, inclusively, and sustainably into the future. These important roles include: (1) The role of ensuring inclusiveness, (2) The role of developing mechanism and ecosystem that will be conducive to the business sectors in the new economy, and (3) The role of promoting the country’s economic capability through technological and digital support. Meanwhile, the SEC performs duties in its full ability to continuously strengthen trust and confidence in the Thai capital market.” 

Ms. Ruenvadee said: “The SEC Strategic Plan 2022-2024 is consistent and corresponds with the national direction, from the level of National Strategy to subsequent plans, including the Draft National Economic and Social Development Plan No. 13 and the policies and directions for the new Thai Capital Market Development Plan. In the process of establishing the Strategic Plan, the SEC monitored and analyzed the impacts of current situations and tendency of key changes as well as megatrends. We also sought comments and suggestions from stakeholders so that we have complete and comprehensive information. These actions have led to the formulation of key results and Strategic Plan that truly respond to the demands of all target groups, which will lead to mutual understanding and cooperation in driving the Strategic Plan toward effective outcomes.”  

The Strategic Plan 2022 – 2024 aims to achieve three main objectives, namely (1) enhancing competitiveness, (2) ensuring inclusiveness, and (3) strengthening trust and confidence, with five key results, as follows:  

(1)    The capital market is a key mechanism in restructuring and strengthening the Thai economic structure;

(2)    The capital market is digitalized to promote the national economic capability; 

(3)    The capital market’s capability is enhanced toward sustainability;

(4)    The capital market has an ecosystem that is suitable, flexible, and responsive in order to facilitate development and supervision so that they are in line with the changing landscape, and is ready to connect and is recognized in the international arena; 

(5)    Investors have the capabilities in developing strong financial health.

Alongside of the five key results, the SEC has initiated an innovative organization plan to be the key enabler that can help support the driving of Strategic Plan toward effective outcomes and key results. 

During the online conference, the SEC also hosted a panelist discussion, moderated by Ms. Siratthaya Isarabhakdi, on the topic, “SEC Strategic Plan and Economic Direction and the Capital Market 2022.” Guest panelists were Mr. Paiboon Nalinthrangkurn, Chairman of the Federation of Thai Capital Market Organizations (FETCO), Mr. Nonarit Bisonyabut, Ph.D., research fellow at Thailand Development Research Institute Foundation (TDRI), and Mr. Suppakrit Boonsat, President of the Thai Digital Asset Association. The panelists shared and reflected their views on the SEC Strategic Plan 2022 – 2024, in which their advice and suggestions are highly beneficial to the future development of the Thai capital market.