Thai Stock Exchange Unveils Ambitious Three-Year Strategy

The Stock Exchange of Thailand (SET) has unveiled a new three-year strategic plan from 2022-2024 to further develop its capital markets. 

In the plan, the SET said that it will debut a new Thai Digital Assets Exchange (TDX) in Q3 in 2022 to cater to the growing institutional and retail interest in cryptocurrencies.

One of the plan’s initiatives include encouraging listed companies of all sizes to adopt ESG concepts with the aim of having the majority of publicly listed Thai companies to be recognized as leaders in ESG.   

An ESG Data Platform will also be launched to help provide buy-side traders with information concerning investing in sustainable stocks. 

The SET will also promote greater connectivity with other country’s capital markets through the launch of cross-border trading products, including depositary receipts, derivative warrants, and ETFs. 

In September 2021, Singapore Exchange (SGX) and the SET announced plans to introduce a depository receipt mechanism between the two markets. The first instruments will be issued by Q3 2022.

In October 2021 the Thai Securities and Exchange Commission (SEC) and the China Securities Regulatory Commission (CSRC) reached an agreement to cooperate on the development of cross-border products including ETFs, depositary receipts, indices, and green finance products.

Fractional products will start trading on SET by Q3 2022.

 Pakorn Peetathawatchai, president of the SET, center right.