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Dr. Chaiyawat Wibulswasdi
Chairman
The Stock Exchange of Thailand
The Thai capital market these days has encountered many fluctuations and changes, resulting from either domestic or
global incidents. They are not only economic issues but also social and environmental ones, such as political problems,
workforce issues, and climate change. These factors affect investor confidence, the SET Index, and long-term
capital market growth. The Stock Exchange of Thailand (SET) thus keeps focusing on boosting confidence in the
capital market by promoting good corporate governance and efficient risk management among the listed companies.
SET also promotes business innovations based on economic, social, and environmental aspects, as this would allow
business to grow continuously despite having to go through challenging circumstances. Stronger businesses would
also help facilitate sustainable economic and social development.
To become a sustainable capital market, SET has continuously
focused on the quality of investors. Retail investors, in
particular, contribute 59% of total turnover value, thus
playing a dominant role in market liquidity. Financial
literacy and investment knowledge of these investors is
priority because investors with proper and sufficient
information can plan their investments prudently. This
leads to enhanced quality of the capital market.
SET has also been promoting the “responsible investment”
concept. In addition to financial information, SET encourages
investors to take environmental, social, and governance
(ESG) information of listed companies into consideration,
since this information reflects the companies’ long-term
potential and could enhance investors’ confidence.
To promote long-term development of the economy,
SET, in conjunction with related parties, has been working
to raise quality and capital market standards to be
recognized internationally. SET also provides support to
small and medium-sized enterprises as well as startups to
efficiently access the funding channels. SET has cooperated
with social and business sectors in the capital market
to promote social impact investment through social
enterprises (SEs). These efforts help the enterprises
expand and empower the value chain of the capital market,
economy, and society towards sustainability.
Upon embarking on the SET’s 5
th
decade, the Exchange
is moving forward to becoming a sustainable corporation
under the long-term 2020 vision
“Towards Sustainable
Growth”
. SET will continue to improve the standard of firms’
corporate governance to be recognized and used as role
models in the capital market. SET also takes ESG-related
risks into consideration to ensure that management is
effective and capable of coping with changes in the
economy, society, and environment. SET staff will be
prepared to offer the best quality products, services, and
innovations, in order to create added value to the
Exchange’s stakeholders and the overall capital market.
SET is confident that the synergy resulting from stakeholder
engagement is the major mechanism building up the
immunity of the capital market. Such synergy helps
promote continuous economic growth, distribute wealth
to communities, and develop their quality of life in a
sustainable manner.