Thailand aims to become funding hub

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Traders at the Stock Exchange of Thailand

The Stock Exchange of Thailand is pushing to take over the role as ASEAN’s fundraising and investment hub from Singapore as the bourse becomes increasingly successful in convincing foreign companies to raise funds through Thai bond and stock markets.

While Singapore is struggling to maintain its reputation as a regional base for fundraising on the back of a sluggish economy and a maturing financial market (see our earlier story), Thailand is benefiting from ASEAN’s growth with the Stock Exchange of Thailand having been among the best performing capital markets worldwide in 2012. Investment activity has also been driven by China, Japan and India, Vorapol Socatiyanurak, secretary-general of the Thai Securities and Exchange Commission, was quoted as saying by the Bangkok Post.

“The Thai capital market should take this opportunity to support regional growth by offering new financial tools to foreign companies for fundraising,” he said.

For the start, fundraising would be focused on the Greater Mekong Subregion, mainly for infrastructure and energy projects.

The Securities and Exchange Commission has distinct strategies for 2013, including venture capital funds and private equity initiatives for small and medium-sized enterprises in the provinces, a capital market master plan focusing on corporate governance, law enforcement and self-disciplinary guidelines for corporations, as well as development of new financial products.

Recently, the commission allowed Thai firms investing overseas to raise funds from the SET by listing as holding companies or through infrastructure funds. The first company to do so is CK Power, which operates a hydropower plant in Laos and plans on the Stock Exchange of Thailand by the second quarter 2013. Several companies investing in China and Myanmar are also interested in raising funds in Bangkok.

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Reading Time: 1 minute

Traders at the Stock Exchange of Thailand

The Stock Exchange of Thailand is pushing to take over the role as ASEAN’s fundraising and investment hub from Singapore as the bourse becomes increasingly successful in convincing foreign companies to raise funds through Thai bond and stock markets.

Reading Time: 1 minute

Traders at the Stock Exchange of Thailand

The Stock Exchange of Thailand is pushing to take over the role as ASEAN’s fundraising and investment hub from Singapore as the bourse becomes increasingly successful in convincing foreign companies to raise funds through Thai bond and stock markets.

While Singapore is struggling to maintain its reputation as a regional base for fundraising on the back of a sluggish economy and a maturing financial market (see our earlier story), Thailand is benefiting from ASEAN’s growth with the Stock Exchange of Thailand having been among the best performing capital markets worldwide in 2012. Investment activity has also been driven by China, Japan and India, Vorapol Socatiyanurak, secretary-general of the Thai Securities and Exchange Commission, was quoted as saying by the Bangkok Post.

“The Thai capital market should take this opportunity to support regional growth by offering new financial tools to foreign companies for fundraising,” he said.

For the start, fundraising would be focused on the Greater Mekong Subregion, mainly for infrastructure and energy projects.

The Securities and Exchange Commission has distinct strategies for 2013, including venture capital funds and private equity initiatives for small and medium-sized enterprises in the provinces, a capital market master plan focusing on corporate governance, law enforcement and self-disciplinary guidelines for corporations, as well as development of new financial products.

Recently, the commission allowed Thai firms investing overseas to raise funds from the SET by listing as holding companies or through infrastructure funds. The first company to do so is CK Power, which operates a hydropower plant in Laos and plans on the Stock Exchange of Thailand by the second quarter 2013. Several companies investing in China and Myanmar are also interested in raising funds in Bangkok.

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