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SET News :SET announces 2019-2021 strategic plan to become nation's one-stop capital market platform
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           SET News 6/2019
                                                                                
            January 31, 2019

SET announces 2019-2021 strategic plan to become nation's one-stop capital 
market platform

BANGKOK, January 31, 2019 - The Stock Exchange of Thailand (SET) sets out the 
three-year strategic plan (2019-2021) under a theme of "Creating Partnership
Platform to Drive Inclusive Growth" via four main strategies 1) Expand business
activities; 2) Explore new opportunities with technology; 3) Reform regulations
and streamline processes; and 4) Restructure business portfolio  to slim down
costs and broadening business opportunities for the entire capital market
industry, aiming to boost efficiency and become Thailand's one-stop capital
market platform that enables for the country's growth.

Furthermore, SET is committed to the capital market's sustainable development by
applying UN Sustainable Development Goals (SDGs)'s framework to achieve
sustainable development, focusing on four goals which are the 10th goal on
Reduced Inequalities; the 12th goal on Responsible Consumption and Production;
the 13th goal on Climate Action; the 17th goal on Partnerships for the Goals.

SET President Pakorn Peetathawatchai stated in three years (2019-2021), that SET
is poised to implement the strategic plan via four key strategies
"Expand-Explore-Reform-Restructure" by improving working efficiency and
diversifying into new businesses to make the capital market 'Work" for everyone.

SET's four-pillar strategy:
1)    Expand business activities: Increasing investor base in potential secondary 
provinces;  educating retail investors on investment planning for retirement and
investment tools; building a culture of investment through dollar-cost
averaging (DCA) approach; developing the capital market's standard common
infrastructure (front - middle - back office); and facilitating data
accessibility for capital market stakeholders; including setting up financial
knowledge platforms under partnership with the public and private sectors as
well as media.
 
2)    Explore new opportunities with technology: Scaling up to a full spectrum of 
digital transformation by creating an open utility platform, widening
accessibility to mutual funds through FundConnext platform's services for
cross-border fund distribution, interbank payment, online  account opening,
while connecting with international partnership to create business valuation for
 capital market, and preparing to build digital asset ecosystem.

3)    Reform regulations and streamline processes: Initiating one-stop service 
platform inclusive of initial public offering (IPO), supervision, post-trade,
sustainability development services, and expand services for other stakeholders
in the future, in order to eliminate duplicate processes, creating flexibility,
cutting down industry cost, as well as working with regulatory agencies to truly
 remove business operation obstacles.

4)    Restructure business model: Focusing on providing value added to stakeholders
in the capital market to sharpen competitive edge by identifying businesses
into three groups, namely core business, new business & infrastructure
development, and capital market development.
  
Summary of key developments and achievements in 2018
Business
- SET has been the most liquid market in ASEAN since 2012, with an average daily
 trading value of THB 57.67 billion (approximately USD 1.8 billion).
- 19 Thai listed companies have been selected as components of Dow Jones 
Sustainability Indices (DJSI), the highest number in ASEAN.
- 35 Thai listed companies have been selected as constituents of the MSCI 
Standard Index, with two additions from the previous year, the highest number of
 added stocks in ASEAN.
- SET introduced two new indices named "SET THSI Index (SETTHSI)" consisting of 
stocks, highly perform on environmental, social and governance (ESG)
perspectives; and "SET CLMV Exposure Index (SETCLMV)" which comprises of Thai
stocks, generating revenues from Cambodia, Laos, Myanmar and Vietnam (CLMV),
allows investors to get benefit from these growing economies.
- SET kicked off Thailand's first depositary receipt (DR) representing an 
exchange-traded fund (ETF), which invests in VN30 index that tracks performance
of the top 30 large-cap Vietnamese stocks.
- Thailand Future Fund Infrastructure Fund (TFFIF) emerged as the first 
SET-listed fund backed by state infrastructure projects.
Qualitative
- Thai capital market led ASEAN CG Scorecard, receiving the highest score in 
ASEAN.
- SET introduced C (Caution) sign to protect investors and retain listed 
companies' quality.
- SET encouraged a culture of continuous investment, with additional 63,000 
accounts adopting DCA approach.
- SET built financial literacy to additional 832,946 working-age persons from 
327 organizations.
- SET enhanced innovative creation in the capital market through "Capital Market
 Innovation Awards 2018" program.
- SET enhanced listed companies' awareness of combating global warming by 
reducing greenhouse gas emissions through Care the Bear project.
     
Recognition on global stage
- SET was the sole emerging and Asian exchange to be granted the United Nations 
Sustainable Stock Exchanges (SSE) Market Transparency Award at the SSE Global
Dialogue, demonstrating the exceptional sustainability disclosure practices of
Thai listed companies.
- Thailand Securities Depositary (TSD) won Best Central Securities Depositary in
Southeast Asia, reflecting development in working process and upgrade of
post-trade service to meet the global standards.
- SET received two awards: Best Stock Exchange in Advanced Emerging Market and 
Best Sustainable Securities Exchange in Southeast Asia Emerging Market, from a
UK-based magazine CFI.co.
- SET took a big step on the global stage by hosting international conferences 
for: the Association of Futures Market (AFM), the Greater Mekong Subregion (GMS)
Exchange CEOs Summit (GMS Focus), including the annual grand inbound roadshow
Thailand Focus to showcase the Thai capital market's potential among global
investors.

Infrastructure development
- SET adopted T+2 settlement cycle.
- SET signed a Memorandum of Understanding in cooperation with Clearstream, one 
of the world's leading international securities depositories, to conduct a study
 on cross-border fund trade.
- SET has allowed investors to use securities as collateral for margin at 
Thailand Futures Exchange (TFEX).

Digital service development
- SET rolled out the payment system infrastructure in order to enhance 
efficiency of the capital market's payment process.
- SET adopted a system that enables listed companies to submit lectronic 
document relevant to shareholders' meeting and annual reports using QR code and
URL.
- SET developed an application for securities professional license renewal.
- SET introduced an electronic identity verification system for capital market 
to connect with the national digital ID.

                                  "SET...Make it Work for Everyone"
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