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23 Apr 2019 14:05:00
SET News :SET signs MoU with SZSE to strengthen Thailand-China capital market collaboration
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SET News 25/2019
April 23, 2019

SET signs MoU with SZSE to strengthen Thailand-China capital market 

BANGKOK, April 23, 2019  - The Stock Exchange of Thailand (SET) today signed a 
memorandum of understanding (MoU) with Shenzhen Stock Exchange (SZSE) to expand
business opportunities for Thai and Chinese small and medium-sized enterprises
(SMEs) and broaden opportunities in investment as well as promoting cross-border
 collaboration among the two countries.

SET President Pakorn Peetathawatchai said, "The MoU between SET and SZSE, 
spanning five years from today (April 23, 2019), marks a key milestone for SET
and SZSE to foster closer collaboration for capital markets and SMEs between the
two nations, reinforcing SET's strategic plan to explore new opportunities by
connecting with international partners."

Under this MoU's strategic framework "China-Thailand SME Capital Market Service 
Initiative", SET and SZSE will provide information on SMEs as well as financial
markets of the two countries via online portal, and enhance "ChiNext-mai
Alliance" network which aims to facilitate the communication and cooperation
between companies listed on Market for Alternative Investment (mai) and ChiNext
Market; to arrange business matchings and physical roadshows to promote Thai and
Chinese securities' growth potential in both countries. The agreement also
embraces cooperation for cross-border product development such as
exchange-traded funds (ETFs), depositary receipts (DRs), and indices, including
green finance products, among others, added Pakorn.

SZSE Executive Vice President Li Hui said, "The SZSE and SET have maintained 
long-term close communication and exchanges. We will continue cooperation on the
China-Thailand SME Capital Market Service Initiative jointly promoting the
cross-border innovation capital formation and facilitating the economic
integration and development of the two countries in 3 areas: cultivation of
technology start-ups, forming an alliance for growth markets of the two
countries and exploring new channels for two-way financing and investing."

This MoU signing will broaden Thai-Chinese relations after an MoU signing in 
March between SET and China Economic Information Service (CEIS) of Xinhua News
Agency focusing on information exchange to enhance economic and investment
development in Thailand and China.

About The Stock Exchange of Thailand
The Stock Exchange of Thailand (SET) is among the most liquid exchanges in Asia,
providing a full range of investment products including equities, derivatives,
as well as world-class trading, post-trade infrastructure/technology services in
accordance with international practice (EMEA and PFMI). Going forward, SET's
vision "To Make the Capital Market Work for Everyone" is aligned with the aim to
support strong economic growth and competitiveness. Globally and regionally,
SET has also actively coordinated with other exchanges to boost investment
opportunities and capital market growth potential. Moreover, SET puts strong
emphasis on sustainable growth by promoting listed companies' business models
that care for environmental, social and governance (ESG) practices.

About Shenzhen Stock Exchange
Shenzhen Stock Exchange (SZSE), established on 1st December, 1990, is a 
self-regulated legal entity under the supervision of China Securities Regulatory
Commission (CSRC). SZSE is committed to developing China's multi-tiered capital
market system, serving national economic development and transformation and
supporting the national strategy of independent innovation. SZSE has three
market segments namely Main Board, SME Board, ChiNext, serving companies of
different characteristics. As of December 2018, there were 2,134 listed
companies on the SZSE (ranking No.11 in the world according to WFE) with a total
market capitalization of about USD 2.41 trillion (ranking No.8). The trading
value is about USD 7.56 trillion for the year of 2018 (ranking No.3).

"SET... Make it Work for Everyone"