Thailand Moves To Revive Stock Market With Listing Reforms

Thailand has unveiled a new plan to simplify stock-listing rules and attract more international investors as part of its drive to revitalise the local capital market. The “Thai Capital Market Attractiveness Initiative,” jointly announced by the finance ministry, market regulators, and industry groups, seeks to strengthen investor confidence and reestablish Thailand as a regional fundraising hub. Stock Exchange of Thailand President Asadej Kongsiri said the country must attract more “New Economy” companies to restore foreign participation. The SET index has declined over 7% this year, with foreign outflows totalling about USD2.9bn. Built around four pillars — Quality Demand, Attractive Supply, Trusted Market, and Supportive Ecosystem — the initiative also extends to bond and digital market development.