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Agricultural Development Bank of China
InfoQuest

Thai SEC readies funding support law for SMEs and start-ups

March 02, 2020


Abstract : Ms. Ruenvadee Suwanmongkol, secretary-general of Thai Securities and Exchange Commission (SEC), revealed the progress concerning regulations to facilitate small and medium-sized enterprises (SMEs) and start-ups to raise funds through capital markets.

Infoquest, (Feb. 27, 2020) -- At the SEC FinTech for SMEs and Startups: Innovation for Financial Inclusion, Ms. Ruenvadee Suwanmongkol, secretary-general of Thai Securities and Exchange Commission (SEC), revealed the progress concerning regulations to facilitate small and medium-sized enterprises (SMEs) and start-ups to raise funds through capital markets. She said the effort to raise funds through the primary market is still in the public hearing process, and relevant regulations are expected to be rolled out in the first quarter of 2020.

As for the secondary market, the SEC is in ongoing discussions with the Securities Exchange of Thailand (SET), in particular to define various standards and the business size suitable for the secondary market. A clear conclusion is expected within this year.

"It is expected that regulations for the primary market will be issued in the first quarter of 2020 to provide investors with the opportunity to learn relevant information and try their hand at it, while the work in the secondary market will also be gradually advanced."

Addressing the topic "Technology Opening the Door to Thailand's Capital Markets for SMEs and Startups", Ms. Ruenvadee proposed eight key elements, including FinTech for SMEs & startups, which is also the fundamental purpose of this event. Meanwhile, business matching will also be launched, and FinTech solution will be used to introduce fresh talents to help develop solutions to effectively tackle all kinds of problems. And the access to funding, unleashed for the first time, will give SMEs and startups the chance to raise capital through the capital market, but the SEC limits investors to institutional investors, private equity (PE) funds, venture capital (VC) firms, angel investors and investors with investment expertise.

The next key element is crowdfunding, which means utilizing digital platforms to create opportunities for businesses and investors and bring them together. The SEC will also support digital infrastructures to use block chains to build efficient channels for all users of the capital market, and SEC Caravan to enable meetings with interested investors in local provinces to provide accurate investment information to businesses that need to raise funds. 24/7 Financial Clinic will provide advice and suggestions to enterprises and collaboration mechanism will help integrate resources and promote cooperation among all parties.

Source: InfoQuest, by Pacharatorn Phoomkham / Sasithorn, translated by Xinhua Silk Road.

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