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The Stock Exchange of Thailand (SET) is today organizing the fifth "GMS Focus", the Greater Mekong Subregion (GMS) exchange CEOs summit, in which executives from the stock exchanges and regulators of Cambodia, Vietnam, Laos and Myanmar are participating to exchange expertise and experience of establishing infrastructure fund, eventually aiming to formulate a joint infrastructure fund to broaden fund-raising and investment alternatives in the region.
SET President Kesara Manchusree said SET has continuously hosted GMS Focus for the fifth time to date, with the purpose to be a venue for collaborative discussion in developing and reinforcing capital markets in each country and across the region. Discussion topics in the past four meetings focused on various areas covering capital market knowledge development, corporate governance, the upgrading of accounting standards of listed companies in each country, fundraising opportunity creation, cross-market investment connection, regional clearing and settlement efficiency enhancement, as well as the building of institutional investor base. It’s worth noting that the GMS stock exchanges have successfully launched the GMS exchanges’ information center on SET website at www.set.or.th/en/gms_exchanges to be a main channel for investors to access to investment information, list of stock brokerage companies and the stock prices of GMS stock exchanges.
In accordance with the government’s initiative to drive the economy through infrastructure investment and the policy to cooperate with Cambodia, Laos, Myanmar, Vietnam (CLMV) countries in jointly setting up infrastructure fund in the future, this summit will be highlighting the importance and benefits of the establishment of local infrastructure fund. It will be a fundraising instrument for both the public and private sectors for new development projects in order to manage the financial structure, reduce debt-to-equity ratio to an appropriate level, as well as enhance flexibility in raising funds for the country’s development.
In the conference, executives from the Securities and Exchange Commission (SEC) Thailand, representatives from BBL Asset Management and financial advisors from Phatra Securities pcl will share their experience in rolling out infrastructure fund in key aspects such as its values, benefits, and obstacles. In addition, the guidelines for development with government support and the benefits of infrastructure fund in boosting liquidity for the GMS capital markets will be raised for discussion. High-ranking executives of the stock exchanges and regulators from Cambodia, Laos, Myanmar, and Vietnam are participating in the summit. This is considered the first time for representatives from Yangon Stock Exchange and Securities and Exchange Commission of Myanmar to attend the summit.
In addition to this summit, the top executives of the stock exchanges in GMS will also attend an exclusive “Thailand’s Big Strategic Move” forum, in which the national strategy and implementation of key projects aiming to drive the country’s growth toward “Thailand 4.0” model will be presented, on June 22, 2017 in Bangkok.
