He also promised to focus on developing the securities market to keep up with global capital market developments and digital technologies, as well as invigorate the sustainability market through ESG (environmental, social and governance) funds and carbon credits.
Regarding small and medium-sized enterprises, Kittipong said it was important for them to find new opportunities to raise funds, noting that they often experience difficulties in obtaining loans from financial institutions, resulting in them missing out on opportunities to grow their businesses.
Mr Kittipong said new products are being developed to make Thailand’s capital market more attractive and broaden the investor base, including tax-deductible mutual funds and mutual funds for young people.
Parents invest for their children, and mutual funds are used for the elderly.
He said the development of artificial intelligence (AI) mechanisms will also be accelerated to promote fairness and improve market infrastructure. AI will be used to check the balance sheets of registered companies engaging in suspicious activities, alert authorities to abnormalities, and provide investors with decision-making data.
Kittipong also envisions creating a stock market guide to be taught at school and university levels, which he said would improve students’ knowledge and understanding of investment and make the stock market more accessible to the younger generation.
