# Thai Capital Market Supports ESGX IPOs; LTF Database Portal Launches May 2

- Link: https://www.thailand-business-news.com/markets/214281-thai-capital-market-supports-esgx-ipos-ltf-database-portal-launches-may-2
- Published: 2025-04-29T15:39:00+07:00
- Author: The Securities and Exchange Commission Thailand

**On April 28, 2025, Thai finance authorities announced a new initiative for ESG
investments, introducing tax incentives and a service for LTF holdings transfers
to bolster sustainability-minded investments in Thailand.**

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Bangkok, 28 April 2025 – The Ministry of Finance (MOF), the Securities and Exchange
Commission (SEC), the Association of Investment Management Companies (AIMC), and
the Stock Exchange of Thailand (SET) today jointly announced a collaborative initiative
to facilitate investments in Thailand ESG Extra Funds (Thai ESGX) and the transfers
of units of Long-Term Equity Funds (LTF), starting May 2, 2025.

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Facilitating this initiative, a new centralized service providing investors with
access to consolidated data of their LTF holdings will be available on SET website
to support their decision-making on LTF investment switching under the government’s
new tax incentive program. **The asset management industry projected that Thai ESGX
will attract not less than THB 20 billion (approx. USD 596.48 million) worth of 
investment.**

This initiative follows the government’s recent introduction of tax incentives aimed
at bolstering investments in ESG stocks and strengthening the Thai capital market.
These incentives apply to both new investments in Thai ESGX and the transfers of
existing LTF investments to Thai ESGX during a designated two-month window from 
May to June 2025, in accordance with the Revenue Department’s rules. The SEC has
established relevant regulatory guidelines governing the establishment and management
of Thai ESGX, and a total of 37 Thai ESGX from 19 asset management companies (AMCs)
are seeking the SEC’s approval.

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The asset management industry will begin offering Thai ESGX on May 2, 2025 while
the LTF investment transfer service will become available on May 13. Additionally,
investors will be able to access a consolidated dashboard of their entire LTF holdings
through a dedicated portal on SET website at www.set.or.th/ltf from May 2, 2025 
onwards to support their decision-making on the transfer of their investments from
LTFs to Thai ESGX for tax deduction benefits.

Fiscal Policy Office (FPO) International Economic Advisor Warotai Kosolpisitkul 
stated:

> “Following a wave of LTF redemptions in early 2025 which affected the Thai capital
> market, this tax incentive program has been initiated with aims to stabilize the
> market, bolster fundraising through SET, and promote investments in ESG stocks.
> The two-prong incentive for new and existing investments is 1) Tax benefits for
> new investments in Thai ESGX, and 2) Tax benefits for LTF transfers to Thai ESGX.
> These measures will provide investors with additional investment alternatives,
> expand the number of sustainability-conscious investors, increase the proportion
> of institutional investors focusing on sustainability-related stocks, and ultimately
> incentivize listed companies to adapt their businesses towards long-term sustainability.”

SEC Secretary-General Pornanong Budsaratragoon shared that the SEC is confident 
Thai ESGX will serve as a key mechanism for advancing ESG practices across various
business sectors and Thailand’s national sustainability agenda while also encouraging
greater public participation in the capital market through long-term investments.“
The SEC has expedited related regulatory adjustments, allowing AMCs to apply for
fund establishment and obtain approvals within the targeted timeline. Additionally,
the SEC has coordinated with AIMC, AMCs,  and the SET Group to provide unitholders
with convenient access to their consolidated LTF holdings. To qualify for the tax
incentive, unitholders must transfer their entire LTF holdings from all AMCs to 
Thai ESGX,” added Pornanong.

AIMC Director Theeranat Rujimethapass said on behalf of the Thai asset management
companies: “As asset managers, we are committed to ensuring that investments will
deliver long-term value for investors while supporting Thai capital market stability
and driving ESG excellence among listed companies working towards net-zero targets
and Thailand’s sustainability.” He also highlighted significant progress since the
December 2023 introduction of Thai ESG funds which includes higher investor participation(
252,403 unitholders as of end-2024), increasing assets under management (THB 33.07
billion as of March 31, 2025), and expanding coverage from approximately 200 listed
companies upon the initial launch of Thai ESG funds to over 440.

**Source** : [Capital market sector gears up to accommodate Thai ESGX IPOs and centralized LTF database portal launches on May 2](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11730&rand=113627)