# The Stock Exchange of Thailand (SET) is set to commemorate its 50th anniversary

- Link: https://www.thailand-business-news.com/press-release/142642-the-stock-exchange-of-thailand-set-is-set-to-commemorate-its-50th-anniversary
- Published: 2024-06-04T12:11:27+07:00
- Author: SET News

**SET celebrates its 50th anniversary with the concept of inclusive growth and sustainability.
Plans include becoming a regional exchange, enhancing fundraising opportunities,
digitalizing the capital market, and promoting sustainability practices.**

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The Stock Exchange of Thailand (SET) will commemorate its 50th anniversary, under
the concept “Make it ‘Work’ for Every Future”, **moving towards inclusive growth
and sustainability**. SET has outlined comprehensive action plans aiming at enhancing
its regional exchange status and broadening fundraising opportunities for businesses
of all sizes, both domestically and internationally, which includes limited to large
family businesses, foreign firms operating in Thailand, SMEs, and startups. The 
plan leverages on Thailand’s economic strengths, developing a digital-driving capital
market on top of the traditional one, improving operational efficiency and oversight,
and adopting advanced generative AI technology.

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SET President Pakorn Peetathawatchai highlighted that since its inception in 1975,
SET has been a cornerstone of Thailand’s financial infrastructure. As the exchange
approaches its 50th year, it is committed to becoming a platform that supports all
stakeholders. The “Make it ‘Work’ for Every Future” concept aims to create products
and services that meet the needs of all investors, promoting long-term sustainable
growth for businesses and driving the economy while ensuring environmental balance
and societal sustainability.

Pakorn outlined **five strategic goals for SET:**

**1. Strengthening SET as regional exchange**, moving towards regional fundraising
hub for both local and international companies, as well as becoming international
investment hub for local people to access global investment opportunities.

**2. Expanding fundraising opportunities**: Catering to businesses of all sizes,
including but not listed to large corporations, mega family business, foreign firms
with business operations in Thailand, new economy industries, SMEs, and startups.
Developing data platforms for listed companies has been enhanced to generate high-
quality data pools for data analytics such as Industry Highlights for all stakeholders
through SET’s and its partners’ channels.

**3. Digital-driving capital market**: Developing a digital-driving capital market
as an alternative for next generation investors while strengthening traditional 
market frameworks.

4. **Operational efficiency and regulatory oversight**: Enhancing operational systems
with AI technology to improve operating systems such as trading and listed company
supervision, an assistance system for small- and mid-cap stock analysis, and translation
of listed companies’ information or investment knowledge for foreign investors, 
as well as tailoring services to investors’ preferences (personalization).

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5. **Sustainability leadership:** Preparing stakeholders for sustainability trends
and regulatory challenges e.g. related to climate crisis, biodiversity, and human
rights.

Over the past five decades, SET has played a vital role in supporting the business
sector and capital market, facilitating fundraising for enterprises of all sizes
including the time under crisis conditions. With over 850 listed companies and a
combined market capitalization of THB 17.4 trillion (approximately USD 479.74 billion),
SET has seen a continuous rise in investor numbers, now boasting 5.8 million trading
accounts. SET has diversified its offerings to include products with foreign securities
as underlying assets such as DR, DRx, ETF and DW, and has upgraded

its infrastructure to support market expansion, including the development of a digital
assets trading platform, the adoption of ESG guidelines as best practices, and extension
of financial literacy. SET’s commitment to sustainability has positioned Thai companies
among the world’s most sustainable, reflecting the exchange’s dedication to balancing
economic growth with environmental and social responsibilities.

As part of its 50th-anniversary tribute in 2024 and 2025, SET will host various 
activities, including an exhibition at the Maruey Library, the publication of “5
Decades of SET” book and a series of communications via multiple channels.

SET will intensify its ESG efforts to push private sector towards sustainable environmental
management, supporting vulnerable people segment through the donation of ambulances
to Crown Prince Hospital, enhancing financial literacy among youth, and promoting
public health through table tennis and enhancing corporate governance (CG) among
business sector. Additionally, SET will host an ESG research competition this year
to promote corporate governance and sustainability practices among listed companies
and launch a book on securities and exchange laws.

**Source** : [SET to mark 50th year anniversary, embracing future opportunities for all](https://www.aseanexchanges.org/content/set-to-mark-50th-year-anniversary-embracing-future-opportunities-for-all/?rand=138677)