# SET reveals 3-year strategic plan to raise confidence in Thai capital market

- Link: https://www.thailand-business-news.com/set/123200-set-reveals-3-year-strategic-plan-to-raise-confidence-in-thai-capital-market
- Published: 2024-01-23T11:31:22+07:00
- Author: SET News

The Stock Exchange of Thailand (SET) has announced a 3-year strategic plan (2024-
2026) to elevate the confidence in the Thai capital market by enhancing market integrity
and competitiveness.

 * The Stock Exchange of Thailand (SET) is implementing a 3-year strategic plan 
   to enhance market integrity, competitiveness, and sustainability, leveraging 
   AI and technology to protect investors and support quality companies.
 * The plan focuses on increasing market confidence, attracting investments, and
   developing infrastructure to meet global standards while also supporting ESG 
   initiatives and promoting financial literacy.
 * Key achievements in 2023 included successful IPOs, improved trade surveillance,
   and efforts to create a market that works for everyone, with a commitment to 
   achieving net-zero emissions by 2050.

The plan aims to create a sustainable growth-oriented market by leveraging AI technology
for surveillance, supporting the registration of high-potential companies, and attracting
investors through roadshows.

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Additionally, there is a focus on developing infrastructure, promoting ESG practices,
and providing financial education to the public. The plan also highlights achievements
in fundraising, trading volume, and market development in 2023.

[The year 2023 has been a turbulent one](https://www.thailand-business-news.com/set/119564-another-year-of-scandals-scams-and-wild-moves-for-the-thai-stock-exchange)
for the Thai stock market, as several scandals, defaults and volatility have shaken
investor confidence and prompted regulatory reforms.

Excessive volatility in some shares, including the nation’s most valuable company,
and an accounting scandal that led to a bond default at a listed electric cables
maker are among the latest events that have shaken investor confidence.

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Stark Corporation, a wire and cable manufacturer, has been involved in a major financial
scandal. Executives and subsidiaries of the company are accused of doctoring financial
statements, engaging in fraud, and money laundering.

[The SEC recently said that it will pay more attention to bonds of companies](https://www.thailand-business-news.com/investment/123179-thai-sec-to-ramp-up-supervision-of-high-yield-bonds-following-defaults-and-accounting-scandal)
with no credit rating or low grades, requiring more disclosure on financial data.
This increased monitoring comes after a 19% decline in total domestic debt sales
in 2023, with high-yield corporate bond sales being a key factor.

**Source** : [ The Stock Exchange reveals its 2024-2026 plan to raise confidence
in the Thai capital market. Increase competitive potential Towards a capital market
with sustainable quality