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SEC and AIMC discuss policy directions for developing asset management business as a mechanism for promoting long-term savings and sustainable investment



Wednesday 1 November 2023 | No. 201 / 2023


Bangkok, 1 November 2023 – The Securities and Exchange Commission (SEC) has convened a meeting with the Association of Investment Management Companies (AIMC) to discuss policy directions for developing asset management business as a mechanism for promoting long-term savings to support the aging society in Thailand. The parties also discussed the roles of asset management companies in sustainable investment whereby the environmental, social and governance (ESG) principles are taken into consideration for sustainable growth of Thailand.  

SEC Secretary-General Pornanong Budsaratragoon, along with the SEC Management Team, held the joint meeting with AIMC President Chavinda Hanratanakool and senior executives from 26 asset management companies on 30 October 2023 at the SEC Building. The meeting’s discussion focused on policy directions to enhance competitiveness in conjunction with the development of asset management businesses towards sustainability goal, and the promotion of long-term savings to support the aging society, an important goal under the National Strategy.  

The key takeaway from this meeting is that the SEC will provide policy-oriented support to the fund industry to promote long-term investment in mutual funds, aiming to foster financial well-being for youth education as well as post-retirement living. Additionally, a focus is given to human capital development for the benefit of national development. The SEC will also support the allocation of more funds to businesses that prioritize sustainability and benefits to the national economy. In this regard, the AIMC will consider various suitable fund models and benefit proposals in the future. Furthermore, the SEC will advocate for the integration of the country's pension systems and the development of provident funds to address the inadequacy of retirement savings, especially as Thailand enters the state of aging society.

"The SEC gives utmost importance to building trust and confidence in fundraising and investment, aiming to make the capital market a fundamental mechanism for sustainable economic growth. We will collaborate with the AIMC, which plays a key role in promoting mutual funds as an investment instrument for the benefit of the Thai capital market at large. Over time, the SEC and the AIMC have consistently worked together on various fronts, including industry supervision, promotion of savings and long-term investment and sustainability funds. This includes revision to regulations in line with current circumstances to foster trust and confidence in the Thai capital market. This meeting is a continuation of our collaboration and an elevation of our joint efforts to promote the sustainable development of asset management businesses and the Thai capital market," said SEC Secretary-General.

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Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 201 / 2023 Wednesday 1 November 2023
SEC and AIMC discuss policy directions for developing asset management business as a mechanism for promoting long-term savings and sustainable investment

Bangkok, 1 November 2023 – The Securities and Exchange Commission (SEC) has convened a meeting with the Association of Investment Management Companies (AIMC) to discuss policy directions for developing asset management business as a mechanism for promoting long-term savings to support the aging society in Thailand. The parties also discussed the roles of asset management companies in sustainable investment whereby the environmental, social and governance (ESG) principles are taken into consideration for sustainable growth of Thailand.  

SEC Secretary-General Pornanong Budsaratragoon, along with the SEC Management Team, held the joint meeting with AIMC President Chavinda Hanratanakool and senior executives from 26 asset management companies on 30 October 2023 at the SEC Building. The meeting’s discussion focused on policy directions to enhance competitiveness in conjunction with the development of asset management businesses towards sustainability goal, and the promotion of long-term savings to support the aging society, an important goal under the National Strategy.  

The key takeaway from this meeting is that the SEC will provide policy-oriented support to the fund industry to promote long-term investment in mutual funds, aiming to foster financial well-being for youth education as well as post-retirement living. Additionally, a focus is given to human capital development for the benefit of national development. The SEC will also support the allocation of more funds to businesses that prioritize sustainability and benefits to the national economy. In this regard, the AIMC will consider various suitable fund models and benefit proposals in the future. Furthermore, the SEC will advocate for the integration of the country's pension systems and the development of provident funds to address the inadequacy of retirement savings, especially as Thailand enters the state of aging society.

"The SEC gives utmost importance to building trust and confidence in fundraising and investment, aiming to make the capital market a fundamental mechanism for sustainable economic growth. We will collaborate with the AIMC, which plays a key role in promoting mutual funds as an investment instrument for the benefit of the Thai capital market at large. Over time, the SEC and the AIMC have consistently worked together on various fronts, including industry supervision, promotion of savings and long-term investment and sustainability funds. This includes revision to regulations in line with current circumstances to foster trust and confidence in the Thai capital market. This meeting is a continuation of our collaboration and an elevation of our joint efforts to promote the sustainable development of asset management businesses and the Thai capital market," said SEC Secretary-General.

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