ASEAN Economic Community : AEC
​• Over 600 million population, nearly half of which lives in our nearby countries
​• Indian and Pacific oceans provide connection to global opportunities
​• Thailand’s strategic location as an in-land AEC creates linkage to other in-land countries and situates in between the two emerging economies, e.g., China and India.
​• Sharing over half of the world’s purchasing power, 3,000 billion people of which is in our nearby countries
Why should ASEAN capital market be integrated?
​​• The combined size of ASEAN capital markets is the world’s eighth largest capital market.


Long-term goals for ASEAN Capital Market Integration
(Source: ASEAN Finance Minister Meeting 2009)
​1) capital can move freely;
​​2) issuers are free to raise capital anywhere; and
​​3) investors can invest anywhere.
​​4) capital market intermediaries being able to provide services throughout ASEAN based on home country approval.
Strategic Directions
​• Build global trust in ASEAN standards
​• Enhance ASEAN regulatory standards in line with international standards
​• Establish mutual recognition regimes whereby one regulator can rely on another regulator’s standards
​• Facilitate flow and access into ASEAN capital market
​​• Provide assistance to newly-developed capital markets in ASEAN.
ASEAN Capital Markets Forum (ACMF) initiatives: 
​• The ASEAN Corporate Governance Scorecard provides investors with benchmark for comparing listed companies across countries.
​• ASEAN Prospectus facilitates all issuers who make multi-jurisdiction offerings of plain equity and debt securities within ASEAN Fast-track Dual Listing facilitate listing process among the three stock exchanges Malaysia, Singapore, Thailand) 
​​• Mutual Fund Passport allows cross-border offering of qualified mutual funds among the three markets (Malaysia, Singapore, and Thailand), ASEAN Trading Link started among the three markets (Malaysia, Singapore, and Thailand) to facilitate cross-border trading and attract global investors.
​• ACMF website
The SEC Aspiration
​• Neighboring countries level – The SEC facilitates corporates in neighboring countries to use the Thai capital market as funding source and acts as a connector for investment among neighboring countries and global investors.​
​• Regional level – The SEC works toward harmonization and mutual recognition of  regulations and standards to facilitate cross-border offering and trading, increase  investment alternatives, and enhance ASEAN capital markets’ attractiveness .
​• Global level – The SEC ensures regulatory frameworks are of international standards.