PUBLISHED : 27 Might well perhaps additionally 2025 at 05:51
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Finance Minister Pichai Chunhavajira says the government has to unencumber a few of the funding restrictions imposed by the Securities and Alternate Price (SEC) as he delivered a keynote speech at an funding seminar held on Monday. (Mutter: Ministry of Finance)
The government has dedicated to revising funding guidelines in the inventory market to help stimulate Thailand’s capital market.
In a keynote speech delivered at an funding seminar held on Monday, Finance Minister Pichai Chunhavajira talked about the government has to unencumber a few of the funding restrictions imposed by the Securities and Alternate Price (SEC).
As an illustration, he talked about existence insurance firms are on the 2d allowed to invest very diminutive in the inventory market, whereas definite funds which salvage a form of of billions of baht in resources are glorious permitted to put money into government bonds.
He added that it is also most important to amend the foundations referring to treasury stocks to make it less complicated for companies to engage in such practices.
Mr Pichai also referred to the SEC’s ongoing regulatory amendments aimed at building believe and self perception, noting that the organisation has amended legal pointers connected to snort brief selling, making it subject to each civil and prison penalties. He also referred to programme buying and selling, which desires to be normalised to ensure fairness.
Referring to the SEC’s authority to file lawsuits connected to market offences, Mr Pichai talked a few current draft law is being developed to grant it the authority to submit conditions to the prosecutor in main conditions. Currently discussions are underway on whether the SEC must salvage unbiased investigative powers or fragment investigative authority with the police.
He also spoke about digital resources, noting that there’s on the 2d each a Royal Decree on Digital Resources and the Securities and Alternate Act in situation, whereas investors in each markets have a tendency to belong to the the same crew.
Mr Pichai added that the government is also promoting the issuance of G-Tokens, allowing retail investors to gain entry to government bonds. These tokens would be purchased in objects with as a lot as six decimal places. Investing in G-Tokens is anticipated to yield greater returns than bank deposits. Additionally, issuing G-Tokens can help lengthen global awareness of Thai government bonds, he talked about.
Referring to cryptocurrency, Mr Pichai talked about in some countries it is permitted to make exercise of cryptocurrency for getting items, whereas in others it is linked to credit ranking playing cards. Credit card firms then change cryptocurrency by capability of platforms similar to Bitcoin exchanges and others, whereas sellers receive native forex.
On the opposite hand, in Thailand this practice is now not yet permitted. On the opposite hand, there might well even be concerns to hyperlink cryptocurrency with definite companies, but it no doubt would be performed below strict stipulations, he talked about.
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