FETCO Press Release: July 6, 2026
FETCO announces vision to “Elevate Thailand’s Capital Market to Global Standards”, aiming to become ASEAN’s leading capital market and transition to a developed market within 15 Years
Paiboon Nalinthrangkurn, Chairman of the Federation of Thai Capital Market Organizations (FETCO), announced the FTECO’s long-term vision and strategic direction under the theme “Elevating the Thai Capital Market to a Global Standard”. This vision aims to strengthen the capital market as a key mechanism for capital allocation, enhance national competitiveness to support the new economy, drive Thailand toward becoming a high-income economy, and earn global recognition for innovation, transparency, fairness, and good governance.
Paiboon stated that the Thai capital market plays a crucial role in national economic development regarding fundraising, savings, and investment allocation. However, in recent years, the market has faced intensifying competition, rapid technological shifts, and evolving investor behaviors. Consequently, elevating the Thai capital market requires active collaboration among the government, private enterprises, and regulatory bodies to collectively build a globally competitive capital market ecosystem.
Short-Term Goal (2026–2028)
During this chairmanship term, FETCO aims to sharpen the Thai capital market’s competitive edge. Key milestones include securing long-term liquidity, strengthening the investor base, aligning regulatory frameworks with international standards, and offering investment products tailored to the new economy. FETCO will also focus on fostering an ecosystem anchored in good governance, transparency, and sustainable growth to reinforce investor confidence and support both public and private sector fundraising to unlock the country’s economic potential.
5 Pillars to Elevate the Thai Capital Market
To drive these goals forward, FETCO will execute its plans under 5 strategic pillars:
- Demand Side: Expanding the Investor Base
Aiming to build a robust domestic long-term investor base by promoting an investment culture through the TISA project and pushing for the establishment of the National Pension Fund. Strategy targets include attracting long-term capital from foreign funds and Global High-Net-Worth (HNW) individuals, creating incentives to repatriate Thai capital invested abroad back into the local market, and advocating for legal amendments to expand private sector investment opportunities.
- Supply Side: Enhancing Market Potential and Attractiveness
Developing products and fundraising mechanisms tailored to the new economy. This includes boosting the liquidity of infrastructure funds, supporting the listing of future-industry enterprises on the stock exchange, pushing for tax and regulatory privileges for companies under the Jump+ project, increasing capital access for large SMEs, and modernizing regulations to facilitate technology firm fundraising.
- Ecosystem & Infrastructure: Developing Market Structures and Reducing Barriers
Upgrading capital market infrastructure by bridging traditional capital markets with digital asset markets, developing a centralized investment data system, establishing an SME Credit Scoring Agency, and amending trust laws to better accommodate future asset management and estate planning.
- Trust & Confidence: Enhancing Governance and Market Assurance
Pushing for rigorous law enforcement, proactive supervision, the establishment of a specialized Capital Market Court, bankruptcy law amendments, and the revision of relevant rules and regulations to strengthen market integrity and enhance investor protection.
- Investor Relations: Elevating Investor Communications
Driving Government Outbound Roadshows to promote the Thai capital market to global investors and organizing regular “Government–Capital Market Dialogue” activities to reinforce confidence. FETCO will also continue to compile and publish the monthly FETCO Investor Confidence Index, while actively sharing economic and investment insights across key domestic and international forums.
Medium-Term Goal: The Capital Market Leader in ASEAN by 2032
FETCO aims for Thailand to become the leading capital market in ASEAN across fundraising capacity, liquidity, investor base, and financial innovation. The goal is to position Thailand as the preferred listing destination for high-quality regional companies, capable of attracting global long-term capital while serving as a core engine to enhance national competitiveness and support Thailand’s transition to a high-income country.
Long-Term Goal: Developed Market Status by 2040
Over the long term, FETCO aspires to transition Thailand into a “Developed Market” featuring a highly resilient, world-class capital market ecosystem. This vision encompasses deep and diverse product offerings, steady liquidity, a robust investor base, and seamless global accessibility. Built firmly on transparency, good governance, and sustainability, the market will serve as the bedrock of Thai economic development, securing the country’s competitive edge as a sustainable high-income nation.
Paiboon concluded, “A strong capital market is not just a goal for the capital market; it is a vital mechanism for unlocking the entire nation’s potential. If Thailand intends to transition into a high-income nation and compete effectively in the global economy, our capital market must evolve to become more modern, transparent, and innovative while strengthening trust among both domestic and international investors.
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