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SET and TPEx sign MoU to enhance capital market development

The Stock Exchange of Thailand (SET) and Taipei

Exchange (TPEx) signed the memorandum of understanding (MoU), heralding a closer

collaboration to promote development between Thai and Taiwanese capital markets

through information sharing, products and services development, cross-border

transaction enhancement including human resource exchange and training, aiming

to expand investment opportunities for investors and stakeholders.

SET President Kesara Manchusree said, "Since 2008, SET and TPEx have established

and enhanced collaboration to synergize concerted efforts on capital market

development between the two exchanges. The renewed MoU, with five-year term

starting from November 1, 2016, will facilitate knowledge and experience

sharing, especially nurturing growth among small and medium enterprises or SMEs

and bond market, which is in line with SET's plan, while TPEx's has long

experience in bond over-the-counter market. The MoU also outlines closer

cooperation to jointly develop new products and services including, facilitating

the dual-listing, as well as studying the possibility of developing gold and

mutual fund platform and cross-listing other financial instruments such as

depository receipts and others. Both exchanges will also develop networking

mechanisms and business matching activities for market participants."

Li-Chen Chang, Managing Director & CEO of TPEx, commented, "This agreement is

intended to promote mutual benefits in developing securities markets in both

countries.I believe that closer cooperation between TPEx and SET will complement

and facilitate the development of both financial markets and further enhance

the economic ties between Taiwan and Thailand."

Source: The Stock Exchange of Thailand