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