SET and SZSE team up to connect Thai listed companies to Chinese institutional investors, driving renewable energy business

Executives from the Thai capital market and listed companies are invited to share information on renewable energy business trend in Thailand and listed companies' transition to renewable energy business under a new context. The event attracts over 120 institutional and individual investors from China.

SET Senior Executive Vice President Soraphol Tulayasathien said that information on Thailand's renewable energy business transition and the potential of locally listed companies in the green energy business were presented at the virtual seminar. Climate change policy is prioritized by both Thailand and China in line with the global trend for energy consumption reduction to protect environment. In the same direction as the Thai government, which aims for a 30 percent of energy to come from renewables by 2037, carbon neutrality by 2050, and net zero greenhouse gas emissions by 2065.

As per the plan, SET has encouraged listed companies to put the environmental, social and governance (ESG) principles into practice and fully incorporate them into the operational process. The sheer number of Thai companies have adapted their businesses to be in line with the climate change goals and transformed their businesses to renewable energy. Furthermore, a growing number of investors now prioritize on sustainable investment in order to open up opportunities for long-term returns.

In this seminar, the capital market executives will present the updated information on "Green Energy Outlook and Investment Trends in Thailand & China" focusing on renewable energy business in Thailand. In addition, executives of three listed companies engaged in energy business namely B.Grimm Power pcl, Electricity Generating pcl, and RATCH Group pcl will also present their potential and business operation directions to build confidence among Chinese institutional investors and widen investment opportunities in the future.

In 2019, SET and SZSE signed a memorandum of understanding (MoU) with the intention of increasing opportunities exposure for Thai and Chinese securities, and connecting the two markets to increase fundraising alternatives through, e.g., cross-market product development, cooperation on Index-related matters and annual roadshows.

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