Bangkok, Aug. 7 – SET joins hands with CGS-CIMB Securities to launch the "ASEAN INVESTMENT CHALLENGE 2023" project, trading stocks for students from 4 nations, Thailand, Singapore, Malaysia, Indonesia, trading competitions focusing on sustainable investment. based on ESG concept
recently The Stock Exchange of Thailand (SET) in collaboration with securities companies CGS-CIMB (Thailand) Co., Ltd. held the opening ceremony of the project "ASEAN INVESTMENT CHALLENGE 2023 by CGS-CIMB" at Sukree Auditorium. Kaew Charoen, The Stock Exchange of Thailand Building
said the stock market Recognizes the importance and has implemented investment promotion for the new generation in various dimensions, including training, seminars and workshops to educate. dissemination of investment information through comprehensive media especially digital media Including organizing activities with securities companies and educational institutions continuously. Investment is accepted by investors around the world, including Thai investors. and is the definition of a new generation investor because in addition to reducing the risk It also increases the opportunity to generate stable returns in the long term as well. which the stock exchange Sustainable investment is promoted in various areas. By collecting and disseminating sustainability information (ESG Information) of Thai listed companies on the settrade website.
Mr. Patcharanon Cheewkriengkrai Chief Executive Officer CGS-CIMB Securities (Thailand) said at the opening ceremony that the project focuses on sustainable investment according to ESG guidelines, which is a trend that the world is focusing on. and prepare for students It is a project that has been organized for the second year. This year will focus on the concept of sealing investments with foreign stocks. Because the value of all assets under management of the company (Asset under management: AUM) has a very high level of risk appetite (Risk Appetite) of foreign investment. So start by investing in neighboring countries first.
Ms. Jomkwan Kongsakul Deputy Secretary-General of the Securities and Exchange Commission (SEC) around the world pays attention to global warming. By the United Nations, member countries around the world set a common goal to reduce global warming. which is directly related to the concept of ESG, the SEC as a capital market regulator therefore focusing on promoting entrepreneurs who focus on sustainability which in addition to helping to take care of the environment Also attracts investment, with the SEC also emphasizing that listed companies disclose their social responsibility in their annual report as well. According to research, Gen Z youths are concerned about the environment, so the SEC therefore Emphasis on educating youth Build a sustainable capital market ecosystem
The competition project "ASEAN INVESTMENT CHALLENGE 2023 by CGS-CIMB" aims to develop and increase investment knowledge. and stock trading in the stock market both domestically and internationally for university students can develop knowledge Understanding of investing in stocks taking into account the potential for sustainable growth to create positive impacts on the economy, community and environment Based on ESG concepts, students will be able to apply techniques and experiences gained from competitions. to apply in real investment to create experience in competing in the national arena and the ASEAN region The top 10 national winners will receive a total prize money of more than 100,000 baht and the top 3 winners will continue to compete at the regional level for a total prize money of more than 1,000, 000 baht, which will be a competition to propose investment plans with students from Singapore, Malaysia and Indonesia. “Thai students are as talented as other nations in the region.” Interested candidates can apply until September 15, 2023. See details at www.aseaninvestmentchallenge.com.-Thai News Agency
Source: Thai News Agency