Bangkok, The Stock Exchange of Thailand (SET) continues to drive the potential of family businesses in Thailand, aiming to increase their capabilities and expand opportunities for businesses to access funding sources in the capital market. The 2nd SET Annual Conference on Family Business: Family Business in the Globalized Asia will be held on August 1-2. Experts and consultants from leading international institutions will share stories of business growth paths, as well as strategies for achieving business success and steadily growing. Professor Emeritus Kittipong Urapipatanapong, Chairman of the Stock Exchange of Thailand, said that the SET places importance on and supports the drive for the ecosystem for the development of Thai family businesses, as family businesses are a strong foundation for the economy. The SET has an important strategic plan to promote entrepreneurs in terms of knowledge, tools and various work systems to increase capabilities, create professionalism in business operations and expand o pportunities for businesses to access funding sources in the capital market. Currently, family businesses account for 67% of all listed companies. Over the past 10 years since 2016, 76% of newly listed companies have grown from family businesses, and this trend has continued to increase. At the same time, the SET There is a new fundraising channel, the Life Securities Exchange (LiVEx), which is another mechanism for family businesses to expand their growth opportunities through the capital market. In 2023, the Stock Exchange of Thailand organized the first major seminar on family business, which was well-received. Therefore, it will be held continuously this year, 'The 2nd SET Annual Conference on Family Business' under the concept of 'Family Business in the Globalized Asia', in line with the needs of Thai entrepreneurs in the current era where Asia and the world are interconnected in terms of economy, trade and investment, society, and geopolitics. The event will focus on exchanging ideas and strategies tha t businesses can apply and practice. There will be experts and consultants from leading international institutions, such as Martin Roll, a global expert on family business and family offices, and Professor Winnie Qian PENG, an academic, consultant, and speaker at the international family business conference, who will share case studies of growing family businesses, as well as strategies for creating and adapting successful family businesses in Asia. In addition, there will be leading executives from various businesses, such as Central Group, Amata Corporation PCL, Suphara Group and GQ Apparel Co., Ltd., Banpu PCL, Toshiba Thailand Co., Ltd., AAPICO Hi-Tech PCL, and Jubilee Enterprise PCL, both founding executives and second and third generation heirs. To provide a perspective on family business management that requires importance in all dimensions in order to adapt to changes, be able to pass on the business and grow steadily. This year's seminar also has workshop sessions that allow attendees to participate in topics of interest and closely ask the speakers questions. Professor Emeritus Kittipong added that 2 out of 3 listed companies are family businesses, or 67 percent of companies listed on the stock exchange, whether on the Stock Exchange of Thailand or Market for Alternative Investment (mai), 575 out of 852 companies are family businesses, divided into 72 percent listed on the Stock Exchange of Thailand and 28 percent listed on the Market for Alternative Investment (mai), with a family business value of up to 8 trillion baht, creating a total of 1.3 million jobs, or 74 percent of all jobs in companies listed on the Thai stock exchange. Over the past 6 years, Thai family businesses have grown in terms of total assets, total revenue, and net profit. On average, from 2017 to 2023, family businesses accounted for 47.03 percent of total assets, 45.7 percent of total revenue, and 52.4 percent of net profit when compared to all listed companies. For the age of family businesses from the year they were founded unt il now, and are still listed on the Stock Exchange, the company that has been around for 148 years is OHTL Public Company Limited or Oriental Hotel. The average age of family business companies is 36 years, and there are 5 family business companies that are over 100 years old: OHTL, BJC, OSP, SCB, and SCC. It was also found that 295 family business companies had income from abroad, accounting for 68-69% of all listed companies with income from abroad. In 2023, this group of companies had income from abroad accounting for 42% of the total income from abroad of all listed companies, with a value of 2,492 billion baht. Professor Kittipong concluded by saying that family businesses sometimes have different opinions. If there is a family council, it will prevent conflicts and if the company can be listed on the stock exchange, it will be sustainable. The difficulty of family businesses is selecting the next generation of leaders because in Asia, men are still the leaders. In Thailand, there should be serious rese arch on successful family businesses to provide guidelines for business management for the next generation. This event was held at the Grand Hyatt Erawan Hotel, Bangkok. Source: Thai News Agency