The Cabinet on 15 July 2025 approved the financial hub draft bill, which had been scrutinized by the Office of the Council of State and will be forwarded to the House of Representatives for consideration in its first reading.

The draft bill, proposed by the Ministry of Finance, was previously approved by the Cabinet on 4 February this year and was submitted to the Council of State for scrutiny.

It aims to move Thailand toward becoming a regional financial hub. The draft bill seeks to overhaul the licensing and regulatory framework under this financial hub initiative, so that it will be comprehensive and conducive to business operations.

It is also intended to attract investment. In this regard, a major agency will be established to set policies to promote Thailand as a financial hub and develop a financial industry ecosystem, as well as personnel and infrastructure, in response to the demands of global financial companies.

Moreover, details of target businesses within the financial hub will be specified. The Office of the Regulatory and Promotion Committee for the Financial Business Hub will be established as a One-Stop Authority (OSA). The draft bill will also define qualifications for business operators, the mechanism for seeking licenses, benefits to attract investors, and regulatory frameworks that are efficient and in line with international standards.

The Cabinet instructed the Ministry of Finance and other relevant agencies to launch public relations campaigns to create better understanding among the general public about this draft bill, which is an effort to push for Thailand’s economic growth and the development of its financial businesses.