[Thailand plans to relax financing restrictions for start-ups] On September 9, the Thai cabinet held a meeting on the 8th and passed the draft of the "Start-up Enterprise Promotion Act", which plans to relax restrictions on financing and equity management of start-ups, improve policy support mechanisms, and create a more flexible institutional environment for the development of start-ups. According to the draft, eligible start-ups can obtain relevant rights and benefits for a period of five years, and the support period for enterprises in specific fields can be extended to a maximum of 10 years. In principle, the applicant company should be a limited company established no more than 10 years ago, with an average annual income of no more than 300 million baht in the past three years, and no profit distribution before. In terms of financing, the draft intends to give start-ups more room for capital operations, including issuing stocks to the public, issuing corporate bonds, allowing debt to be converted into equity, and converting preferred shares into common shares, etc., subject to compliance with regulations. In addition, companies can attract and retain talents through mechanisms such as share vesting, and are allowed to hold their own shares for employee stock ownership plans and to attract investors.