CMDF

In the aftermath of the Thai stock market crash in1979,the government and the private sector joined hands to set up the Capital Market Development Fund (CDF)... CDF was the product of the initiative of the Ministry of Finance and the Bank of Thailand with financial institutions and other orgnisations related to capital market development participating in its inception... The Capital Market Development Fund (CDF) was established on August 3, 1979. Its main objectives were twofold, namely stabilization of stock prices and restoration of investor confidence to encourage stock market investment. CDF was not aimed at profit making and it would not be used for market intervention when market liquidity was at normal levels.