OJK Pursues Fund Collection At The Capai Capital Market Of IDR 200 Trillion

Indonesian capital market (photo; Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) targets fundraising in the Indonesian capital market to reach IDR 200 trillion by 2023.

According to data, until August 9, 2023, the Indonesian capital market has managed to raise funds of IDR 165.22 trillion from all instruments on the Indonesia Stock Exchange (IDX).

"The Chief Executive of the Capital Market Supervisory, Derivative Finance and OJK Carbon Exchange, Inarno Djajadi, said that efforts to raise funds this year will be more difficult, when compared to last year's which the IDX managed to raise funds of Rp233 trillion from all instruments," he said during the commemoration of the 46th Anniversary of the Indonesian capital market at Main Hall IDX, Jakarta, Thursday.

The reason is, he said that volatility has not subsided at the global level, plus the momentum ahead of the 2024 General Election (Pemilu) which will affect fund raising.

"In our target, this year is IDR 200 trillion. It looks at the condition of 2023 which is different from 2022. Global uncertainty has not subsided, then there is also an election (2024 election), it will affect fundraising," said Inarno quoting Antara.

In terms of recording the securities, until August 9, 2023, the IDX has managed to record 62 listings of stock securities with a fund increased value of IDR 49.15 trillion, 70 bond emissions, 2 new Exchange-Trad Fund (ETF), 1 Asset-Surat Participation Securities (EBA-SP), and 82 Structured Warrants throughout 2023.

As of August 8, 2023, the number of Indonesian capital market investors recorded in PT Kustodian Sentral Efek Indonesia (KSEI) increased by 1.15 million investors to 11.47 million Single Investor Identification (SID), stock investors, bonds, and mutual funds.

On the same occasion, Chairman of the OJK Board of Commissioners Mahendra Siregar said he was determined to continue to strengthen the integrity of capital market players, so that it would have a positive impact on the Indonesian economy.

He mentioned strengthening the integrity of the capital market, one of which is to increase protection for investors and the public.

"We continue to improve integrity. The integrity of market players, the integrity of stock exchange members, the integrity of their products, the integrity of issuer companies, cross-professional control of the capital market, SRO, and supervisors and regulators," said Mahendra.