JAKARTA - Chief Executive of the Capital Market Supervisory, Derivative Finance, and Carbon Exchange of the Financial Services Authority (OJK) Inarno Djajadi emphasized the importance of synergy between regulators and industry players in maintaining stability and resilience of the national capital market.
He said that solid collaboration between the OJK, the Self-Regulatory Organization (SRO), and market players was key in formulating policies that were responsive to the dynamics of the global economy to maintain resilience and stability of the Indonesian capital market.
"To maintain this, a good synergy and collaboration is needed, so that it will produce policies that are responsive and strategic," said Inarno in his statement, Friday, July 11.
To strengthen the capital market in terms of policy, he said that the OJK had taken a number of concrete steps, including encouraging an increase in the share of public shares (free float) for potential issuers to increase liquidity and expand investor participation.
In addition, he added that the OJK also made changes to POJK No. 30 of 2015 concerning the Realization Report on the Use of Public Offering Funds (LRPD), to improve the quality of issuer governance and provide protection for the investor community.
Inarno added that the OJK also perfected the provisions regarding the Electronic Public Offering of Shares (E-IPO), in order to improve the quality of offering stock securities in the primary market by adding public offerings and retail investor allocations.
According to him, the issuance of OJK Circular Letter No. 10 of 2025 is also a strategic step to facilitate the reporting of open company share ownership through electronic systems.
"With these policies, OJK hopes that the Indonesian capital market can be more transparent, inclusive, and develop," he said.
Meanwhile, IDX President Director Iman Rachman said that amid global uncertainty, including the trade war between the United States and China, the Indonesian capital market still shows positive resilience.
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"The Jakarta Composite Index (JCI) had decreased in April 2025 to 5,967, however, it has now recovered and reached 7,080. Overall, the JCI has increased 18 percent since 2020," he explained.
Furthermore, Iman also explained about IDX strategic initiatives that focus on protecting investors, deepening markets, and regional connectivity through sustainable and long-term efforts such as product diversification, increasing liquidity, modernizing infrastructure, and increasing institutional investor participation.
For 2025, he said that the IDX has set several targets including Foreign Index Future Contract (KBIA) with MSCI Hong Kong Listed Large Cap, data distribution format adjustments including dissemination of investor domicile codes at the end of the one-trade session, liquidity provider shares, Exchange Traded Fund Gold, Single Stock Futures (SSF), to Put Structured Warrant.
"To be able to realize the plan, the IDX requires support from all market players and stakeholders," he said.
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