ASIATODAY.ID, JAKARTA — Indonesia has sharpened its ambition to push its capital market into the ranks of the Top 10 Global Exchanges as the Financial Services Authority (OJK) and Self-Regulatory Organizations (SRO) convened the CEO Networking 2025 forum on Tuesday, November 18, 2025.
The annual gathering served as a strategic platform to strengthen collaboration among regulators, issuers, investors, and industry leaders in building a more resilient and competitive capital market.
OJK Chairman Mahendra Siregar emphasized that Indonesia’s Capital Market must evolve into a robust, inclusive, and sustainable engine of national development—capable of withstanding global geopolitical turbulence.
“Indonesia’s capital market must not only withstand global disruptions but also become a central driver of inclusive and sustainable national development,” Mahendra said during the event themed Managing Global Trade and Empowering Business Strategy.
Capital Market as a Long-Term Pillar of Economic Development
Mahendra highlighted that prolonged global uncertainties require adaptive strategies from all players within the financial services sector.
The capital market, he noted, holds a strategic role as a source of long-term financing that is credible, efficient, and aligned with Indonesia’s industrial transformation agenda.
He emphasized three fundamental pillars essential for strengthening industry competitiveness:
1. Good Corporate Governance (GCG)
Transparency and accountability are the foundations for preserving investor trust.
2. Continuous Innovation
From digital transformation and operational efficiency to inclusive and environmentally conscious services.
3. Strong Capital Structure
Adequate capitalization is crucial for growth, expansion, and innovation amid global volatility.
“GCG provides direction, innovation provides speed, and capital provides strength,” Mahendra underscored.
IDX Pushes for Higher Liquidity and Investor Confidence
Indonesia Stock Exchange (IDX) President Director Iman Rachman pointed to shifting investor behavior, including evolving preferences in traded shares.
These changes, he said, reflect a more dynamic and diverse market with broader opportunities for issuers.
To strengthen liquidity, IDX continues to promote issuer participation in the Liquidity Provider Program, a key initiative designed to enhance trading activity and ensure fair valuations.
“With rising investor interest beyond major benchmark indices, the Liquidity Provider Program is essential to keep shares actively traded, trusted, and optimally valued,” Iman stated.
He reiterated IDX’s commitment to building a capital market that is innovative, transparent, inclusive, and globally connected, supporting Indonesia’s target of joining the Top 10 Global Exchanges by market capitalization.
Strengthened Synergy Through CEO Networking 2025
The 2025 edition of CEO Networking brought together approximately 460 CEOs from issuers, broker-dealers, investment managers, industry associations, and various capital market stakeholders. The event commemorates the 48th Anniversary of the Re-Activation of Indonesia’s Capital Market.
Key speakers included:
Masyita Crystallin, Director General of Fiscal Balance and International Cooperation, Ministry of Finance
Hery Gunardi, President Director of Bank Rakyat Indonesia (BRI)
Aliyahdin Saugi, President Director, Allianz Global Investors Indonesia
Hilmi Panigoro, President Director of Medco Energi (Inspiring Session)
Speakers discussed global trade dynamics, industrial resilience, regulatory adaptation, operational innovation, and long-term investment strategies amid shifting global trade policies and rising geopolitical tensions.
Through stronger synergy between regulators, CEOs, and market participants, OJK aims to accelerate the growth of Indonesia’s capital market and enhance its contribution to national economic progress.
With clear policy direction, continuous innovation, and cohesive collaboration, Indonesia’s ambition to join the Top 10 Global Exchanges is no longer a distant vision—it’s a strategic target now firmly underway. (AT Network)
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