MSCI Recognition Strengthens Indonesia’s Capital Market Competitiveness: OJK

RRI.CO.ID, Jakarta - The Financial Services Authority (OJK) has welcomed Morgan Stanley Capital International’s (MSCI) recognition of Indonesia’s capital market reforms. The acknowledgment was conveyed in an updated assessment on free-float shares released on April 20, 2026.

Executive Director of Capital Market Supervision at OJK, Hasan Fawzi, said MSCI noted the strategic steps taken by the authority in collaboration with the Indonesia Stock Exchange (IDX), the Indonesian Central Securities Depository (KSEI), and market participants.

“This is part of our ongoing effort to improve market governance, strengthen investor protection, and make Indonesia’s capital market more credible, transparent, and globally competitive,” Hasan said in Jakarta on Tuesday, April 21, 2026.

He explained that reforms under consideration include increasing transparency of shareholdings above 1 percent, strengthening investor classification, and implementing the High Shareholding Concentration (HSC) framework.

Raising the minimum free-float threshold is also being pursued to bolster liquidity, which is seen as crucial for enhancing the quality and appeal of the national capital market.

OJK Board of Commissioners Chairwoman Friderica Widyasari Dewi said MSCI’s recognition signals confidence in Indonesia’s policy direction. “Going forward, reform measures will continue to be implemented consistently, measurably, and sustainably,” she said, adding that coordination with global market participants remains a priority.

MSCI is currently conducting further assessments using new data from these reforms, with input from international investors during index evaluation and market accessibility reviews. OJK views this process as an important opportunity to demonstrate the effectiveness of its policies and strengthen global investor confidence.

As part of its reform commitment, OJK continues to promote market integrity through action plans focused on transparency, liquidity, law enforcement, and governance. With these measures, the authority is optimistic that Indonesia’s capital market will become deeper, more liquid, and contribute more effectively to national economic growth. (Gusti Panji/Lasti Martina)