Indonesia's Financial Services Authority (OJK) published a statement marking the 48th anniversary of the reactivation of Indonesia’s capital market, setting out priorities to strengthen the capital market’s role in financing national development and supporting economic independence and sovereignty. The agenda centres on three pillars: expanding supply through accelerated listings (including SMEs and digital startups) and innovative instruments, strengthening demand by widening the domestic retail and institutional investor base, and upgrading infrastructure and market participants via digital transformation and improved integrated supervision, including following the transfer of financial derivatives regulation and supervision to OJK at the start of 2025. OJK reported first-half 2025 economic growth of 5.12% year-on-year and that, as of 8 August 2025, the Jakarta Composite Index stood at 7,533.39 (up 6.41% year-to-date) with market capitalisation up 9.88% to IDR 13,555 trillion, while the Indonesia Composite Bond Index increased 7.42% to 421.81. Capital raising remained positive, with 128 effective public offering registration statements totalling IDR 144.78 trillion, including 16 new issuers, and securities crowdfunding raising IDR 1.64 trillion from 876 SMEs via 18 licensed operators; the investor base reached 17.57 million (up 18.15% year-to-date), mutual fund net asset value rose to IDR 548.49 trillion (up 9.86% year-to-date), and assets under management increased 4.92% to IDR 878.59 trillion. Since the previous anniversary to 8 August 2025, OJK issued 18 regulations (14 OJK Regulations and four OJK Circular Letters) focused on liquidity, investment management, sharia capital markets and financial derivatives, alongside 8,112 licensing actions, 434 complaints resolved and 401 sanctions totalling IDR 43.12 billion in fines. The update also highlighted progress in corporate governance recognition at the ASEAN Corporate Governance Conference & Awards 2025, activity at the Indonesia Carbon Exchange since 2023 (117 users, 1.59 million tCO2e traded and IDR 77.96 billion in transaction value) including the first international carbon trade in Indonesia (49,547 tCO2e), and the launch of market literacy initiatives including “Sekolah Pasar Modal untuk Negeri” for 30,000 university students and a “Capital Market Run”.
OJK 2025-08-11
Indonesia's Financial Services Authority sets three-pillar agenda to strengthen capital markets and launches 30,000-student education programme
Indonesia's Financial Services Authority (OJK) aims to enhance the capital market's role in national development by expanding listings, strengthening investor demand, and upgrading infrastructure. OJK reported first-half 2025 economic growth of 5.12% and significant market performance, with the Jakarta Composite Index up 6.41% year-to-date. Since the last anniversary, OJK issued 18 regulations and highlighted achievements in corporate governance and carbon trading.