{
    "success": true,
    "data": {
        "id": 1739095,
        "msgid": "not-downgrading-ojk-targets-indonesias-stock-exchange-to-rival-wall-street-1778788061",
        "date": "2026-05-14 14:12:00",
        "title": "Not Downgrading, OJK Targets Indonesia's Stock Exchange to Rival Wall Street",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Finance",
        "summary": "The Financial Services Authority (OJK) has dismissed concerns over a potential downgrade of the Indonesia Stock Exchange (BEI) following the MSCI index rebalancing in May 2026, instead aiming to elevate it to developed market status comparable to advanced economies like Wall Street. OJK is pursuing strategic reforms, including enhancing market depth, liquidity, transparency, and enforcement, as key indicators for such an upgrade. This ambitious push underscores Indonesia's potential to strengthen its capital market structure, accessibility for foreign investors, and economic stability to attract global investment.",
        "content": "<p>JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) assesses\nthat the Indonesia Stock Exchange (BEI) is not heading towards a\ndowngrade in market classification following the global index provider\nMorgan Stanley Capital International (MSCI) rebalancing in May 2026. On\nthe contrary, OJK is targeting the domestic stock market to advance or\nenter the developed market category. Based on MSCI classification,\ncountries in the developed market generally have a healthy capital\nmarket structure, high accessibility for foreign investors, and a stable\neconomy. Currently, BEI is classified under emerging markets or\ndeveloping country markets, according to MSCI grouping. \u201cIn the future,\nwe certainly want to promote not a potential decline in classification.\nWe actually have the potential to push our market even further and enter\na higher classification,\u201d said Hasan during a press conference at the\nBEI building in Jakarta on Wednesday (13\/5\/2026). Such efforts cannot be\nachieved instantly; Hasan acknowledged that hard work is needed through\nmeasured and mature strategic programmes. \u201cBut all this must be done\nproperly in the context of strategic programmes and activities that are\nmeasured and planned. That is what we will present,\u201d he explained. The\ncapital market reform agenda targeted by OJK and the Self Regulatory\nOrganisation (SRO) currently extends beyond mere improvements in\ngovernance and market transparency. The regulator is also preparing\nmarket deepening, increased transaction liquidity, and strengthening\nenforcement or rule enforcement in the exchange. According to him, these\naspects are the main indicators in assessing the stock market\u2019s status\nas a developed market or advanced market. \u201cActually, this capital market\nintegrity reform does not stop at integrity reform. If you observe the\neight action plans, there are aspects of market deepening, liquidity,\nand enforcement that we will prioritise. This is closely related to the\ncriteria for developed markets, for example, or advanced markets,\u201d Hasan\nelaborated. The reforms being promoted now are seen as the initial\nfoundation for the exchange to advance. Hasan stated that BEI should not\nstagnate in the emerging market. \u201cThat is precisely what we hope this\ninitial foundation will achieve, and if pushed further, we will not stay\nin the current market class. Why not? In due time, together with all\nmarket participants, we will jointly promote agendas to increase our\nmarket classification in the future,\u201d he said. Specifically, OJK has\nalready calculated which stocks have the potential to enter global\nindices, including MSCI indices.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/not-downgrading-ojk-targets-indonesias-stock-exchange-to-rival-wall-street-1778788061",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}