{
    "success": true,
    "data": {
        "id": 1605103,
        "msgid": "ojk-commissioner-candidate-targets-exchange-market-capitalisation-of-rp-25-000-trillion-1773226338",
        "date": "2026-03-11 16:30:09",
        "title": "OJK Commissioner Candidate Targets Exchange Market Capitalisation of Rp 25,000 Trillion",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Finance",
        "summary": "Hasan Fawzi, acting head of the Financial Services Authority (OJK) capital markets supervision division, has set an ambitious target of Rp 25,000 trillion in stock exchange market capitalisation by 2031, equivalent to approximately 80 per cent of Indonesia's GDP. The target was presented during his fitness and propriety test as a candidate member of the OJK Board of Commissioners before the House of Representatives, alongside nine other commissioner candidates, with plans to diversify market instruments beyond equities into debt and derivatives products.",
        "content": "<p>The acting head of capital markets supervision, derivative financial,\nand carbon exchange regulation for the Financial Services Authority\n(OJK), Hasan Fawzi, has set a target for exchange market capitalisation\nto reach Rp 25,000 trillion by 2031. He presented this target whilst\noutlining projected performance during a five-year forward period in a\nfitness and propriety test as a candidate replacement for a member of\nthe OJK Board of Commissioners at House of Representatives Commission\nXI.<\/p>\n<p>\u201cAs a direction for implementing this vision, we have established\nstrategic performance projections for the next five-year period until\n2031, where market capitalisation is targeted to reach Rp 25,000\ntrillion or approximately 80 per cent of the national Gross Domestic\nProduct figure,\u201d Hasan said at the House of Representatives complex on\nWednesday, 11 March 2026.<\/p>\n<p>He also targeted average daily transaction value in the capital\nmarkets to reach Rp 35 trillion per day, in line with increases in the\nnumber of listed companies and the amount of funds managed by\ninvestors.<\/p>\n<p>Before Commission XI members, Hasan stated that a market\ncapitalisation target of Rp 25,000 trillion is not an easily achievable\ngoal. However, he assessed that Indonesia\u2019s capital markets still have\nopportunities to develop products outside equity-based offerings, such\nas debt instruments and derivative financial products. Hasan exemplified\nthat 50 per cent of Singapore\u2019s market capitalisation comprises debt\ninstruments.<\/p>\n<p>Apart from Hasan, nine other candidates for OJK Board of\nCommissioners member positions underwent fitness and propriety testing\nat the House of Representatives today. They are Friderica Widyasari\nDewi, Agus Sugiarto, Hernawan Bekti Sasongko, Ary Zulfikar, Darmansyah,\nDicky Kartikoyono, Danu Febrianto, Adi Budiarso, and Anton Daryono.<\/p>\n<p>Hasan was appointed as acting head of capital markets supervision,\nderivative financial, and carbon exchange regulation at the OJK\nfollowing Inarno Djajadi\u2019s resignation in late January. Prior to his\nappointment as acting head, Hasan held the position of head of ITSK,\ndigital financial assets, and crypto assets supervision at the OJK.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-commissioner-candidate-targets-exchange-market-capitalisation-of-rp-25-000-trillion-1773226338",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}