Jakarta, CNBC Indonesia - The Financial Services Authority (OJK) has\nresponded to the 2026 market classification review results announced by\nMSCI on Wednesday (24\/6). Chief Executive of Capital Market, Derivative\nFinance, and Carbon Exchange Supervision Hasan Fawzi confirmed that the\nIndonesian capital market remains classified as an emerging market.<\/p>\n
\u201cAs we have all followed, MSCI released its 2026 Market\nClassification Review on Wednesday (24\/6) morning. In the report, we\nreceived confirmation that MSCI is maintaining Indonesia\u2019s status in the\nEmerging Market category,\u201d he said in a written statement on Wednesday\n(24\/6\/2026).<\/p>\n
He stated that the result was in line with expectations and that the\nOJK welcomed the outcome of MSCI\u2019s annual assessment positively. He said\nthe MSCI announcement provides momentum to continue, strengthen, and\naccelerate the capital market reform agendas that have been launched\nsince the beginning of this year.<\/p>\n
Moreover, he noted that in the Market Classification Review\nannouncement, MSCI provided positive remarks regarding Indonesia\u2019s\ncapital market reform agenda. \u201cThey acknowledged the various initiatives\nand progress of reform programmes that we continue to strengthen going\nforward,\u201d he said.<\/p>\n
The OJK assessed that MSCI has utilised the increasingly transparent\ndata generated from Indonesia\u2019s capital market reforms as a new source\nfor its assessment. This demonstrates how the reform achievements have\ngained meaningful recognition, further solidifying the credibility and\ninvestability of the domestic capital market.<\/p>\n
These positive notes, Hasan said, underscore the achievements of the\nIndonesian capital market that were previously announced in the MSCI\nGlobal Market Accessibility Review 2026 released on 18 June 2026. In the\nMSCI assessment results regarding market accessibility, Indonesia\ngenerally received one of the best ratings among Emerging Markets in the\nAsia-Pacific region, after China and Malaysia.<\/p>\n
\u201cIn its official announcement, MSCI stated that they will continue to\nmonitor our reform agenda, and will keep assessing and observing the\nconsistency of its implementation going forward. This is certainly part\nof the review process of each institution, we appreciate that, and we\nensure that we will continue to consistently implement and strengthen\nall our capital market reform programmes,\u201d he explained.<\/p>\n
Going forward, the OJK and capital market Self-Regulatory\nOrganisations (SROs) will continue constructive communication and\nengagement with global index providers and investors, to ensure that the\nreforms that have been and are being rolled out can be comprehensively\nunderstood by the global investment community. \u201cWe are also committed to\nproviding support for them in conducting their respective assessments,\u201d\nhe added.<\/p>\n
In addition, the OJK also communicates periodically with global\ninstitutional investors, facilitated among others by the World Bank,\nIFC, and ASIFMA. This allows the OJK to directly convey and explain the\nprogress of implemented reforms to them. On the other hand, the OJK also\nopens space to receive input and feedback that helps strengthen various\naspects of the capital market.<\/p>\n
\u201cOf course, this acknowledgement or review result from global index\nproviders is not the final goal. It also does not make us complacent. We\nwill continue to strengthen and accelerate the implementation of reform\nagendas going forward, with the support and close synergy of all\nstakeholders,\u201d he concluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ojk-responds-after-msci-keeps-indonesian-stock-exchange-in-emerging-market-status-1782265867", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }