{
    "success": true,
    "data": {
        "id": 1736790,
        "msgid": "ojk-reveals-indonesian-shares-poised-for-msci-inclusion-held-back-by-freeze-policy-1778662555",
        "date": "2026-05-13 14:36:14",
        "title": "OJK Reveals Indonesian Shares Poised for MSCI Inclusion, Held Back by Freeze Policy",
        "author": "Teuku Muhammad Valdy Arief",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Finance",
        "summary": "The Financial Services Authority (OJK) has disclosed that several Indonesian shares are potential candidates for inclusion in the global Morgan Stanley Capital International (MSCI) index, but this opportunity is currently stalled due to MSCI's freeze policy on Indonesia. OJK Executive Head of Capital Markets Supervision, Financial Derivatives, and Carbon Exchange, Hasan Fawzi, explained that the freeze stems from concerns over share ownership transparency and trading mechanisms, which could risk downgrading Indonesia's market status from emerging to frontier. This adjustment is viewed as a short-term consequence of ongoing market integrity reforms by OJK and its Self-Regulatory Organization, with initial calculations identifying shares likely affected based on transparent criteria like free float and ownership concentration.",
        "content": "<p>JAKARTA, KOMPAS.com - The Financial Services Authority (OJK) has\nrevealed that a number of Indonesian shares have the potential to enter\nthe global Morgan Stanley Capital International (MSCI) index. However,\nthis opportunity is still held back by MSCI\u2019s freeze policy.<\/p>\n<p>OJK Executive Head of Capital Markets Supervision, Financial\nDerivatives, and Carbon Exchange, Hasan Fawzi, stated that not all\nshares exiting the MSCI index are due to a decline in company quality or\nperformance.<\/p>\n<p>According to Hasan, several domestic shares are deemed eligible for\ninclusion in other index groups. However, this process cannot yet\nproceed due to MSCI\u2019s freeze policy towards Indonesia.<\/p>\n<p>\u201cThere are a number of shares that actually have the potential to\nenter the MSCI index, but for now, they are still held back because of\nthe freeze policy towards Indonesia,\u201d Hasan said during a press\nconference on Wednesday (13\/5\/2026).<\/p>\n<p>Hasan explained that the process of determining shares in the MSCI\nindex is based on a number of open indicators, ranging from free float\nto the level of share ownership concentration.<\/p>\n<p>\u201cBased on our initial calculations, we can already see the shares\nthat have the potential to be affected, because the criteria for\ndetermining shares entering index groups, including global indices, are\nfundamentally transparent,\u201d he elaborated.<\/p>\n<p>MSCI previously stated that it would not add Indonesian shares to the\nMSCI Investable Market Indexes in the May 2026 review.<\/p>\n<p>This decision came after MSCI issued a warning in January 2026\nregarding the risk of Indonesia\u2019s status being downgraded from emerging\nmarket to frontier market.<\/p>\n<p>The assessment relates to issues of share ownership transparency and\ntrading mechanisms in Indonesia\u2019s capital market.<\/p>\n<p>According to him, the adjustment to the global index is a short-term\nconsequence of the market integrity reforms currently being carried out\nby OJK together with the Self-Regulatory Organization (SRO).<\/p>\n<p>\u201cThe results of the MSCI rebalancing announced today are certainly\npart of the short-term consequences of the market integrity reform\nprocess we are presenting,\u201d Hasan said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-reveals-indonesian-shares-poised-for-msci-inclusion-held-back-by-freeze-policy-1778662555",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}