Himbara Ready to Connect Global Capital to PFII Ecosystem
IQPlus, (10/7) - The Association of State-Owned Banks (Himbara) is ready to act as a gateway for global capital entering investment opportunities in Indonesia through the Indonesian International Financial Centre (PFII) ecosystem.
The global capital in question includes foreign direct investment (FDI), institutional investors, sovereign wealth funds, family offices and capital markets.
“To date, most of these capital flows still pass through international financial centres outside Indonesia,” said Eko Setyo Nugroho, Institutional Director of PT Bank Negara Indonesia (Persero) Tbk (BNI), speaking on behalf of Himbara at a public hearing of the DPR’s PFII Bill Special Committee in Jakarta on Thursday.
According to Eko, through PFII, Indonesia can build a more competitive financial ecosystem supported by adaptive regulation, attractive incentives, internationally standardised financial infrastructure, and the strengthening of domestic financial markets and liquidity.
He added that the ecosystem is expected to serve as an entry point for global capital to flow directly into Indonesia.
Within this ecosystem, Himbara will play the role of a gateway that not only connects global investors with national investment opportunities, but also provides integrated financial solutions, builds strategic partnerships, and supports financing needs throughout the investment cycle.
“Furthermore, the capital successfully raised can then be channelled into various national priority sectors,” Eko explained.
He said the association had benchmarked several established international financial centres (IFCs), namely Abu Dhabi Global Market, Dubai International Financial Centre, the International Financial Centre in Hong Kong, and the Singapore International Financial Centre.
From this benchmarking, Eko said, Himbara learned that each IFC has clear positioning and economic targets.
For example, Abu Dhabi Global Market and the Dubai International Financial Centre were developed as special zones, or zone-based IFCs. Meanwhile, Hong Kong and Singapore developed as financial centres encompassing an entire city or country.
“This means that the success of an IFC is very much determined by a clear direction. Who the target players are, which financial products are developed, and what role it wants to play in the region,” Eko explained. (end/ant)