Hong Kong Investment Becomes Largest in Q2 2026

The Ministry of Investment and Downstream Industry recorded that foreign direct investment (PMA) in the second quarter of 2026 came mostly from Hong Kong. Minister of Investment and Downstream Industry Rosan Perkasa Roeslani said realised investment from the territory amounted to US$5.5 billion.

“In this second quarter, for the first time in the last ten years, China has invested more aggressively through Hong Kong,” he said at a press conference at the State Palace on Thursday, 16 July 2026.

After Hong Kong, Singapore was the second-largest source of realised investment with US$4.2 billion, followed by China with US$1.7 billion, Japan at around US$900 million, and Malaysia at around US$700 million.

By comparison, the largest sources of investors in the first semester of 2026 were Singapore with US$4.6 billion, then Hong Kong with US$2.7 billion, China with US$2.2 billion, the United States with US$1.3 billion, and Japan with US$1 billion.

For the first semester as a whole, Rosan said Singapore remained the largest investor with realised investment of US$8.8 billion, followed by Hong Kong at US$7.6 billion, China at US$3.9 billion, Japan at US$1.9 billion, and the United States at US$1.7 billion. “Singapore over the past ten years has still held its role as the largest investor in Indonesia,” he said.

Rosan stated that investment realisation in the first semester of 2026 rose 7.2 percent year-on-year. Investment in the period reached Rp 1,010.6 trillion, or 49.5 percent of the annual target of Rp 2,441.3 trillion. “Most importantly, the employment generated reached 1,448,862 people, or an increase of roughly 15 percent,” he said.

In the first semester, realised foreign direct investment was recorded at Rp 507.6 trillion, while domestic direct investment (PMDN) stood at Rp 502.9 trillion. By comparison, in the first semester of 2025, realised PMA reached Rp 432.6 trillion and PMDN Rp 510.3 trillion.