IDX Paves Way for Indonesian Investors to Trade BYD and Tencent Stocks

Jakarta, CNBC Indonesia — The Indonesia Stock Exchange (IDX) is opening a pathway for major foreign companies such as BYD and Tencent to enter the domestic stock market through an investment instrument known as Single Stock Futures (SSF).

IDX Chief Executive Officer Jeffrey Hendrik explained that the development of SSF products allows derivative products of shares listed on the Hong Kong exchange to be traded on the Indonesian exchange. However, these companies will not list their shares directly.

“So later, for example, names we already know, like BYD and Tencent, could become the underlying assets of single stock futures,” Jeffrey told reporters at the IDX building in Jakarta on Monday (13/7/2026).

In addition to the SSF cooperation, the agreement also facilitates companies listed in Indonesia to list their shares on HKEx. This cooperation is said to streamline listing procedures on global exchanges.

“After they list on the Indonesia Stock Exchange, they can list on the Hong Kong exchange, for example, with simpler procedures. What do they gain? Exposure to a broader investor base,” said Jeffrey.

Jeffrey added that the IDX previously cooperated with the Straits Times Index (STI) and issued two or three deposit receipt (DR) instruments. Going forward, the IDX is opening discussions with the Stock Exchange of Thailand (SET) on reciprocal listings.

Previously, the IDX, together with other capital market institutions — PT Kliring Penjaminan Efek Indonesia (KPEI) and PT Kustodian Sentral Efek Indonesia (KSEI), supported by the Financial Services Authority (OJK) — launched a new derivative product, the Kontrak Berjangka Saham (KBS), better known as SSF, in 2024.

For information, an SSF is a new derivative product in the form of an agreement or contract between two parties to sell or buy a share in the future at a predetermined price. SSF offers several advantages over other investment products.

First, SSF allows investors to hedge their portfolios against price movements of the underlying shares.

Second, SSF can also serve as an alternative investment vehicle for profit optimisation, whether the market is bullish or bearish. Investors can take a long position when the market is bullish or a short position when it is bearish to gain potential profits.

Third, the funds required by investors are far smaller than buying shares directly, because SSF transactions are leveraged.

Fourth, investors can realise profits more quickly, as SSF settlement is carried out in cash within one trading day (T+1).

Furthermore, like other products traded on the IDX, SSF trading is safe and transparent, as transactions are conducted in real time on the exchange, supervised by the IDX and OJK, with settlement guaranteed by KPEI.