Portrait of Indonesia's Stock Trading Landscape in the Era of Capital Market Reform

Year 2026 marks one of the most aggressive reform periods in the history of the Indonesian capital market. These reforms are beginning to change the face of stock trading in Indonesia. Reza Fahmi, Senior Vice President of the Retail Marketing & Product Development Division at Henan Putihrai Asset Management, stated that reforms touching on share ownership transparency, free float improvements, and enhanced market governance are the most fundamental. They also have the greatest potential to deliver a long-term impact on the quality of the Indonesian market.