RI to host international conference on stock market
RI to host international conference on stock market
JAKARTA (JP): Nearly 650 financial executives and experts from
various countries will participate in an international conference
on capital markets at the Jakarta Hilton Convention Center from
July 6 to July 8.
The president of the Jakarta Stock Exchange (JSX), Hasan Zein
Mahmud, told reporters here yesterday that the forum will feature
key addresses by the Minister of Finance Mar'ie Muhammad,
Governor of Bank Indonesia Soedradjad Djiwandono, Chairman of the
Capital Market Supervisory Agency (Bapepam), Bacelius Ruru,
President of the Asian Development Bank (ADB), Mitsuo Sato, the
winner of the 1990 Nobel Prize for economics from the University
of Chicago, Merton H. Miller, and a professor of insurance and
finance of the University of California - Los Angeles, Richard W.
Roll.
The conference, the first of its kind to be held in Indonesia,
is organized by JSX in cooperation with the Pacific-Basin Capital
Markets (Pacap) Research Center of the United States' University
of Rhode Island.
"Vice President Try Sutrisno is expected to open the forum,
which will coincide with the sixth annual finance conference of
the Pacap center," he said.
"The forum will give us momentum to introduce our market and
expedite our integration onto the other world markets," Hasan
said.
For that purpose, the forum will present papers from various
financial institutions, including securities companies, brokers,
universities, listed corporations as well as prominent
individuals dealing with the stock market, he said.
Studies
Hasan said the forum will also carry latest finance studies of
the Chicago Mercantile Exchange, Sydney Futures Exchange, Daiwa
Institute of Research, Japan's Organization for Economic
Cooperation and Development, Chicago Board Options Exchange and
International Monetary Fund (IMF) among others.
Under a theme of "Strengthening infrastructures of the
Indonesian stock and capital markets," the forum will also
explore opportunities to establish greater cooperation among
stock investors in the regions, he said.
Pacap has now 11 members in the Asia-Pacific region, including
Hong Kong, Japan, South Korea, Malaysia, Taiwan, Thailand, the
Philippines, Indonesia, Singapore, Australia and New Zealand.
Because of Pacap's initiatives, the region is now able to
exchange information on the stock and capital markets under the
database on-line system, Hasan pointed out.
"On April last year, JSX signed an agreement with Pacap on a
plan to set up a database center here to make regular reports on
Indonesian stock activities for dissemination throughout the
regions," he said.
Hasan said that, during the conference, JSX will also present
an exhibition on the Indonesian stock markets which will be
participated in by listed firms, brokerage companies and
securities firms.(fhp)