Capital Market Opportunities and Challenges in the Digital Age
- 18 Mar 2021
- Pasar Modal
- Online
Webinar Recording
Background
Indonesia’s Capital Market conditions during the 2020 period were quite under pressure due to the Covid-19 pandemic, however, the number of capital market investors continued to see a significant increase. The total number of investors in the capital market reached 3.88 million investors, an increase of 56 percent year on year, and continued to grow to 4 million investors until January 15, 2021, with the frequency of the increased transactions. KSEI data recorded by October 2020 around 49.75 percent of capital market investors came from a fintech trading agent. This shows that changes in people's behavior also strongly support the industry to switch to digital platforms.
One of the driving forces for Indonesia's capital market transformation is a significant rise in the number of population in the middle class (consuming class), which requires a variety of (sophisticated) financial services, and affects the need for higher quality human resources in the financial sector. According to PwC (2017) Indonesia will be ranked 5th in the world economy in 2030 while Standard Chartered (2019) projects Indonesia as ranked 4th in the same year. This position will make Indonesia a big emerging market considering Indonesia's position is tcountry with the strongest economy in Southeast Asia. One of the challenges currently being faced is the government's efforts to change people's mindsets, from a saving society to an investing society. In addition, the challenge must be anticipated by by tworld of capital markets today is the development of technology in the digital era is very massive and unstoppable.
Noting that growth, to accelerate the deepening of financial markets, OJK focuses on one of its strategies by accelerating the development of digital-based capital market infrastructure, for example carrying out primary market efficiency through e-IPO, e-voting, and the presence of market makers in the secondary market and the development of Counterparty Clearing Over the Counter (CCP OTC) infrastructure derivative. This is intended to encourage the development of the retail and domestic investor base.
In addition regulator’s support, to be able to answer these challenges, a SJK HR development program is also needed to increase knowledge and insight regarding what effective strategies market players can do in an effort to increase the market share of retail and domestic investors. Through this webinar, market participants are expected to gain lessons learned from several companies in the capital market, which have been proven to have been able to maintain their performance and increase the number of retail investors by using digital technology during the COVID-19 pandemic.
Objective
Provides an understanding and insight on how to optimize the growth of retail and domestic investors by using digital-based capital market infrastructure.
Participant
Speaker
- Afifa (Presiden Direktur PT.Manulife Aset Manajemen Indonesia)