Chinese-funded firms eye to Indonesian stock market

More than 180 people including those from major Chinese-funded enterprises in Indonesia attended here Wednesday a business forum on Indonesian capital markets, eyeing to float their shares on the stock market through initial public offerings (IPO).

The event held at the Indonesian Stock Exchange (IDX) building was organized by the Bank of China Jakarta Branch, IDX and the Indonesian Chinese Chamber of Commerce.

"Being listed in IDX not only brings about diversified funding, but also enhances corporate governance, the national transparency as well as improves the company's branding in Indonesia," said Chairman of the China Chamber of Commerce in Indonesia Zhang Chao Yang, who also serves as the president of the Bank of China Jakarta Branch.

Indonesia currently accounted for the highest deal number among exchanges in the Southeast Asian region.

Amid uncertain global economy, 2019 had been a relatively good year for IDX in attracting new listings. There were 55 new company listings throughout the year, just two below 2018's 57 IDX listings.

According to the Indonesian Central Securities Depository (KSEI), the number of individual investors increased sharply in 2019, partly due to an increase in the number of online trading applications.

This was visible from the increase in the number of single investor identifications, which had risen to 2.47 million as of December 27 from 1.61 million in 2018.

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