Indonesian market officials visit economic ministry as shareholding rules change
The Indonesia Stock Exchange has removed a market-value threshold and revised how it identifies shares with highly concentrated ownership.
Senior officials from Indonesia’s Financial Services Authority (OJK) and Indonesia Stock Exchange (IDX) visited the Coordinating Ministry for Economic Affairs on 12 November 2026, with strategic capital-market initiatives on the agenda.
CNBC Indonesia reported that OJK capital-market, financial-derivatives and carbon-exchange supervisor Hasan Fawzi and IDX president director Jeffrey Hendrik attended. The officials were due to coordinate the initiatives with Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo.
The visit comes as IDX revises its high shareholding concentration (HSC) methodology. Under changes announced by the exchange’s HSC committee, screening covers every listed company’s shares, removing the previous minimum market capitalisation requirement of Rp5 trillion.
The Price Impact Ratio (PIR) has also been dropped as an assessment factor. The revised approach focuses on shareholder numbers and ownership percentages: a stock can qualify as HSC when 10 or fewer shareholders hold at least 92.5 per cent of the company’s total shares.
Jeffrey said the revised methodology would bring 300 additional stocks into the category, taking the number to 383. The broader screening does not represent a reassessment of listed companies’ performance or fundamentals.
The HSC committee is expected to announce an updated list soon, with a possible further increase in qualifying stocks. Under the old methodology, 83 issuers were classified as HSC. The HSC policy took effect on 2 April 2026.
