In order to resolve MSCI's dissatisfaction with the lack of liquidity and opaque ownership in the Indonesian stock market, the Indonesian Stock Exchange has drastically investigated stocks with a high concentration of shareholders, and the number has increased more than four times the original number. The Indonesia Stock Exchange said it has discovered another 300 such stocks, plus 83 stocks that have previously been included in the exclusion list, all of which will be excluded from the relevant index. According to the exchange, this batch of new stocks accounted for about 6% of the total market value of the benchmark index, but did not disclose a specific list. The Southeast Asian country is speeding up the introduction of regulatory measures in response to the warning issued by MSCI last month. MSCI previously pointed out that due to investors' concerns about suspected collaborative transactions and opaque ownership, Indonesia may face the risk of being downgraded in two steps from its position as an emerging market. Although Indonesian exchanges and regulators have tightened rules in recent months since the first related complaints surfaced in January this year, the index producer said these measures are still insufficient and emphasized the need for further enforcement actions.

In order to resolve MSCI's dissatisfaction with the lack of liquidity and opaque ownership in the Indonesian stock market, the Indonesian Stock Exchange has drastically investigated stocks with a high concentration of shareholders, and the number has increased more than four times the original number. The Indonesia Stock Exchange said it has discovered another 300 such stocks, plus 83 stocks that have previously been included in the exclusion list, all of which will be excluded from the relevant index. According to the exchange, this batch of new stocks accounted for about 6% of the total market value of the benchmark index, but did not disclose a specific list. The Southeast Asian country is speeding up the introduction of regulatory measures in response to the warning issued by MSCI last month. MSCI previously pointed out that due to investors' concerns about suspected collaborative transactions and opaque ownership, Indonesia may face the risk of being downgraded in two steps from its position as an emerging market. Although Indonesian exchanges and regulators have tightened rules in recent months since the first related complaints surfaced in January this year, the index producer said these measures are still insufficient and emphasized the need for further enforcement actions.