The Indonesia Central Securities Depository (KSEI) forecasts that the target for the capital market investors in 2024 will continue to grow despite global geopolitical pressures and the democratic event of the general elections. Samsul Hidayat, CEO of KSEI, highlighted that in 2024, investors are likely to monitor the progress of the incoming government's transition, particularly the economic policies to be implemented by the new President's appointed Economic Minister.
The upcoming electoral process in 2024 prompts investors to observe and ensure Indonesia's future development under its new leadership and the economic strategies directed by the appointed minister. Samsul aims for a yearly increase of 2.5 million new investors, aligning with the Financial Services Authority's (OJK) roadmap targeting 20 million investors by 2027. He emphasized that this target isn't solely aimed at KSEI but includes the Indonesian Stock Exchange (BEI) and the Indonesian Clearing and Guarantee Corporation (KPEI). OJK endeavors to contribute to achieving this figure, aspiring for 20 million investors by 2027. Consequently, the expected investor count for 2024 will rise from 12.3 million to 15.5 million investors. Samsul outlined that in 2023, the number of investors recorded at KSEI surged by 17.6%, growing from 10.32 million in December 2022 to 12.12 million by November 2023. He noted this growth as exceptional, considering the marked decrease compared to the increase seen in 2022-2021 due to significant developments during that period, including a pandemic and substantial economic expansion.
