AEI Supports Capital Market Reform Agenda, Emphasizes the Importance of a Measured and Sustainable Transition

Jakarta, 1 February 2026 — The Indonesian Listed Companies Association (AEI expresses its support for the government’s policies and strategic measures in advancing national capital market reform as conveyed during the government’s press conference. AEI views the reform as a crucial step to strengthen market structure, enhance credibility, and promote sustainable capital market deepening in Indonesia.

AEI considers the government’s commitment to improving governance, transparency, and overall market quality as a positive signal for both domestic and global investors. From the perspective of listed companies, capital market reform should be implemented through a measured and inclusive approach while taking into account varying levels of business readiness.

As a representative of listed companies, AEI fundamentally supports reform initiatives aimed at improving market quality. Strengthening free float, ownership transparency, and liquidity deepening are viewed as essential prerequisites for enhancing the credibility and global competitiveness of Indonesia’s capital market.

Nevertheless, AEI emphasizes that capital market reform must consider the diverse readiness of companies. A gradual approach, supported by adequate transition periods and policy flexibility, is essential to ensure a healthy adjustment process without disrupting market stability. Furthermore, reforms are expected not only to increase compliance obligations but also to provide incentives that encourage improvements in corporate governance and disclosure practices.

Through such an approach, capital market reform is expected to foster a more liquid, fair, and sustainable market, grounded in corporate fundamentals rather than being solely driven by the fulfillment of global indicators.

AEI Chairman, Armand Wahyudi Hartono, stated that AEI fully supports the government’s capital market reform agenda. From the issuers’ perspective, the reform represents an opportunity to strengthen market quality, provided it is implemented in a proportional, dialogue-driven, and long-term-oriented manner. AEI stands ready to serve as a strategic partner to the government and regulators to ensure that policies are effective and aligned with the real conditions of listed companies.

Through this role, AEI reaffirms its commitment to continuously facilitating dialogue among the government, regulators, issuers, and other stakeholders to ensure that capital market reform not only enhances global perception but also strengthens the foundation of the national business ecosystem.