印度尼西亚：股市监管10月26日加码防范操纵，独立人士将加入股权集中度委员会
印度尼西亚10月26日推出更多措施，应对股票市场操纵问题，包括在决定股权高度集中股票名单的委员会中加入独立人士。此前，全球指数提供商MSCI本月早些时候表示，由于对不透明交易行为的担忧，印尼股市可能被降级为独立市场状态，这比其1月份警告的可能降级为前沿市场更为严重。目前MSCI仍将印尼归类为新兴市场。印尼证券交易所首席执行官杰弗里·亨德里克在记者会上表示，交易所计划扩大该委员会的成员范围，纳入印尼学者等独立人士，以及代表外国投资者的F·查普曼·泰勒；此前委员会成员均为资本市场监管机构官员。泰勒曾是投资公司资本集团的合伙人，目前担任印尼主权财富基金达纳塔拉的顾问。金融监管机构资本市场主管哈桑·法齐表示，鼓励交易所加强交易监督的机制与方法，包括识别异常交易模式的能力、发现协同交易行为以及加强应对此类事件的机制。上周，印尼证券交易所表示，将从11月2日起把股权高度集中的股票排除在主要雅加达指数之外，当前名单包括80家公司。MSCI的警告与印尼股市近期的剧烈波动有关，监管层此次加码防范措施，意在恢复投资者对市场透明度与公平性的信心。对外国投资者而言，委员会构成与监督方法的改变是观察重点：如果独立人士的加入能够切实提升名单制定的公信力，印尼保住新兴市场地位的可能性将随之上升。
Indonesia: Stock Market Regulators Step Up Measures Against Manipulation on October 26, Independent Members to Join Share Concentration Committee
Indonesia introduced further measures on October 26 to address stock market manipulation, including adding independent members to the committee that determines the list of stocks with highly concentrated shareholding. Previously, global index provider MSCI said earlier this month that, due to concerns about opaque trading practices, the Indonesian stock market could be downgraded to standalone market status, a more serious outcome than the possible downgrade to frontier market status it warned of in January. MSCI currently still classifies Indonesia as an emerging market. Jeffrey Hendrik, chief executive of the Indonesia Stock Exchange, said at a press conference that the exchange plans to expand the committee's membership to include independent figures such as Indonesian academics, as well as F. Chapman Taylor, who represents foreign investors; previously, all committee members were officials of the capital market regulator. Taylor was formerly a partner at investment firm Capital Group and currently serves as an adviser to Danantara, Indonesia's sovereign wealth fund. Hasan Fawzi, the capital market supervisor at the financial regulator, said exchanges are encouraged to strengthen their trading supervision mechanisms and methods, including the ability to identify abnormal trading patterns, detect coordinated trading behavior, and strengthen mechanisms for responding to such incidents. Last week, the Indonesia Stock Exchange said it would exclude stocks with highly concentrated shareholding from the main Jakarta index starting November 2; the current list includes 80 companies. MSCI's warning is related to the recent sharp volatility of the Indonesian stock market, and the regulators' stepped-up preventive measures this time aim to restore investor confidence in market transparency and fairness. For foreign investors, changes in the committee's composition and supervision methods are a focal point: if the addition of independent members can genuinely improve the credibility of the list-making process, Indonesia's chances of retaining its emerging market status will rise accordingly.
来源：GSM·美国（原文链接）
图片来源：雅加达市景（资料图），取自 Wikimedia Commons。Photo: Jakarta cityscape (file photo), via Wikimedia Commons.
