Indonesia’s Condition is Similar to China’s A Decade Ago
Sunday, June 27, 2021
The Covid-19 pandemic has changed Indonesia’s demographics affecting the trends in the capital market. Indonesia Stock Exchange’s Commissioner Pandu Patria Sjahrir says enthusiasm of millennial and Gen Z investors has risen phenomenally during the pandemic. Since 2016, the number of young investors has grown to over 1.8 million with those aged 28 and below making up the highest increase. The rapid development of the digital technologies has opened the floodgates for tech companies and start-ups. One of the sectors most sought after by foreign investors is financial technology (fintech). Pandu, a businessman and an investor, who is also the chairman of Indonesian Fintech Association, says that in future fintech companies will not just focus on consumer lending but increase productive loans to support micro, small and medium enterprises through peer-to-peer lending.
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IN a year as the commissioner of the Indonesia Stock Exchange (BEI), Pandu Patria Sjahrir has seen a surge in the number of young investors in the capital market. The increase seen since 2016 continues to burgeon throughout the Covid-19 pandemic. As of last May, the number of millennial and Gen Z investors made up 77.9 percent or more than 1.8 million. “Most of them are 28 and below,” said Pandu, 42, during a special interview with Te
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