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Indonesia targets Bali financial centre as Parliament debates new laws
Officials say the plan would include independent court and financial authority systems, alongside collaboration between state capital and family offices.
Indonesia is moving ahead with plans to turn Bali into an international financial centre, with lawmakers in the country’s parliament set to debate new laws this week, according to SCMP Economy.
The effort is tied to Jakarta’s goal of building a trusted destination for long-term investor returns. Rosan Roeslani, Minister of Investment and Downstream Industry and head of the state-owned sovereign wealth fund Danantara Indonesia, said the financial centre should feature independent institutions including a court system and a financial authority, plus independent corporations.
SCMP Economy reports the target was discussed at the inaugural Nusa Dua Forum in Bali on Friday, organized by the South China Morning Post with Danantara Indonesia as a partner. The event drew about 120 participants, including Hong Kong Deputy Secretary for Justice Horace Cheung Kwok-kwan, sovereign fund operators, family office leaders, and institutional investors.
Panelists also focused on cooperation between government capital described as “patient” and multi-generational family offices, citing examples such as Hong Kong’s Hong Kong Investment Corporation and Danantara, as well as family offices connected to Joe Tsai’s Blue Pool Capital and Peter Lee Ka-kit’s Henderson Land Development.