"This is based on a single investor identification (SID) owned by investors," member of the OJK's board of commissioners for consumer education and protection, Tirta Segara, said during an online discussion originating from Jakarta on Monday.
He said the new investors in the capital market mostly belong to the millennial group, especially Generation X and Generation Y.
Therefore, the momentum of the high productive age participating in the capital market, as well as any economic activity, must be utilized to the maximum, he added.
Related news: VP advises young investors to not get trapped in pom-pom stocks
According to Segara, the large share of the population in the productive age of 15-64 years in Indonesia has given rise to the belief that the nation will soon reach its golden age.
Millennial investors are playing a bigger role in the capital market, he said.
"Many young people who drive the unicorns develop rapidly," he added.
Currently, Indonesia is enjoying a demographic bonus, with a large number of productive residents, whether we realize it or not, he said.
Research by the World Bank and the National Development Planning Agency (Bappenas) estimates that Indonesia's dependency ratio will reach its lowest point of 46.9 percent in 2030, he noted.
"However, this demographic bonus will only be an advantage for Indonesia if it is supported by adequate quality human resources (HR)," he added.
Related news: Under-thirty young investors dominating capital market: OJK
Translator: Agatha O, Azis Kurmala
Editor: Suharto
Copyright © ANTARA 2021
