{
    "success": true,
    "data": {
        "id": 1800798,
        "msgid": "ri-china-central-bank-cooperation-strengthens-joint-economic-stability-1781279722",
        "date": "2026-06-12 22:29:37",
        "title": "RI-China Central Bank Cooperation Strengthens Joint Economic Stability",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "China's Ambassador to Indonesia highlights deepening financial cooperation between Bank Indonesia and the People's Bank of China, including new agreements on renminbi clearing and QR code payments. The collaboration aims to bolster bilateral trade and investment, with China remaining Indonesia's largest trading partner for 13 consecutive years. The partnership is expected to expand into digital economy, AI, and electric vehicles.",
        "content": "<p>China\u2019s Ambassador to Indonesia, Wang Lutong, stated that progress in\ncooperation between Bank Indonesia (BI) and the People\u2019s Bank of China\n(PBOC) has contributed positively to advancing the economy and\nmaintaining financial stability in both countries. \u201cFinancial\ncooperation between China and Indonesia continues to deepen and has\nyielded significant results. Financial cooperation contributes\npositively to promoting economic prosperity and maintaining financial\nstability,\u201d Ambassador Wang said in a written statement from the Chinese\nEmbassy in Jakarta, confirmed on Friday. He noted that the strengthening\nof this cooperation was achieved through the Indonesia-China Central\nBank Governors\u2019 Meeting under the Joint Work Programme (JWB) on Thursday\n(11\/6), which resulted in four agreements. These agreements include a\nMemorandum of Understanding (MoU) on the establishment of a Renminbi\nClearing Arrangement, and a trilateral MoU between the PBOC, BI, and the\nHong Kong Monetary Authority (HKMA) regarding Local Currency\nTransactions (LCT). Additionally, the two central banks agreed on the\nadoption of a cross-border QR code payment system between China and\nIndonesia, the implementation of which was recently launched. Further\ncooperation includes the participation of Bank Mandiri as a direct\nparticipant in the Cross-Border Interbank Payment System (CIPS), an\ninternational payment infrastructure based on the renminbi operating\nunder the auspices of the PBOC. According to Ambassador Wang, the\nstrengthening of financial sector cooperation aligns with the positive\ntrend in trade between Indonesia and China. Citing data from the\nIndonesian government, he conveyed that China\u2019s direct investment in\nIndonesia in 2025 reached 7.5 billion US dollars. The established\npartnership has made China Indonesia\u2019s largest trading partner for 13\nconsecutive years and one of the top three sources of foreign direct\ninvestment in Indonesia for 10 consecutive years, the Ambassador stated.\n\u201cChina and Indonesia continue to deepen cooperation in the financial\nsector, which will further strengthen the ease of bilateral trade and\ninvestment,\u201d Wang said. Consequently, it is hoped that trade and\ninvestment between the two countries will continue to grow, and the\ncooperation on industrial and supply chains that has been jointly\nestablished can be further strengthened. He is also optimistic that\nIndonesia-China cooperation will expand into emerging strategic sectors,\nincluding the digital economy, artificial intelligence (AI), and\nelectric vehicles.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ri-china-central-bank-cooperation-strengthens-joint-economic-stability-1781279722",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}