Revealed! 21 Major Chinese Banks Interested in Buying Panda Bonds, Here's the List

Finance Minister Purbaya Yudhi Sadewa has revealed the interest of major investors in China who wish to purchase government debt securities denominated in renminbi, namely Panda Bonds. The major investors mentioned by Purbaya include the China Investment Corporation, the Export-Import Bank of China, and the Agricultural Bank of China. According to Purbaya, this line-up of major Chinese investors and banks expressed their buying interest after he visited China last week. Consequently, the number of investors who have stated their interest in buying Panda Bonds has now increased to 21, up from the initial 15 before his visit. “There are big ones that hadn’t joined previously, CIC, then there are big banks that hadn’t joined, that were late in coming to us, ABC, Exim Bank,” he said during a media briefing at the Juanda Building, Jakarta, on Friday. Due to the high interest from Chinese investors wanting to purchase Panda Bonds, he stated that the government needs to adjust the timeline to accommodate investor readiness. Initially, Finance Minister Purbaya Yudhi Sadewa targeted the bonds to be issued by the end of June or early July 2026, but this has now been postponed to the end of July 2026. “It turns out their interest has increased. There are several large fund managers or major banks there that found out late,” he said. Therefore, Purbaya emphasised that the request to delay the Panda Bond issuance came directly from the investors. Consequently, the potential absorption target will also be revised upwards. “So they asked us to delay it a little, so they have time to submit their proposals to their investment committees,” Purbaya said. “I think it’s good, it means the interest is high, so I postponed it until the end of July. We will issue it at the end of July so that more will buy,” he stressed.