-part-1.jpg)
Bank of China to serve as RMB clearing bank in Indonesia
29 June 2026 Indonesia
Image: alfin/stock.adobe.com
The People's Bank of China (PBOC) has authorised the Jakarta Branch of Bank of China (Hong Kong) to serve as the renminbi clearing bank in Indonesia.
The establishment of a RMB clearing bank in Indonesia, the largest economy in ASEAN, is one of a series of cooperation achievements of the joint working mechanism between the central banks of China and Indonesia.
It will further facilitate the use of RMB in bilateral trade and investment and promote China-Indonesia economic and financial cooperation to a new level.
With this, the Bank of China now serves as the RMB clearing bank in 19 countries and regions.
As the first Chinese bank to enter Indonesia, the Bank of China has become the largest RMB business service provider and the main channel for RMB clearing in the country, according to PBOC.
For many years, it has actively served bilateral economic and trade cooperation and continuously promoted the international use of RMB and the development of the financial market.
The Bank of China will continue to actively fulfill its responsibilities as a RMB clearing bank, deepen RMB product innovation, provide better financial services for Sino-Indonesian economic and trade exchanges, and contribute more to high-level opening up.
The establishment of a RMB clearing bank in Indonesia, the largest economy in ASEAN, is one of a series of cooperation achievements of the joint working mechanism between the central banks of China and Indonesia.
It will further facilitate the use of RMB in bilateral trade and investment and promote China-Indonesia economic and financial cooperation to a new level.
With this, the Bank of China now serves as the RMB clearing bank in 19 countries and regions.
As the first Chinese bank to enter Indonesia, the Bank of China has become the largest RMB business service provider and the main channel for RMB clearing in the country, according to PBOC.
For many years, it has actively served bilateral economic and trade cooperation and continuously promoted the international use of RMB and the development of the financial market.
The Bank of China will continue to actively fulfill its responsibilities as a RMB clearing bank, deepen RMB product innovation, provide better financial services for Sino-Indonesian economic and trade exchanges, and contribute more to high-level opening up.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
.jpg)