With bilateral trade projected to hit USD160B in 2025, Indonesia’s Yuan-Rupiah pact with China for de-dollarisation and ...

China told its biggest banks to increase the use of the yuan in trade with foreign partners, raising the required ratio to 40 ...

The two monetary authorities previously agreed on local currency swaps worth up to 400 billion yuan ($55 billion).

The signing of the four MoUs with China took place during Chinese Prime Minister Li Qiang's official visit to Indonesia.

Citigroup said on Monday it had appointed Wenjie Zhang as its new country officer and banking head for China, after the exit ...

The Indonesian and Chinese governments signed four Memoranda of Understanding (MoUs) on economic cooperation, witnessed ...

Share the best of The Jakarta Post with friends ... Prior to market open, the People's Bank of China set the midpoint – around which it allows the yuan to trade in a 2 percent band – at ...

Bank Indonesia Governor Perry Warjiyo and PBOC Governor Pan Gongsheng signed an MoU on May 25, 2025, at Merdeka Palace.

Hong Kong stocks rose more than one percent, while Shanghai, Tokyo, Sydney, Singapore, Taipei, Bangkok, Wellington and Jakarta were all up ... The gains came as China's central bank cut two key ...

During a high-level meeting with Chinese Foreign Minister Wang Yi, Luhut proposed the creation of a joint sovereign wealth ...

Bank of China (BOC) did not immediately reply to a request for comment. Liu could not be immediately reached for comment. Liu, born in 1967, was named as president of the bank in April 2021.

The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy. By Keith Bradsher Reporting from Beijing China ...