CCB Chairman Meets with Indonesia's Central Bank Deputy Governor to Enhance Bilateral Currency Settlement Cooperation

Deep News07-30

The Chairman of China Construction Bank Corporation (CCB), Zhang Jinliang, met with Thomas Djiwandono, Deputy Governor of Bank Indonesia, at the bank's headquarters on July 29.

The meeting focused on strengthening financial collaboration under the Local Currency Settlement (LCT) framework for bilateral trade between China and Indonesia.

Simon Aloysius Mantiri, President and CEO of Pertamina (Persero), Indonesia's state-owned oil company, also attended the meeting.

CCB is actively promoting the cross-border use of the Chinese yuan. The bank will work closely with Bank Indonesia and financial institutions to leverage its role as a financial bridge.

The initiative aims to deepen participation in the bilateral currency settlement financial ecosystem, offering comprehensive, high-quality cross-border yuan settlement, investment, and financing services to market players in both nations.

This cooperation is expected to support further achievements in bilateral trade and economic partnerships.

Representatives from CCB's International Business Department, Strategic Customer Department, Financial Markets Department, Financial Technology Department, and its Indonesian subsidiary attended the meeting.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment