Purbaya Enhances Financing Cooperation with China, Prepares Panda Bond Issuance

RRI.CO.ID, Jakarta - The Indonesian government continues to strengthen its sustainable development financing strategy amid global economic uncertainty. This step was taken thru the working visit of the Minister of Finance to Beijing, China, including a bilateral meeting with the Minister of Finance of the People's Republic of China (PRC), Lan Fo’an, on Wednesday, June 17, 2026.

The meeting was part of the government's efforts to strengthen access to development financing, expand the investor base, and deepen economic partnerships between Indonesia and China.

The Minister of Finance, Purbaya Yudhi Sadewa, emphasized that the visit to Beijing is part of a long-term financing strategy that the government has meticulously prepared.

"The government continues to implement a financing strategy that is measured, disciplined, and long-term oriented," he said.

On that occasion, the Minister of Finance also emphasized that Indonesia's economic fundamentals remain strong. According to him, this condition is reflected in the controlled government debt ratio, a budget deficit that is within safe limits, and sustained economic growth.

He believes that the situation provides an opportunity for Indonesia to build mutually beneficial cooperation with various strategic partners, including China.

"We came to Beijing because Indonesia has a strong position to build mutually beneficial cooperation." "When the economic foundation is strong, we have the space to act more strategically and confidently," he said.

One of the main agendas of the working visit is to prepare for the issuance of Panda Bonds, which are state bonds issued in the Chinese financial market using the yuan currency. The government views the instrument as a strategic step to diversify funding sources, expand the investor base, and strengthen the economic and financial relations between the two countries.

In addition to meeting with the Chinese Minister of Finance, the Minister of Finance is also scheduled to hold meetings with business actors and investors, as well as several international financial institutions, including the People's Bank of China, the Shanghai Cooperation Organization Development Bank, and the Asian Infrastructure Investment Bank.