中国、印尼两国央行共同启动双边交易本币结算框架和二维码互联互通合作项目

Core Points - The People's Bank of China and Bank Indonesia have launched a bilateral local currency settlement (LCT) framework and a cross-border QR code interoperability project, marking a significant step in financial cooperation between the two countries [1][2] - The LCT framework expands the scope of local currency settlement to cover all items in the balance of payments, facilitating the use of local currencies in bilateral trade and investment [1] - The LCT framework was upgraded from a previous memorandum signed in May 2025, which aimed to enhance local currency settlement for current account transactions and direct investments [1] - The cross-border QR code interoperability project is set to begin pilot operations and is expected to be fully operational by 2025, representing a key advancement in payment cooperation [1] - The Chinese central bank governor emphasized the importance of deepening cooperation in payment system connectivity, local currency usage, financial market openness, and digital currencies [1] - In the first seven months of 2025, the local currency settlement volume between Indonesia and China reached USD 6.23 billion, accounting for 45% of Indonesia's total local currency settlements with all trade partners [2] - The initiative aims to enhance market understanding and participation in the LCT framework, reflecting a shared vision for improved financial system connectivity and security [2]