中国印尼跨境金融合作升级，二维码互通互联年内全面投产

Core Points - The China-Indonesia cross-border QR code interconnectivity project is expected to be fully operational by 2025, utilizing local currency settlement [1] - The People's Bank of China and Bank Indonesia have launched a bilateral local currency transaction (LCT) framework to enhance the use of local currencies in bilateral trade and investment [1][2] - The LCT framework was upgraded from a previous agreement established in 2020, expanding the scope of local currency settlement to all items in the balance of payments [1] - The initial pilot operation of the cross-border QR code interconnectivity project has commenced, marking significant progress in payment cooperation between the two countries [1] - In the first seven months of 2025, the local currency settlement scale between Indonesia and China reached 6.23 billion USD, accounting for 45% of Indonesia's total local currency settlement with all trade partners [2] - The initiative aims to enhance financial system connectivity and improve financial security and inclusiveness between the two nations [2]