Group 1 - ChinaAMC has signed a memorandum of understanding with the Omani government delegation to promote bilateral investment projects and establish a foundation for further financial cooperation between China, Oman, and Gulf countries [1] - The Omani representatives include senior officials from the Oman Investment Authority, Financial Services Regulatory Authority, Muscat Securities Market, and Muscat Clearing and Depository [1] - The memorandum is based on the partnership between ChinaAMC and Jabal Asset Management, which was first announced at the end of last year when Jabal Asset Management launched the Loong Fund to assist investors in entering the Chinese stock market [1]

Core Points - The People's Bank of China and Bank Indonesia have jointly launched a bilateral local currency settlement (LCT) framework and a cross-border QR code interoperability project [1][2] - The LCT framework aims to expand the scope of local currency settlement to all items in the balance of payments, facilitating the use of local currencies in bilateral trade and investment [1][4] - The cross-border QR code interoperability project is expected to be fully operational by 2025, utilizing local currency settlement methods [2] Summary by Sections Bilateral Local Currency Settlement Framework - The LCT framework was officially announced by the central bank governors of China and Indonesia, with a memorandum of cooperation signed in May 2025 [1][4] - The framework aims to enhance the use of local currencies in trade and investment, reflecting the deepening financial cooperation between the two countries [2][4] Cross-Border QR Code Interoperability - The cross-border QR code interoperability project is a significant advancement in payment cooperation between China and Indonesia, expected to be fully operational within 2025 [2] - This project is part of the broader efforts to deepen financial collaboration and enhance market understanding of the LCT framework [2] Financial Cooperation and Future Prospects - Both countries have agreed to establish a joint working mechanism to further institutionalize bilateral financial cooperation [3] - The ongoing financial collaboration is supported by increasing political trust and the growing economic ties between China and Indonesia [2][4]

Core Points - The People's Bank of China and Bank Indonesia officially launched the bilateral Local Currency Transaction (LCT) framework on September 11, expanding the scope of local currency settlement to all items of international balance of payments [1] - The two central banks also initiated a cross-border QR code interoperability project, expected to be fully operational by 2025, which will utilize local currency settlement [1] - The LCT framework was upgraded from a previous memorandum signed in May 2023, aimed at facilitating the use of local currencies in bilateral trade and investment [1] - From January to July 2025, the local currency settlement volume under the LCT framework reached $6.23 billion, accounting for 45% of Indonesia's total local currency settlement with all trade partners [1] Financial Cooperation - The establishment of the LCT framework and cross-border QR code interoperability is seen as a significant achievement in China-Indonesia financial cooperation [1] - The two central banks plan to deepen collaboration in areas such as payment system connectivity, local currency usage, financial market openness, and digital currencies [1][2] - A joint working mechanism will be established to enhance the institutionalization of bilateral cooperation and promote deeper financial collaboration [2]

Core Viewpoint - The People's Bank of China and Bank Indonesia have jointly launched a bilateral local currency settlement (LCT) framework and a cross-border QR code interoperability project, marking a significant advancement in financial cooperation between the two countries [1][3]. Group 1: Bilateral Local Currency Settlement Framework - The LCT framework was officially announced during an event held simultaneously in Beijing and Jakarta, attended by key officials from both countries [3]. - The 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 [3]. - As of January to July 2025, the local currency settlement volume under the LCT framework reached $6.23 billion, accounting for 45% of Indonesia's total local currency settlements with all trade partners [7]. Group 2: Cross-Border QR Code Interoperability - The cross-border QR code interoperability project has been initiated and is expected to be fully operational within 2025, utilizing local currency settlement methods [3]. - This project represents a significant step forward in payment cooperation between China and Indonesia [3]. Group 3: Financial Cooperation and Future Prospects - The establishment of the LCT framework and QR code interoperability is seen as a result of deepening political trust and the growing economic ties between China and Indonesia [5]. - Both countries are encouraged to continue enhancing cooperation in areas such as payment system connectivity, local currency usage, financial market openness, and digital currencies [5]. - A joint working mechanism between the two central banks will be established to further institutionalize bilateral cooperation in finance [7].

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]

Core Viewpoint - The People's Bank of China and the Central Bank of Egypt signed a memorandum of understanding to enhance bilateral financial cooperation and promote local currency settlement, amidst growing trade and shared challenges between the two nations [1] Group 1: Bilateral Financial Cooperation - The memorandum aims to deepen practical cooperation in areas such as bilateral currency swaps and settlements, payment system connectivity, investment and financing in financial markets, and mutual establishment of financial institutions [1] - The cooperation is expected to provide more efficient and convenient services for trade and investment between Chinese and Egyptian enterprises [1] Group 2: Trade Growth and Strategic Partnership - Bilateral trade between China and Egypt is steadily increasing, reflecting a positive momentum in financial and economic collaboration [1] - The partnership is positioned to further consolidate and deepen the comprehensive strategic partnership between China and Egypt [1]

Core Viewpoint - The signing of a memorandum of understanding between the People's Bank of China and the Central Bank of Egypt aims to enhance bilateral financial cooperation and promote the use of local currencies in transactions [1] Group 1: Bilateral Financial Cooperation - The memorandum focuses on strengthening cooperation in areas such as monetary policy frameworks, financial markets, and payment systems [1] - It emphasizes business exchanges and information sharing between the two central banks [1] Group 2: Local Currency Settlement - The agreement aims to enhance cooperation in local currency settlement, promoting the use of local currencies in current account transactions and direct investments between China and Egypt [1] Group 3: Central Bank Digital Currency and Innovation - The memorandum includes collaboration in central bank digital currencies and digital innovation, covering information exchange and project cooperation [1] - This arrangement is expected to improve communication and policy coordination in relevant fields, creating a better environment for financial cooperation [1]