{"id":24870,"date":"2025-06-05T15:12:34","date_gmt":"2025-06-05T08:12:34","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=24870"},"modified":"2025-06-05T15:12:34","modified_gmt":"2025-06-05T08:12:34","slug":"indonesia-cements-status-as-chinas-top-asean-partner-with-historic-currency-pact-ebc-financial-group-insights","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=24870","title":{"rendered":"Indonesia Cements Status as China\u2019s Top ASEAN Partner with Historic Currency Pact \u2013 EBC Financial Group Insights"},"content":{"rendered":"<h4><i>With bilateral trade projected to hit USD160B in 2025, Indonesia\u2019s Yuan-Rupiah pact with China for de-dollarisation and reshapes ASEAN\u2019s financial future.<\/i><\/h4>\n\n<p>JAKARTA, INDONESIA &#8211;  <a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach Newswire<\/a> &#8211; 5 June 2025 &#8211; As one of China&#8217;s largest ASEAN trading partners, with bilateral commerce reaching USD147.80 billion in 2024 (6.1% YoY growth), Indonesia has solidified its economic ties with China. During Chinese Premier Li Qiang&#8217;s state visit ahead of the ASEAN-GCC-China Summit, the two nations signed four new MoUs\u2014most critically, an upgraded Local Currency Settlement (LCS) pact between Bank Indonesia (BI) and the People&#8217;s Bank of China (PBOC). EBC Financial Group (EBC), a leading brokerage firm, examines how this agreement redefines Indonesia&#8217;s economic resilience. <\/p>\n<figure align=\"center\">   <img decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/release.php\/Images\/638073\/Media-30-May-5-.jpg\" alt=\"Indonesia cements its position as China's top ASEAN partner with USD147.8B bilateral trade in 2024, strengthened by a historic Yuan-Rupiah currency pact.\" width=\"100%\" \/> <\/figure>\n<p> <b>Sectoral Wins: The Foundation for Deeper Ties<\/b> <br \/> The accords support Indonesia&#8217;s LCS framework across key sectors. Trade and tourism will benefit from streamlined visa policies, targeting 2 million Chinese visitors in 2025. A USD5 billion commitment for twin industrial parks (Fujian-Batang SEZ) will create over 100,000 jobs. Soft power initiatives, like joint TB vaccine research and media collaboration, strengthen people-to-people ties. <\/p>\n<p> <b>The LCS Breakthrough: Financial Sovereignty in Action<\/b> <br \/> The BI-PBOC agreement enables Rupiah-Yuan use in capital accounts, offering three advantages: <\/p>\n<ul>\n<li>     <b>Trade Shield<\/b>: Bilateral trade (USD147.80B in 2024, +6.1% YoY) avoids costly USD conversions for exports like palm oil and nickel.   <\/li>\n<li>     <b>Rate Cut Buffer<\/b>: BI gains flexibility with 5.3% of reserves in yuan, easing policy without destabilising the Rupiah.   <\/li>\n<li>     <b>BRICS Leverage<\/b>: Access to New Development Bank funding supports President Prabowo&#8217;s USD20B infrastructure agenda, reducing dollar reliance.   <\/li>\n<\/ul>\n<p> &#8220;This isn&#8217;t just about cutting transaction fees\u2014it&#8217;s a recalibration of Indonesia&#8217;s financial DNA,&#8221; says David Barrett, CEO of EBC Financial Group (UK) Ltd. &#8220;By enabling Yuan-backed trade and investment flows, BI is building a hedge against Fed policy shocks.&#8221; <\/p>\n<p> <b>ASEAN&#8217;s New Template: Unity Amid Global Realignments<\/b> <br \/> China-ASEAN trade hit USD330B (Jan-Apr 2025, +9.2% YoY), with Indonesia leading regional integration. The upgraded CAFTA 3.0 and ASEAN-GCC-China Summit highlight diversified economic partnerships. As Barrett notes, &#8220;Indonesia is crafting a blueprint for monetary diversification. The Local Currency Settlement (LCS) deal illustrates how mid-sized economies can reduce overreliance on a single dominant currency, balancing regional cohesion with global standards.&#8221; <br \/>Hashtag: #EBCFinancialGroup #BRICS<\/p>\n<p><a href=\"https:\/\/www.ebc.com\/\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/generic_link.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>https:\/\/www.ebc.com\/<\/a><br \/><a href=\"https:\/\/www.linkedin.com\/company\/ebcgroup\/\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-linkedin-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>https:\/\/www.linkedin.com\/company\/ebcgroup\/<\/a><br \/><a href=\"https:\/\/x.com\/EBCGROUP_Global\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-twitter-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>https:\/\/x.com\/EBCGROUP_Global<\/a><br \/><a href=\"https:\/\/www.instagram.com\/ebcfinancialgroup\/\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/resize-instagram-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>https:\/\/www.instagram.com\/ebcfinancialgroup\/<\/a><\/p>\n<p>The issuer is solely responsible for the content of this announcement.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/track.media-outreach.com\/index.php\/WebView\/386822\/118699\" alt=\"\" width=\"1\" height=\"1\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<h4><i>With bilateral trade projected to hit USD160B in 2025, Indonesia\u2019s Yuan-Rupiah pact with China for de-dollarisation and reshapes ASEAN\u2019s financial future.<\/i><\/h4>\n<p>JAKARTA, INDONESIA &#8211;  <a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach Newswire<\/a> &#8211; 5 June 2025 &#8211; As one of China&#8217;s largest ASEAN trading partners, with bilateral commerce reaching USD147.80 billion in 2024 (6.1% YoY growth), Indonesia has solidified its economic ties with China. During Chinese Premier Li Qiang&#8217;s state visit ahead of the ASEAN-GCC-China Summit, the two nations signed four new MoUs\u2014most critically, an upgraded Local Currency Settlement (LCS) pact between Bank Indonesia (BI) and the People&#8217;s Bank of China (PBOC). EBC Financial Group (EBC), a leading brokerage firm, examines how this agreement redefines Indonesia&#8217;s economic resilience. <\/p>\n<figure align=\"center\">   <img decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/release.php\/Images\/638073\/Media-30-May-5-.jpg\" alt=\"Indonesia cements its position as China's top ASEAN partner with USD147.8B bilateral trade in 2024, strengthened by a historic Yuan-Rupiah currency pact.\" width=\"100%\" \/> <\/figure>\n<p> <b>Sectoral Wins: The Foundation for Deeper Ties<\/b> <br \/> The accords support Indonesia&#8217;s LCS framework across key sectors. Trade and tourism will benefit from streamlined visa policies, targeting 2 million Chinese visitors in 2025. A USD5 billion commitment for twin industrial parks (Fujian-Batang SEZ) will create over 100,000 jobs. Soft power initiatives, like joint TB vaccine research and media collaboration, strengthen people-to-people ties. <\/p>\n<p> <b>The LCS Breakthrough: Financial Sovereignty in Action<\/b> <br \/> The BI-PBOC agreement enables Rupiah-Yuan use in capital accounts, offering three advantages: <\/p>\n<ul>\n<li>     <b>Trade Shield<\/b>: Bilateral trade (USD147.80B in 2024, +6.1% YoY) avoids costly USD conversions for exports like palm oil and nickel.   <\/li>\n<li>     <b>Rate Cut Buffer<\/b>: BI gains flexibility with 5.3% of reserves in yuan, easing policy without destabilising the Rupiah.   <\/li>\n<li>     <b>BRICS Leverage<\/b>: Access to New Development Bank funding supports President Prabowo&#8217;s USD20B infrastructure agenda, reducing dollar reliance.   <\/li>\n<\/ul>\n<p> &#8220;This isn&#8217;t just about cutting transaction fees\u2014it&#8217;s a recalibration of Indonesia&#8217;s financial DNA,&#8221; says David Barrett, CEO of EBC Financial Group (UK) Ltd. &#8220;By enabling Yuan-backed trade and investment flows, BI is building a hedge against Fed policy shocks.&#8221; <\/p>\n<p> <b>ASEAN&#8217;s New Template: Unity Amid Global Realignments<\/b> <br \/> China-ASEAN trade hit USD330B (Jan-Apr 2025, +9.2% YoY), with Indonesia leading regional integration. The upgraded CAFTA 3.0 and ASEAN-GCC-China Summit highlight diversified economic partnerships. As Barrett notes, &#8220;Indonesia is crafting a blueprint for monetary diversification. The Local Currency Settlement (LCS) deal illustrates how mid-sized economies can reduce overreliance on a single dominant currency, balancing regional cohesion with global standards.&#8221; <br \/>Hashtag: #EBCFinancialGroup #BRICS<\/p>\n<p><a href=\"https:\/\/www.ebc.com\/\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/generic_link.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>https:\/\/www.ebc.com\/<\/a><br \/><a href=\"https:\/\/www.linkedin.com\/company\/ebcgroup\/\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-linkedin-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>https:\/\/www.linkedin.com\/company\/ebcgroup\/<\/a><br \/><a href=\"https:\/\/x.com\/EBCGROUP_Global\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-twitter-1-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>https:\/\/x.com\/EBCGROUP_Global<\/a><br \/><a href=\"https:\/\/www.instagram.com\/ebcfinancialgroup\/\" class=\"social-media-link\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/resize-instagram-24.png\" width=\"24\" height=\"24\" data-no-lazy=\"1\" \/>https:\/\/www.instagram.com\/ebcfinancialgroup\/<\/a><\/p>\n<p>The issuer is solely responsible for the content of this announcement.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/track.media-outreach.com\/index.php\/WebView\/386822\/118699\" alt=\"\" width=\"1\" height=\"1\" \/><\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-24870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-outreach-newswire","category-media-outreach-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/24870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24870"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/24870\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}