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Hong Kong, Indonesia move towards direct transactions in yuan, rupiah

Hong Kong, Indonesia move towards direct transactions in yuan, rupiah
South China Morning Post Thursday 11 June 2026, 12:42 UTC By Zhu Wenqian 1 min read
Key Points

The People’s Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create a framework for bilateral transactions between Indonesia and Hong Kong. The parties aimed to implement a currency transaction framework for the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and investment activities among companies and institutions in Indonesia and Hong Kong, according to an HKMA statement. This initiative...

The People’s Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create a framework for bilateral transactions between Indonesia and Hong Kong. The parties aimed to implement a currency transaction framework for the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and investment activities among companies and institutions in Indonesia and Hong Kong, according to an HKMA statement. This initiative was...
Hong Kong (LOCATION) Indonesia (LOCATION) The People’s Bank of China (ORG) Bank Indonesia (ORG) Indonesian (ORG) Chinese (ORG) HKMA (ORG)
Originally published by South China Morning Post Read original →

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