The cross-border RMB clearing business of the Bank of China has ranked first for 11 years.
On July 9th local time, the Eastern Building Branch of the Bank of China in Jakarta held a grand reopening ceremony. Guests from both China and Indonesia attended the event.
As early as 1938, the Bank of China established the Batavia Manager's Office on the Java Island and has been deeply involved in Indonesia for 87 years. It is an important layout of the Bank of China at a key node of the "Belt and Road Initiative". The Eastern Building Branch is located in the core business district of Jakarta and is adjacent to many Chinese-funded enterprises. Over the past five years, the business scale of this branch has increased by more than ten times.
The行长 of the Bank of China in Jakarta， Sun Shangbin， introduced that in recent years， the Bank of China has actively promoted financial cooperation between China and Indonesia and promoted the development of RMB business in Indonesia. It has the largest RMB fund pool in Indonesia and is the largest supplier of RMB banknotes in Indonesia. The number of RMB settlements and the amount of RMB cash have always ranked first in the market， and cross-border RMB settlements have remained the first in the market for 11 consecutive years. It has become the main channel for RMB business in Indonesia. (Reporter Li Zhiquan)