Purbaya Meets with Chinese Finance Minister to Strengthen Financial Cooperation

Beijing: The Indonesian government reaffirms its commitment to maintain economic development through measured, disciplined, and long-term financing strategies amidst ongoing global instability and economic volatility.
 
As part of this effort, Indonesian Minister of Finance, Purbaya Yudhi Sadewa, visited Beijing, China.
 
Minister Purbaya held a bilateral meeting with the People's Republic of China’s (PRC) Minister of Finance, Lan Fo'an, at the Chinese Ministry of Finance Office in Beijing on Wednesday, June 17, 2026.
 
The meeting served as part of the government's strategy to strengthen access to development financing, expand the investor base, and deepen economic partnerships with strategic actors.
 
“Indonesia will not stand idle. We will be proactive in building a strong and sustainable financing foundation that will enable continued development amidst various global challenges," said Minister Purbaya in a press release received by Metrotvnews.com.
 
The Minister of Finance emphasized that his visit to Beijing was part of the government's carefully drawn-out long-term financing strategy, which reflected Indonesia's commitment to expanding its competitive financing sources and strengthening international investor confidence.
 

Mutually Beneficial Cooperation

Speaking on the matter, Minister Purbaya stated, “this is part of a plan that has been formulated far in advance. The government continues to implement its financing strategy in a measured, disciplined, and long-term manner."
 
He added that Indonesia's economic fundamentals remained strong, as disclosed through the government's manageable debt ratio, a budget deficit that lies within safe limits, and the nation’s sustained economic growth.
 
He reiterated, “we came to Beijing not out of urgency, but because Indonesia is in a strong position to build mutually beneficial cooperation. When the economic foundation is solid, we have the leeway to act more strategically and with greater confidence."
 
The Minister of Finance also stated that investor confidence in Indonesia persists at a sound level.
 
High investor interest in government financial instruments and national macroeconomic stability amidst global instability has demonstrated steadfast confidence in the state.
 
“Market confidence is not built overnight. It is the result of fiscal discipline, consistent reforms, and the government’s-maintained policy credibility. Hence why Indonesia remains as an attractive investment destination within the region," explained the Minister Purbaya.
 

Panda Bonds

During the meeting, Minister of Finance Purbaya emphasized the significance of Indonesia and China’s established economic ties. He expressed his hope to strengthen their cooperation across various international forums, including the G20 Finance Track, the APEC Finance Ministers' Process, and ASEAN+3.
 
The issuance of the sovereign Panda Bonds served as another one of Minister Purbaya’s main agendas for the visit. The government views the instrument as a strategic step towards the diversification of financing sources and the expansion of the investor base, whilst simultaneously strengthening economic relations with China.
 
The issuance of the sovereign Panda Bonds is also expected to support the use of local currencies in bilateral transactions (Local Currency Transactions/LCTs) and encourage the deepening of financial cooperation between the two countries.
 
The working visit is ultimately expected to strengthen Indonesia's position in managing development financing sustainably, whilst expanding its network of strategic partnerships with global investors. The government is optimistic that it could lead to long-term benefits for the national economy, and that it would reinforce Indonesia's resilience in the face of global turmoil.
 
“While some choose to wait for certainty, Indonesia chooses to prepare for the future. That is why we continue to move forward, to build trust, and to strengthen the foundations of the nation's economy," declared the Minister of Finance.
 
Minister Purbaya is scheduled to meet with potential investors following the conclusion of his meeting with Minister Lan Fo'an.
 
For the remainder of his visit, the Minister will hold meetings with the People's Bank of China (PBOC), the Shanghai Cooperation Organization (SCO) Development Bank, and the Asian Infrastructure Investment Bank (AIIB).
 
(Jonathan Sianto)