Beijing. Indonesia has secured strong support from the Chinese government and the People’s Bank of China (PBOC) for its planned debut issuance of Panda Bonds in China’s financial market, Finance Minister Purbaya Yudhi Sadewa said.

The backing was obtained during a series of meetings in Beijing with China’s Ministry of Finance, the central bank, the Asian Infrastructure Investment Bank (AIIB), and potential investors, the minister said on Thursday.

“Overall, the results are very positive. We met the finance minister of China, the People’s Bank of China, and investors here. The support for Indonesia is very strong,” Purbaya said in a statement.

Panda Bonds are yuan-denominated debt securities issued by foreign governments or companies in China’s onshore bond market. Indonesia’s planned issuance is aimed at diversifying funding sources for national development.

Purbaya said Chinese authorities also signaled willingness to accelerate regulatory approvals once Indonesia formally submits its issuance documents.

“We requested support for the Panda Bond issuance, and they were very supportive. When we met the PBOC, we asked for faster licensing, and they said the process would be expedited once the official submission is received,” he said.

The minister said the initiative is aimed at reducing reliance on a single currency in financing development projects and aligns with existing local currency settlement cooperation between Indonesia and China.

He added that the discussions reflected strong confidence in Indonesia’s economic outlook despite global uncertainty.

“The discussions were very constructive and show strong confidence in Indonesia’s economy. Both sides are committed to deepening economic ties,” he said.

During the visit, Purbaya also presented Indonesia’s macroeconomic conditions, stressing that fundamentals remain solid and that the government is continuing efforts to improve the investment climate under President Prabowo Subianto.

He said remaining investor concerns are being addressed to further strengthen Indonesia’s attractiveness as an investment destination.

Indonesia plans to broaden access to diversified financing sources as part of its long-term development strategy, Purbaya added, emphasizing a non-aligned approach to foreign investment.

“The more countries involved in supporting Indonesia’s development, the better. China is an important partner, but we continue to open cooperation with the United States, Singapore, Europe, and others,” he said.