BOC Jakarta Branch contributes financial strength to the economic and trade cooperation and friendly exchanges between China and Indonesia
China and Indonesia face each other across the sea. The friendly ties between China and Indonesia have a long history. As early as 1938, Bank of China (hereinafter referred to as "BOC") established BOC Batavia (former name of Jakarta) office in Indonesia. In 1998, riding the east wind of reform and opening up, BOC sailed to the south and came to this beautiful "country of thousands of islands" along the Maritime Silk Road. After nearly 25 years of hard work and development, BOC Jakarta Branch has grown into an important bridge of economic and trade cooperation as well as friendly exchanges between China and Indonesia, and it has become one of the best foreign banks in Indonesia.
Take on the mission to provide high quality services to accommodate the country's top priorities. BOC Jakarta Branch has always served the national strategy as its mission, strengthened its overall awareness and responsibility, and consciously served the key projects of the Belt and Road Initiative. The Jakarta-Bandung high-speed railway is a landmark project of the Belt and Road Initiative and practical cooperation between China and Indonesia. It has attracted great attention from leaders of the two countries as well as other Indonesians. As the agent bank of the Jakarta-Bandung high speed loan project, BOC has always work closely with China Development Bank as the lender and with the borrower as well to provide a safe, efficient and comprehensive financial service. Starting from the project construction, BOC Jakarta Branch has handled thousands of withdrawals, remittances, and foreign exchange settlements. BOC Jakarta Branch has also handled supporting financial services to the huge team involved in the construction of the project such as payroll, cross-border remittance without any error or delay, which has met the huge and diverse fund needs of the project, relieved the worries of tens of thousands of construction personnel, and become a strong financial support for the Jakarta-Bandung high-speed railway project.
RMB internationalization is also one of the national key strategies, BOC Jakarta Branch attaches great importance to the RMB business and takes various measures to promote the use of the RMB market in Indonesia. BOC Jakarta Branch is known to have the funds pool of RMB yuan notes in Indonesia. The Branch has always maintained its first position as RMB supplier bank in the market for nine years and is the main channel of RMB internationalization in Indonesia. After China and Indonesia officially launched the Local Currency Settlement (LCS) in September 2021, BOC Jakarta successfully launched 6 transactions on the first day, and became the market leader for LCS in Indonesia. At the same time, we actively carried out a series of large-scale publicity and promotion activities to expand the market influence of LCS. In terms of the number of LCS customers and transaction scale, we always kept the first place in the market, promoted the operation of LCS and boosted the increasingly close economic and trade relations between China and Indonesia.
Take the initiative to make use of our advantages and support "Go Global" Chinese enterprises. Located at the "intersection" of the Pacific and Indian Oceans, Indonesia is blessed with a vast territory, abundant resources and a large population. It is the largest economy in Southeast Asia. As the relationship between China and Indonesia grows closer, the investment of Chinese companies in Indonesia continues to be strong. BOC Jakarta Branch is committed to serving Chinese enterprises, giving full play to its financial functions and professional advantages, and vigorously supporting Chinese enterprises in exploring the Indonesian market. The branch provides project financing and working capital support for Chinese-funded projects in the form of syndication, club deal, bilateral and other forms. We will set up a professional team to provide professional agency services for policy banks such as China Development Bank, Export-Import Bank and domestic commercial banks in the financing of Chinese-funded projects in Indonesia, so as to become the most convenient and reliable channel for Chinese-funded projects in Indonesia to use domestic funds. Aiming at the difficulties in the process of Chinese investment in Indonesia, BOC Jakarta launched the "non-resident offshore account" service, which solved the fund needs of Chinese customers who are interested in investing in Indonesia but have not registered yet during the preparatory period. The Pay Roll service has solved difficulties of repatriating wages for Chinese employees of Chinese enterprises, and relieved the worries of many Chinese enterprises and Chinese employees. "To get salary, find the BOC" has become the common aspiration of the employees of Chinese enterprises; The launch of "Four-party Supervision of Listed Companies' Fund Raising" helps Chinese companies that have achieved development results to solve the regulatory requirements of their listed and public bond issuance funds in Indonesia, and facilitate their direct financing. The Tsingshan Industrial Park and the Delong Industrial Park, where the BOC Jakarta Branch provides financing support and other supporting financial services, have transformed from remote islands to productive, eco-friendly and vibrant modern industrial parks, attracting new investors and winning the praise of the Indonesian President and the hearty welcome of the local people. BOC Jakarta has also provided China Energy Group Shenhua Guohua company with project financing and agency services for their Java 7.2 x 1050 MW power plant, the project has brought together the Chinese electric power engineering design, equipment manufacturing, construction, management, operation and other advantages, the Indonesian power capacity on history, the largest and most parameters with the most advanced technology and the index of the optimal efficient and environmentally friendly power station, it has become a key project of Chinese investment in Indonesia. After the completion and operation of the project, it will greatly alleviate the electricity shortage in Java Island and play a strong driving role in local economic growth and social development. The efficient and thoughtful financial services provided by BOC Jakarta will escort the construction of the project.
Provide comprehensive products and hospitable services to help the development of Indonesian local enterprise. Consciously integrate into the local market, constantly enrich products, invest resources, actively provide a full range of financial services for Indonesian customers, support the development and growth of local enterprises. BOC Jakarta provides round-the-clock financial services to its customers through its branches in Jakarta, Surabaya and Medan, as well as online and offline channels such as advanced e-banking and mobile banking. BOC Jakarta gives full play to its advantages by organizing funds through multiple channels and providing customers with three currency services such as rupiah, RMB and US dollar. BOC Jakarta has given significant credit support to local companies such as PLN, Pertamina, Waskita Karya, Wijaya Karya, Sinar Mas and SALIM Group.
Integrate into the local community, fulfill responsibilities and serve as a bridge for friendly exchanges between China and Indonesia. In the past 84 years, BOC Jakarta Branch has cherished deep affection for the beautiful land of Indonesia. The branch has taken the initiative to integrate with the local people, actively fulfilled its social responsibilities, and made great efforts to build a good reputation and image of Chinese enterprises among the Indonesian, thus contributing to the friendly exchanges between China and Indonesia. BOC Jakarta Branch is actively recruiting and cultivating local employees in Indonesia. Chinese and Indonesian employees live in harmony and work together to create value for the society. BOC Jakarta Branch has tailored a package of convenient financial services for overseas students in response to the boom of large number of young Indonesians studying in China. The innovative dual-currency debit card has become a convenient solution for Indonesian students studying in China, and has been recognized and praised by Indonesian students and their parents. "Study in China" has become a prominent service brand of BOC Jakarta Branch to serve Indonesian students, and it has also become the first close contact between many young Indonesians and Chinese enterprises. Many of them choose to join BOC Jakarta after studying and returning from China. BOC Jakarta Branch has long supported the "Chinese Bridge" competition, and many young Indonesians feel the charm of Chinese culture while enjoying the joy of the competition. BOC Jakarta Branch also actively donated money for education, visited the elderly in the community, and donated money to people affected by natural disasters in Lombok Island earthquake, Palu and Donggala Central Sulawesi Province earthquake and tsunami, Banten tsunami, Papua flood and other places. After the outbreak of COVID-19 in 2020, BOC Jakarta donated relief money and goods to Indonesia three times, for which the Indonesian Foreign Ministry sent a special letter to the branch to express its gratitude and appreciation. BOC Jakarta Branch regards Indonesia as its beautiful home, upholds the concept of green, low-carbon and sustainable development, and implements ESG in its operation, management and business development.
BOC Jakarta Branch is committed to becoming a bridge of economic and trade cooperation and friendly exchanges between China and Indonesia. BOC Jakarta Branch has continued to expand its assets, enrich its capital strength, rapidly consolidate its customer base and steadily improve its operating efficiency, leading foreign banks in Indonesia. It has become a popular and influential foreign bank in Indonesia.
China and Indonesia have set the general direction of building a community of shared future, guided China-Indonesia relations from a strategic and long-term perspective, and laid a new foundation for our mutually beneficial cooperation. As President Xi Jinping emphasized during his meeting with Indonesian President Joko Widodo on July 26, 2022, the high-quality cooperation between China and Indonesia in the joint construction of the "Belt and Road" will continue to deepen and yield more fruits. Under the leadership of the Head Office and BOC Hong Kong Headquarters, Bank of China Jakarta Branch will continue to give full play to the advantages of Bank of China in globalization and diversified operations, and in the promotion of the "Belt and Road" initiative, it will keep upright and innovate, and strive to be promising, so as to better reflect the state-owned power. Take the responsibility to write a new chapter for the economic and trade cooperation and friendly exchanges between China and Indonesia.
UCLG-ASPAC Committee on the Belt and Road Local Cooperation
CONTACT US
Secretariat of UCLG-ASPAC Committee on the Belt and Road Local Cooperation
Floor 18, Building C, Civic Center, 18 East Jiefang Road, Jianggan District, Hangzhou
secretariat-brlc@hzfao.gov.cn
Zip code: 310026
工信部备案号：浙ICP备11041366号
杭州市人民政府外事办公室版权所有未经授权禁止复制或镜像
BOC Jakarta Branch contributes financial strength to the economic and trade cooperation and friendly exchanges between China and Indonesia
China and Indonesia face each other across the sea. The friendly ties between China and Indonesia have a long history. As early as 1938, Bank of China (hereinafter referred to as "BOC") established BOC Batavia (former name of Jakarta) office in Indonesia. In 1998, riding the east wind of reform and opening up, BOC sailed to the south and came to this beautiful "country of thousands of islands" along the Maritime Silk Road. After nearly 25 years of hard work and development, BOC Jakarta Branch has grown into an important bridge of economic and trade cooperation as well as friendly exchanges between China and Indonesia, and it has become one of the best foreign banks in Indonesia.
Take on the mission to provide high quality services to accommodate the country's top priorities. BOC Jakarta Branch has always served the national strategy as its mission, strengthened its overall awareness and responsibility, and consciously served the key projects of the Belt and Road Initiative. The Jakarta-Bandung high-speed railway is a landmark project of the Belt and Road Initiative and practical cooperation between China and Indonesia. It has attracted great attention from leaders of the two countries as well as other Indonesians. As the agent bank of the Jakarta-Bandung high speed loan project, BOC has always work closely with China Development Bank as the lender and with the borrower as well to provide a safe, efficient and comprehensive financial service. Starting from the project construction, BOC Jakarta Branch has handled thousands of withdrawals, remittances, and foreign exchange settlements. BOC Jakarta Branch has also handled supporting financial services to the huge team involved in the construction of the project such as payroll, cross-border remittance without any error or delay, which has met the huge and diverse fund needs of the project, relieved the worries of tens of thousands of construction personnel, and become a strong financial support for the Jakarta-Bandung high-speed railway project.
RMB internationalization is also one of the national key strategies, BOC Jakarta Branch attaches great importance to the RMB business and takes various measures to promote the use of the RMB market in Indonesia. BOC Jakarta Branch is known to have the funds pool of RMB yuan notes in Indonesia. The Branch has always maintained its first position as RMB supplier bank in the market for nine years and is the main channel of RMB internationalization in Indonesia. After China and Indonesia officially launched the Local Currency Settlement (LCS) in September 2021, BOC Jakarta successfully launched 6 transactions on the first day, and became the market leader for LCS in Indonesia. At the same time, we actively carried out a series of large-scale publicity and promotion activities to expand the market influence of LCS. In terms of the number of LCS customers and transaction scale, we always kept the first place in the market, promoted the operation of LCS and boosted the increasingly close economic and trade relations between China and Indonesia.
Take the initiative to make use of our advantages and support "Go Global" Chinese enterprises. Located at the "intersection" of the Pacific and Indian Oceans, Indonesia is blessed with a vast territory, abundant resources and a large population. It is the largest economy in Southeast Asia. As the relationship between China and Indonesia grows closer, the investment of Chinese companies in Indonesia continues to be strong. BOC Jakarta Branch is committed to serving Chinese enterprises, giving full play to its financial functions and professional advantages, and vigorously supporting Chinese enterprises in exploring the Indonesian market. The branch provides project financing and working capital support for Chinese-funded projects in the form of syndication, club deal, bilateral and other forms. We will set up a professional team to provide professional agency services for policy banks such as China Development Bank, Export-Import Bank and domestic commercial banks in the financing of Chinese-funded projects in Indonesia, so as to become the most convenient and reliable channel for Chinese-funded projects in Indonesia to use domestic funds. Aiming at the difficulties in the process of Chinese investment in Indonesia, BOC Jakarta launched the "non-resident offshore account" service, which solved the fund needs of Chinese customers who are interested in investing in Indonesia but have not registered yet during the preparatory period. The Pay Roll service has solved difficulties of repatriating wages for Chinese employees of Chinese enterprises, and relieved the worries of many Chinese enterprises and Chinese employees. "To get salary, find the BOC" has become the common aspiration of the employees of Chinese enterprises; The launch of "Four-party Supervision of Listed Companies' Fund Raising" helps Chinese companies that have achieved development results to solve the regulatory requirements of their listed and public bond issuance funds in Indonesia, and facilitate their direct financing. The Tsingshan Industrial Park and the Delong Industrial Park, where the BOC Jakarta Branch provides financing support and other supporting financial services, have transformed from remote islands to productive, eco-friendly and vibrant modern industrial parks, attracting new investors and winning the praise of the Indonesian President and the hearty welcome of the local people. BOC Jakarta has also provided China Energy Group Shenhua Guohua company with project financing and agency services for their Java 7.2 x 1050 MW power plant, the project has brought together the Chinese electric power engineering design, equipment manufacturing, construction, management, operation and other advantages, the Indonesian power capacity on history, the largest and most parameters with the most advanced technology and the index of the optimal efficient and environmentally friendly power station, it has become a key project of Chinese investment in Indonesia. After the completion and operation of the project, it will greatly alleviate the electricity shortage in Java Island and play a strong driving role in local economic growth and social development. The efficient and thoughtful financial services provided by BOC Jakarta will escort the construction of the project.
Provide comprehensive products and hospitable services to help the development of Indonesian local enterprise. Consciously integrate into the local market, constantly enrich products, invest resources, actively provide a full range of financial services for Indonesian customers, support the development and growth of local enterprises. BOC Jakarta provides round-the-clock financial services to its customers through its branches in Jakarta, Surabaya and Medan, as well as online and offline channels such as advanced e-banking and mobile banking. BOC Jakarta gives full play to its advantages by organizing funds through multiple channels and providing customers with three currency services such as rupiah, RMB and US dollar. BOC Jakarta has given significant credit support to local companies such as PLN, Pertamina, Waskita Karya, Wijaya Karya, Sinar Mas and SALIM Group.
Integrate into the local community, fulfill responsibilities and serve as a bridge for friendly exchanges between China and Indonesia. In the past 84 years, BOC Jakarta Branch has cherished deep affection for the beautiful land of Indonesia. The branch has taken the initiative to integrate with the local people, actively fulfilled its social responsibilities, and made great efforts to build a good reputation and image of Chinese enterprises among the Indonesian, thus contributing to the friendly exchanges between China and Indonesia. BOC Jakarta Branch is actively recruiting and cultivating local employees in Indonesia. Chinese and Indonesian employees live in harmony and work together to create value for the society. BOC Jakarta Branch has tailored a package of convenient financial services for overseas students in response to the boom of large number of young Indonesians studying in China. The innovative dual-currency debit card has become a convenient solution for Indonesian students studying in China, and has been recognized and praised by Indonesian students and their parents. "Study in China" has become a prominent service brand of BOC Jakarta Branch to serve Indonesian students, and it has also become the first close contact between many young Indonesians and Chinese enterprises. Many of them choose to join BOC Jakarta after studying and returning from China. BOC Jakarta Branch has long supported the "Chinese Bridge" competition, and many young Indonesians feel the charm of Chinese culture while enjoying the joy of the competition. BOC Jakarta Branch also actively donated money for education, visited the elderly in the community, and donated money to people affected by natural disasters in Lombok Island earthquake, Palu and Donggala Central Sulawesi Province earthquake and tsunami, Banten tsunami, Papua flood and other places. After the outbreak of COVID-19 in 2020, BOC Jakarta donated relief money and goods to Indonesia three times, for which the Indonesian Foreign Ministry sent a special letter to the branch to express its gratitude and appreciation. BOC Jakarta Branch regards Indonesia as its beautiful home, upholds the concept of green, low-carbon and sustainable development, and implements ESG in its operation, management and business development.
BOC Jakarta Branch is committed to becoming a bridge of economic and trade cooperation and friendly exchanges between China and Indonesia. BOC Jakarta Branch has continued to expand its assets, enrich its capital strength, rapidly consolidate its customer base and steadily improve its operating efficiency, leading foreign banks in Indonesia. It has become a popular and influential foreign bank in Indonesia.
China and Indonesia have set the general direction of building a community of shared future, guided China-Indonesia relations from a strategic and long-term perspective, and laid a new foundation for our mutually beneficial cooperation. As President Xi Jinping emphasized during his meeting with Indonesian President Joko Widodo on July 26, 2022, the high-quality cooperation between China and Indonesia in the joint construction of the "Belt and Road" will continue to deepen and yield more fruits. Under the leadership of the Head Office and BOC Hong Kong Headquarters, Bank of China Jakarta Branch will continue to give full play to the advantages of Bank of China in globalization and diversified operations, and in the promotion of the "Belt and Road" initiative, it will keep upright and innovate, and strive to be promising, so as to better reflect the state-owned power. Take the responsibility to write a new chapter for the economic and trade cooperation and friendly exchanges between China and Indonesia.
