As Chinese companies expand their footprint across Indonesia and Southeast Asia, Standard Chartered Indonesia is positioning itself as a key financial partner in this accelerating economic partnership. CEO Donny Donosepoetro revealed in an exclusive interview with CGTN that the bank has facilitated over $1.2 billion in cross-border financing for infrastructure and technology projects in 2023 alone.
"The synergy between China's technological expertise and Indonesia's resource wealth creates unprecedented opportunities," Donosepoetro noted, highlighting renewable energy and digital infrastructure as priority sectors. The bank's strategy aligns with Indonesia's $600 billion infrastructure development plan and China's deepening Belt and Road Initiative engagements in ASEAN.
This financial bridge comes as bilateral trade between China and Indonesia grew 18% year-on-year in Q1 2024, with electric vehicle components and nickel processing driving much of the growth. Analysts suggest the trend could reshape supply chains across the Java Sea Economic Corridor, creating new opportunities for businesses and investors alike.
