Indonesia hails China’s backing for panda bond amid investor concerns over rules

Indonesia’s efforts to woo back Chinese investors may be gaining traction after Finance Minister Purbaya Yudhi Sadewa returned from Beijing with a multibillion-dollar funding commitment and political backing for the Southeast Asian country’s debut yuan-denominated sovereign bond. Whether the bilateral talks translate into lasting investor confidence in Indonesia’s economic fundamentals remains to be seen, as global companies continue to weigh Jakarta’s shifting rules, challenging budget outlook.