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2025-09-14 14:28:13
[The "Budapest RMB Initiative 2025" Forum was held in Hungary] The "Budapest RMB Initiative 2025" Forum was recently held in Budapest, the capital of Hungary. Representatives from the Chinese and Hungarian political and economic circles attending the forum believed that the two countries' financial cooperation has achieved fruitful results and made positive contributions to the diversified development of the global financial system. The Governor of the Hungarian National Bank (central bank), Mihaly Varga, said that this year not only marks the tenth anniversary of the launch of the "RMB Project" by the Hungarian National Bank, but also the tenth anniversary of the Bank of China being approved to operate an offshore RMB clearing center in Hungary. Hungary is the first country in Europe to issue government bonds in the offshore and onshore RMB markets, and issued the first green sovereign panda bond in 2021. Hungary has always been committed to promoting Eurasian cooperation and financial and economic diversification. (Xinhua News Agency)
