The People's Bank of China announced that Governor Pan Gongsheng met Hungarian National Bank Governor Varga and signed a memorandum of understanding to deepen bilateral central bank cooperation. The memorandum covers exchanges on economic and financial conditions, green finance, and broader cooperation between the two central banks. The meeting included discussions on the two countries’ economic and financial situations and the state of China–Hungary financial cooperation. Pan linked the dialogue to rising global uncertainty and described China’s macro policy stance as more proactive, while Varga pointed to further potential to expand the depth and breadth of central bank cooperation to support the two countries’ economic and financial development.
Central Bank of the Republic of China 2025-06-18
People's Bank of China and Hungarian National Bank sign cooperation memorandum covering green finance and economic and financial exchanges
The People's Bank of China and the Hungarian National Bank signed a memorandum of understanding to enhance bilateral central bank cooperation, focusing on economic and financial exchanges, green finance, and broader collaboration. Discussions highlighted global uncertainty, with China adopting a more proactive macro policy stance and Hungary seeking to expand cooperation to support economic and financial development.