The National Bank of Hungary announced that it has signed a cooperation agreement with the People’s Bank of China to deepen bilateral cooperation and promote knowledge sharing, including on green finance, combating cyber fraud and financial stability. The agreement also covers cooperation on central bank digital currency, artificial intelligence and digitalisation, instant payment systems and financial awareness. The announcement framed the cooperation in the context of heightened global economic uncertainty linked to changing customs policy plans, and noted China’s role as a key trading partner for Hungary and a major source of working capital into Europe, with EUR 3.1 billion reaching Hungary last year.
National Bank of Hungary 2025-06-18
National Bank of Hungary signs cooperation agreement with the People’s Bank of China on green finance, CBDC and cyber fraud
The National Bank of Hungary has signed a cooperation agreement with the People’s Bank of China to enhance collaboration in green finance, cyber fraud prevention, and financial stability. It includes cooperation on central bank digital currency, artificial intelligence, digitalisation, instant payment systems, and financial awareness. This partnership highlights China's significant role as a trading partner and investor in Hungary amid global economic uncertainty.