The People's Bank of China and the National Bank of Hungary signed a memorandum of cooperation.

On June 18, 2025, Pan Gongsheng, Governor of the People's Bank of China, met with visiting Governor of the National Bank of Hungary, Walgar. The two sides exchanged in-depth views on the economic and financial situations of the two countries, as well as on China-Hungary financial cooperation, and signed a memorandum of understanding between the People's Bank of China and the National Bank of Hungary, covering topics such as the exchange of economic and financial situations, green finance, and deepening cooperation between the central banks of China and Hungary. Pan Gongsheng stated that against the backdrop of increasing global uncertainties, China's macroeconomic policies are more proactive and effective, promoting the economy to maintain a positive momentum. In recent years, China-Hungary financial cooperation has continued to deepen, creating a comprehensive "golden channel" of cooperation. The People's Bank of China is willing to continue to work hand in hand with the National Bank of Hungary for practical cooperation and to take bilateral relations to a new level. Walgar expressed that the potential for cooperation between the central banks of China and Hungary is enormous, and the National Bank of Hungary is willing to continue to expand the depth and breadth of cooperation with the People's Bank of China, providing solid support for the economic and financial development of both countries.