Green Finance and Sino-Hungarian Cooperation– Report on the Budapest Renminbi InitiativeConference

On 23 September 2024, the Magyar Nemzeti Bank (the central bank of Hungary, MNB) hosted the Budapest Renminbi Initiative Conference for the eighth time.In order to strengthen good relations with China, the series of events launched by the MNB in 2015 was organised around two themes this year: the role of green finance in the internationalisation of the renminbi, and the present and future of Sino-Hungarian financial cooperation under the Belt and Road Initiative (BRI).The event, co-organised with Bank of China (CEE) Ltd., also commemorated the 75th anniversary of diplomatic relations between Hungary and the People's Republic of China.The distinguished national and international experts who spoke at the conference agreed that green financial cooperation is a key element of the Belt and Road Initiative, which is increasingly important in the development of Sino-Hungarian relations.China is supporting European sustainability ambitions and sustainable economic growth through green investment.