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

On June 18, 2025, the Governor of the People's Bank of China, Pan Gongsheng, met with visiting Governor of the National Bank of Hungary, Varga. The two sides exchanged views in-depth on the economic and financial situations of the two countries, as well as on China-Hungary financial cooperation, and signed the "Memorandum of Understanding on Cooperation between the People's Bank of China and the National Bank of Hungary", covering topics such as exchanges on 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 rising global uncertainty, China's macroeconomic policies are more proactive and effective, promoting the economy to maintain a positive trend. In recent years, China-Hungary financial cooperation has been deepening, opening up a comprehensive cooperation "golden route". The People's Bank of China is willing to continue to work hand in hand with the National Bank of Hungary for pragmatic cooperation, and take bilateral relations to a new level.