The People's Bank of China has renewed bilateral currency swap agreements with the European Central Bank, the Swiss National Bank, and the Central Bank of Hungary.

On September 7th and 8th, 2025, the People's Bank of China signed bilateral currency swap agreements with the European Central Bank, Swiss National Bank, and Central Bank of Hungary. The size of the China-EU bilateral currency swap is 350 billion RMB/45 billion euros, with a validity period of three years. The size of the China-Swiss bilateral currency swap is 150 billion RMB/17 billion Swiss Francs, with a validity period of five years. The size of the China-Hungary bilateral currency swap is 40 billion RMB/19 trillion Hungarian Forints, with a validity period of five years. The renewal of the above-mentioned bilateral currency swap agreements will help further deepen bilateral monetary and financial cooperation, facilitate bilateral trade and investment between China and relevant economies, and maintain financial market stability.