Marton Nagy - Photo:

Economic development minister meets Bank of China president

Economic Development Minister Marton Nagy has met Liu Jin, the president of the Bank of China, for talks during his official visit to China, his ministry said on Friday.

Li Kexin, the CEO of Bank of China Magyarorszag, also travelled to Beijing for the talks, the ministry said in a statement.

The sides discussed the state of Hungarian-Chinese financial and economic ties, including challenges, and possible areas in which cooperation could be expanded, such as financing for investments.

Hungary wants to become a regional financial hub that could serve as a bridgehead for Chinese financial institutions, Nagy said. Hungary has fostered “excellent ties” with Chinese lenders who already have a presence in the country: Bank of China, China Construction Bank Corporation, China Development Bank and the Asian Infrastructure Investment Bank (AIIB), he added.

Chinese companies provide the livelihood for around 16,000 Hungarian families, the ministry said.

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