CATL(SZ:300750) Huan Qiu Wang·2025-09-18 08:06Group 1 - The "2025 Budapest Renminbi Initiative" forum highlighted the fruitful financial cooperation between China and Hungary, contributing positively to the diversification of the global financial system [1] - Hungary is the first country in Europe to issue government bonds in both offshore and onshore Renminbi markets, and it issued its first green sovereign panda bond in 2021 [1] - The Hungarian National Bank's president emphasized Hungary's commitment to promoting Eurasian cooperation and financial diversification [1] Group 2 - In 2023, China and Hungary upgraded their relationship to a "new era of all-weather comprehensive strategic partnership," with bilateral trade expected to reach $16.2 billion in 2024, a year-on-year increase of 11.6% [2] - China has become Hungary's largest trading partner outside the EU, and it has been the largest source of foreign investment for Hungary in 2020, 2023, and 2024 [2] - The Hungarian section of the Hungary-Serbia railway project aims to reduce travel time from Budapest to Belgrade from 8 hours to 3 hours, enhancing Hungary's position as a transportation hub in Central and Eastern Europe [2] Group 3 - In 2023, China's direct investment in Hungary reached €7.6 billion, accounting for 58% of Hungary's total foreign investment, creating over 10,000 jobs [3] - Chinese enterprises contributed $5.2 million in taxes from 2021 to 2023, maintaining a significant economic impact in Hungary [3]