Core Viewpoint - The forum on the "2025 Budapest Renminbi Initiative" highlighted the importance of enhancing financial cooperation between China and Hungary, focusing on the development of the Renminbi Program and opportunities for financial institutions in Central and Eastern Europe [1] Group 1: Forum Overview - The forum was co-hosted by the Hungarian National Bank and the Bank of China Hungary Branch, discussing the framework and development of the Renminbi Program [1] - Key attendees included the Vice Governor of the People's Bank of China, the Governor of the Hungarian National Bank, and the President of the Bank of China [1] Group 2: Bilateral Cooperation - Discussions included deepening currency cooperation between China and Hungary and promoting the use of local currencies in trade and investment [1] - Meetings were held between the Vice Governor of the People's Bank of China and the Deputy Governors of the Hungarian National Bank to exchange views on these topics [1]

Core Viewpoint - The meeting between the Governor of the People's Bank of China, Pan Gongsheng, and the Governor of the Hungarian National Bank, Varga Mihály, highlights the strengthening of financial cooperation between China and Hungary amidst rising global uncertainties [1] Group 1: Economic and Financial Cooperation - Both parties exchanged in-depth opinions on the economic and financial situations of their respective countries and signed a Memorandum of Understanding to enhance cooperation [1] - The cooperation agreement includes areas such as economic and financial situation exchange, green finance, and deepening central bank collaboration [1] Group 2: Future Prospects - Pan Gongsheng emphasized that China's macro policies are becoming more proactive to maintain a positive economic trend [1] - Varga Mihály acknowledged the significant potential for cooperation between the central banks and expressed willingness to expand the depth and breadth of collaboration to support economic and financial development [1]