Hungarian, Chinese banking associations agree to cooperate
Wikimedia Commons
The Hungarian Banking Association (MBSZ) and its Chinese counterpart CBA have concluded a cooperation agreement to boost ties between their member banks and help them efficiently implement bilateral investment projects, MBSZ told Hungarian news agency MTI over the weekend.
The agreement was signed on Hainan Island during the recent Boao Forum for Asia, a major economic and financial conference where MBSZ was the only participant invited from the European Union, the Hungarian association said.
The forum paved the way for establishing the Asian Financial Cooperation Association (AFCA), a prospective partner for MBSZ in strengthening inter-bank links and exchanging financial information and research results, according to MBSZ.
ADVERTISEMENT
POPIHN Raises Forecast for Fuel Consumption
Hungarian Lawmakers Ratify Finland's NATO Accession
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
