Budapest Bourse, China Construction Bank Sign MoU

Banking

Image courtesy of Budapest Stock Exchange (BÉT)

The Budapest Stock Exchange and China Construction Bank (CCB) have signed a memorandum of understanding on forging ties and knowledge sharing between the Hungarian, Central European, and Chinese capital markets, according to a report by state news wire MTI.

The MoU is an "important milestone" in the cooperation between Hungarian and Chinese capital markets which has been ongoing for years, the bourse said on Friday.

It aims to explore product development opportunities, create incentives for Chinese companies active in the region to use local capital markets, and support the further development of capital market relations between Central Europe and China.

"Our goal is to strengthen our business relations with stakeholders of the dynamic Chinese capital markets," said Budapest Stock Exchange CEO Richárd Végh.

"China Construction Bank will encourage and help more Chinese investors to pay attention to and enter Hungary. By connecting with the Hungarian market through the Budapest Stock Exchange, we can better leverage the advantages of both parties and improve the cooperation and development between the two countries in various fields including technology and innovation," Guoli Tian, the chairman of CCB said.

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