The 2024 Tsinghua People’s Bank of China School of Finance Global Finance Forum commenced on Monday in Hangzhou City, China. Celebrating the 80th anniversary of the Bretton Woods system, the forum focuses on building an inclusive international monetary and financial system. Representatives from academia, as well as public and private sectors, have gathered to discuss major global economic issues and challenges.
On the sidelines of the forum, György Matolcsy, governor of Hungary’s central bank, shared insights on the strengthening economic and trade relations between China and Hungary. He emphasized the importance of deepening strategic cooperation in high-tech investment and the financial sector.
“Hungary places great importance on its partnership with China,” Matolcsy noted. “Our collaboration in advanced technologies and financial services is crucial for driving innovation and sustainable economic growth in both countries.”
The two nations are exploring opportunities in sectors such as renewable energy, digital technology, and infrastructure development. This enhanced cooperation is expected to open new avenues for businesses and investors, fostering economic resilience and mutual prosperity.
Matolcsy highlighted the significance of international forums like the Global Finance Forum in facilitating dialogue and partnerships. “These gatherings are essential for addressing global economic challenges and working towards a financial system that benefits all,” he said.
The deepening ties between China and Hungary reflect a commitment to global cooperation in an increasingly interconnected world. As they forge ahead with strategic investments and financial collaborations, their partnership serves as a model for fostering international economic development.
Reference(s):
Hungarian central bank governor on China-Hungary economic cooperation
cgtn.com
