Budapest conference highlights RMB's growing role in trade, financing

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The renminbi (RMB) is broadening financing options for banks and businesses engaged in trade and investment between China and Central and Eastern Europe (CEE), participants said Thursday at the 10th Budapest Renminbi Initiative Conference. Themed

Guests attend a panel discussion during the 10th Budapest Renminbi Initiative Conference in Budapest, Hungary, on Nov. 12, 2026. Themed "The Role of Renminbi in the International Monetary System," the conference was jointly organized by Hungary's central bank and Bank of China CEE Ltd. The annual forum is part of the Budapest Renminbi Initiative, launched by the central bank in 2015 to promote RMB use in Hungary and strengthen financial ties with China. (Xinhua/Hu Zhixuan)

The 10th Budapest Renminbi Initiative Conference is held in Budapest, Hungary, on Nov. 12, 2026. Themed "The Role of Renminbi in the International Monetary System," the conference was jointly organized by Hungary's central bank and Bank of China CEE Ltd. The annual forum is part of the Budapest Renminbi Initiative, launched by the central bank in 2015 to promote RMB use in Hungary and strengthen financial ties with China. (Xinhua/Hu Zhixuan)

Hungarian central bank Governor Mihaly Varga speaks during the 10th Budapest Renminbi Initiative Conference in Budapest, Hungary, on Nov. 12, 2026. Themed "The Role of Renminbi in the International Monetary System," the conference was jointly organized by Hungary's central bank and Bank of China CEE Ltd. The annual forum is part of the Budapest Renminbi Initiative, launched by the central bank in 2015 to promote RMB use in Hungary and strengthen financial ties with China. (Xinhua/Hu Zhixuan)

Hungarian central bank Deputy Governor Daniel Palotai speaks during the 10th Budapest Renminbi Initiative Conference in Budapest, Hungary, on Nov. 12, 2026. Themed "The Role of Renminbi in the International Monetary System," the conference was jointly organized by Hungary's central bank and Bank of China CEE Ltd. The annual forum is part of the Budapest Renminbi Initiative, launched by the central bank in 2015 to promote RMB use in Hungary and strengthen financial ties with China. (Xinhua/Hu Zhixuan)

Chinese Ambassador to Hungary Gong Tao speaks during the 10th Budapest…

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