BET and Bank of China sign a memorandum of understanding

UniCredit Bank Hungary Zrt.
Wed, 01/03/2017

Capital market collaboration between Hungary and China shall be encouraged    


Acknowledging the importance of monitoring and analysing the balance of payments, the Budapest Stock Exchange (BÉT) and Bank of China (BoC) signed a memorandum of understanding at the end of January.

In accordance with the economic initiatives of the Hungarian government and the Central Bank of Hungary towards China, this agreement aligns with China’s ”One Belt, One Road“ initiative to foster a tighter economic and capital markets collaboration between the two countries.

Further, the aim is to also familiarise Chinese investors with Hungarian companies and to assist Chinese issuer companies acquiring capital through BÉT and to expand the market for both yuan denominated instruments and direct investments into the Chinese onshore market.

The Hungarian Stock Exchange is also taking steps so that active Chinese companies in Hungary and in the CEE region choose the Hungarian capital market to raise capital.

The cooperation may also help with the introduction of yuan denominated capital market instruments on BÉT and contribute to a boost in the reputation of Hungarian companies.

In the Central and Eastern Europe region, Hungary is the sole country with the opportunity to invest directly in Chinese onshore capital markets and interbank bond markets.


Dario Mariotto
Relationship Manager
GSS Hungary