(250912) -- BUDAPEST, Sept. 12, 2025 (Xinhua) -- Laszlo Palkovics, Hungary's government commissioner for artificial intelligence, speaks during the Budapest Renminbi Initiative Conference 2025 in Budapest, Hungary, Sept. 12, 2025. The ninth Budapest Renminbi Initiative Conference was held on Friday at the headquarters of the National Bank of Hungary (MNB), marking the 10th anniversary of Hungary's central bank renminbi (RMB) program and the designation of the Bank of China as the official clearing bank for the Chinese currency in Central and Eastern Europe.
Launched in 2015, the RMB program has become a key milestone in Hungary-China financial cooperation, reinforcing bilateral ties and positioning Budapest as a regional hub for RMB transactions. This year's conference, co-organized by the MNB and the Bank of China, brought together senior officials, policymakers and financial experts to review a decade of progress and discuss the outlook for RMB internationalization. (Photo by Attila Volgyi/Xinhua)
