Hungary eyes Chinese bond market
Vienna (MTI) – China’s bond market is new and important for Hungarian debt managers and fits in well with the government’s economic policy, director of the Government Debt Management Agency AKK said on Wednesday.
It also strengthens Chinese-Hungarian financial relations and helps diversify Hungary’s debt management, considering that the majority of Hungary’s foreign currence debt is in euros, György Barcza told MTI after a Euromoney conference in Vienna.
One can best prepare for a potential euro-zone crisis by securing a bond market where issues can be made in a new currency, he added.
Barcza told a forum on the international significance of Renminbi that Hungary is trying to build a reputation in the Chinese bond market. It would be important for Asian investors to learn about Hungary and realise that it is profitable to invest there, he added.
Source: MTI
please make a donation here
Hot news
Top Hungary news: train derailed, huge tax against short-term rentals, new train stations, Hungarians about the war, Dracula, cocktail bars — 21 October, 2024
Hungarian research could yield breakthrough in Covid-19 treatment
5+1 stylish cocktail bars in Budapest to explore with your friends after a long day
Railway stations in major Hungarian cities to be completely rebuilt with private capital
Young people planning armed attacks against protected persons in Hungary – US intelligence warns
Hungary, Laos agriculture ties strengthening: Minister Linkham Duangsavanh visits Budapest