Bank of China, Budapest Stock Exchange sign cooperation accord

BUDAPEST - The Bank of China (BOC) and the Budapest Stock Exchange (BET) signed a cooperation agreement to help Chinese investors explore opportunities in Hungarian businesses, boost their investment activity, and encourage Chinese businesses to make more use of Hungary's capital market, BET said on Tuesday.

The move could promote the appearance of renminbi securities on the Hungarian exchange, BET said in a statement.

The BOC and the BET shaped the agreement to mesh with the economic measures of the National Bank of Hungary's (MNB) China-related economic measures, establishing tighter economic and capital market links to the China-proposed Belt and Road initiative.

The statement noted that BET's strategy calls for expanding its sphere of investors and helping businesses seeking to enter the stock exchange.