Bank of China, one of the biggest Chinese commercial banks will open its regional centre for Central and Eastern Europe this year in Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó informed MTI in Beijing following his negotiations on Monday.

Bank of China Chairman Tian Guoli also emphasised during his talks with the minister that the bank wants  to increase the importance of   the national currency, promoting the use of the Chinese yuan in international trade. Today the yuan is the second-most used currency in global trade finance, the chairman confirmed.

Péter Szijjártó also emphasised that BoC has been regularly cooperating with Hungarian Eximbank, and so far has supported the investments of Wanhua Borsodchem with a joint loan of EUR 70 million. Their latest project is the disbursement of a loan of EUR 40 million with contribution from Eximbank and the BoC to promote exports. The minister said that BoC and Eximbank are cooperating in financing other investments in Hungary as well, and also mentioned  a recent project of Huawei.

Source: www.kormany.hu