Against Trade Wars – Viktor Orbán in Talks with Bank of China Chairman

Source: Hungry Today

Date: May 13, 2025

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On Monday, Prime Minister Viktor Orbán held talks with Bank of China Chairman Ge Haijiao in Budapest.

Bank of China, one of the world’s largest financial companies, has been active in Hungary since 1997. During the talks, the parties focused on expanding the bank’s business opportunities in Hungary, the Prime Minister’s Communications Department revealed.

@PM_ViktorOrban met with Bank of China Chairman Ge Haijiao in Budapest to discuss expanding the bank’s operations in Hungary. The Bank of China, one of the world’s largest financial institutions, has been active in the country since 1997. pic.twitter.com/j1uIDswelY — Zoltan Kovacs (@zoltanspox) May 12, 2025

Parallel to this meeting, Minister of Foreign Affairs and Trade Péter Szijjártó spoke positively about the success of the U.S.-Chinese trade and customs negotiations. He emphasized that both China and the United States are Hungary’s most important economic partners alongside the European Union. “We welcome the success of the U.S.-China customs and trade negotiations and appreciate the steps taken towards the functioning of world trade,” the minister wrote on his social media page.

Szijjártó emphasized that stable and cooperative relations between these two major powers were in Hungary’s fundamental interest.

Bank of China Limited Hungarian Branch was established in April 2014, as a branch in Budapest with the official legal authority of the Beijing headquarters. Its activities focus on a wide range of core banking products, including deposit management, transaction management, lending and credit management, trade finance, international finance, and treasury services. Bank of China Limited Hungary Branch was designated by the People’s Bank of China as the first RMB clearing bank in the Central and Eastern European region in 2015.