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Plenary meeting of the Budapest Renminbi Initiative
The plenary meeting of the Budapest Renminbi Initiative was held in the Central Bank of Hungary today in connection with the MNB’ Renminbi Program. The purpose of the Initiative is to expand the investment spectrum and financing sources of Hungary and to foster Chinese-Hungarian economic partnership. Important goals of MNB with the Initiative are to create money-, foreign exchange and capital market infrastructures, develop the settlement system and start negotiations about Chinese capital market licences in cooperation with the major stakeholders of renminbi settlements in the financial, corporate and government sector.