On March 29, 2019 the Magyar Nemzeti Bank (the central bank of Hungary) hosted the fifth annual conference in the framework of its Budapest Renminbi Initiative.

The conference was opened by Vice-Governor Márton Nagy, then Levente Magyar, Deputy Minister for the Ministry of Foreign Affairs and Trade, Gui Yonghao, Executive Vice President of Fudan University, Mihály Patai, Chairman of the Hungarian Banking Association and Marco Iannaccone, Deputy CEO of UniCredit Bank Hungary gave opening remarks.

Representatives of the Ministry of Foreign Affairs and Trade, the Alipay, the UniCredit, the Bank of China London Trading Center, the Corvinus Fintech Center and the Central Bank of Hungary, and professors of Fudan University of Shanghai delivered speeches.

The event also provided an opportunity for the policy- and decision-makers, leaders from the economic and financial sector and experts from Hungary and abroad to discuss the current state of the Chinese-Hungarian economic, trade and financial relations, and the possibilities for progress both in deepening and bringing relations to higher level and in building new relationships.

Within the framework of the event, the first Alipay terminal was presented in Hungary, through which China's most widespread mobile payment method would be available for Chinese users.