Magyar Nemzeti Bank (MNB), the central bank of Hungary, the Asian Financial Cooperation Association (AFCA), and the Hungarian Banking Association (HBA) have joined hands once again to conjointly organise the AFCA Financial Summit Forum. The 2025 Forum aims to bring together renowned experts from international financial institutions and decision-makers to discuss the new energy industry’s finance-bolstered production capacity cooperation between CEE and Asia.
The conference will be held under the title “Finance Bolsters Production Capacity Cooperation in the New Energy Industry” and will take place in Budapest, Hungary, between 25-26 August 2025.
The Forum is designed to provide better member service by focusing on the concerns of member institutions.
The discussion aims to upgrade the cross-border financial service level to better serve the development of the real economy, and to identify financial cooperation opportunities across Asia and Europe. Among the attendees, we will welcome high-level representatives from the Hungarian Government and the Administration of China, from AFCA and HBA members, in addition to financial talents from China and Hungary, representatives of the academic, new energy industry and enterprises, alongside with delegates from international organisations.
Finance Bolsters Production Capacity Cooperation in the New Energy Industry
co-hosted by the Magyar Nemzeti Bank (MNB), the central bank of Hungary, the Asian Financial Cooperation Association (AFCA), and the Hungarian Banking Association (HBA)
25–26 August 2025
Programme
Monday, 25 August 2025
Conference 1: Potential Avenues for Financial Cooperation between Asia and Europe
Venue: MNB Headquarters
8:15-9:00 Registration
9:00-10:00 Opening ceremony
- Mr. Mihály VARGA, Governor, Magyar Nemzeti Bank (MNB) (confirmed)
- Mr. Péter SZIJJÁRTÓ, Minister of Foreign Affairs and Trade, Hungary (confirmed)
- H.E. Tao GONG, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Hungary (TBC)
- Mr. Zhiheng WANG, Vice Chairman/Executive Director/President, Agricultural Bank of China (confirmed)
- Mr. Levente KOVÁCS, Secretary General, Hungarian Banking Association (HBA), Chief Supervisor, Asian Financial Cooperation Association (AFCA) (confirmed)
10:00-10:15 Coffee Break
Group photo
PANEL 1. Green finance bridges: empowering the new energy sectors in Europe and Asia
hosted by MNB
This panel will explore how green finance can foster sustainable economic development and support the development of new energy sectors in Europe and Asia. The discussion aims to identify actionable pathways, challenges and synergies to strengthen green finance as a catalyst for the new energy sectors across continents.
The panel will bring together experts to discuss key questions, such as:
- How can financial institutions facilitate the transition to clean energy?
- What green finance instruments can drive investment in new energy technologies?
- How can regulatory frameworks support sustainable energy development?
- What opportunities exist for cross-border cooperation in green finance between Europe and Asia?
10:15-10:40 Fireside chat
- Dr. Jun MA, President, Institute of Finance and Sustainability (IFS), Chairman, Capacity-building Alliance of Sustainable Investment (CASI) (confirmed)
Moderator:
- Dr. Csaba KANDRÁCS, Deputy Governor, Magyar Nemzeti Bank (MNB) (confirmed)
10:40-11:40 Panel discussion
- Mr. Torsten EHLERS, Principal Economist, Bank for International Settlements (TBC)
- Mr. Manas GIZHDUANIYEV, CEO, AIFC Green Finance Centre, Astana International Financial Centre (AIFC) (confirmed)
- Mr. Yue LIU, Director, Student Affairs Office, Deputy Director, Financial Big Data Research Center, Institute for FinTech Research, PBC School of Finance, Tsinghua University (confirmed)
- Ms. Supee TERAVANINTHRON, Special Advisor to the Chief Investment Officer, Asian Infrastructure Investment Bank (AIIB) (confirmed)
Moderator:
- Mr. Gábor SZŐCS, Executive Director, Magyar Nemzeti Bank (MNB) (confirmed)
11:40-12:30 Lunch break
Conference 2: International Symposium
Financial Empowerment for High-Quality Development of the New Energy Industry
hosted by HBA
Venue: MNB Headquarters
12:30-14:00 Symposium
- Dr. Csaba KANDRÁCS, Deputy Governor, Magyar Nemzeti Bank (MNB) (confirmed)
- Mr. Márk ALFÖLDY-BORUSS, Deputy State Secretary at Ministry for Energy, Hungary (confirmed)
- Mr. Wei LI, Deputy General Manager, Corporate Banking Department, Agriculture Bank of China (confirmed)
- Ms. Suqin LIU, Business Executive Financial Market, Bank of Beijing (confirmed)
- Dr. Jun MA, President, Institute of Finance and Sustainability (IFS), Chairman, Capacity-building Alliance of Sustainable Investment (CASI) (confirmed)
Q&A
Moderator:
- Ms. Jie RONG, Deputy General Manager, China Construction Bank (Europe) S.A. (confirmed)
14:00 Leaving from the MNB to the location of the site visit (optional, invitation only)
15:00-16:00 Site visit
a) Central European Trade and Logistics Cooperation Zone (CECZ) in Vác. CECZ is an important bridge and bond connecting the trade and logistics activities of China and Hungary.
b) Huawei Technologies Hungary in Páty: Insights into Huawei Hungary's operations, innovations, and contributions to the Hungarian tech ecosystem.
16:00-17:00 Leaving from the location of the site visit to the accommodation
19:00-20:30 Working dinner
hosted by Bank of China
Venue: TBD
Dress code: Business Formal
Invitees only
Welcome speeches:
- Mr. Barnabás VIRÁG, Deputy Governor, Magyar Nemzeti Bank (MNB) (TBC)
- Representative of the Embassy of the People's Republic of China to Hungary (TBC)
- Ms. Lijuan ZHANG, Chief Relationship Manager, Deputy General Manager of Financial Institutions Department, Bank of China (confirmed)
Tuesday, 26 August 2025
Conference 3: Potential Avenues for Financial Cooperation between Asia and Europe
Venue: MNB Headquarters
7:30-8:00 Registration
Moderator: Mr. Jianming QI, Secretary General, Asian Financial Cooperation Association (AFCA)
8:00-8:10 Opening remarks
- Mr. Jelasity RADOVAN, President, Hungarian Banking Association (confirmed)
8:10-8:50 Keynote speeches
- Mr. Márton NAGY, Minister for National Economy, Hungary (confirmed)
- Ms. Dan XIAO, Deputy Director, International Cooperation Department, National Financial Regulatory Administration (NFRA) (confirmed)
- Mr. Chuan ZOU, CEO, TF International Securities Group Limited (confirmed)
Moderator: Mr. Jianming QI, Secretary General, Asian Financial Cooperation Association (AFCA)
8:50-8:55 Award ceremony
Presented by Mr. Levente KOVÁCS, Secretary General, Hungarian Banking Association (HBA), Chief Supervisor, Asian Financial Cooperation Association (AFCA)
Awardees:
- Bank of China – Award accepted by: Ms. Lijuan ZHANG, Chief Relationship Manager, Deputy General Manager of Financial Institutions Department, Bank of China
- Mr. Pierfrancesco GAGGI, Secretary General, Italian Banking, Insurance and Finance Federation (FeBAF)
- Mr. Zakir NURIYEV, Chairman, Azerbaijan Banks Association (ABA)
8:55-9:20 Research Release on “Finance Bolsters Production Capacity Cooperation in the New Energy Industry” by
- Mr. He WANG, Associate Professor, Deputy Head, Department of Finance, Assistant Dean, School of Business, Southern University of Science and Technology (confirmed)
9:20-9:35 Coffee break
9:35-10:35 Thematic speeches
hosted by AFCA
Moderator: Ms. Liyu YANG, Deputy Executive Secretary General, Asian Financial Cooperation Association (AFCA)
- Mr. Levente MAGYAR, State Secretary for Parliamentary Affairs and Deputy Minister, Ministry of Foreign Affairs and Trade, Hungary (TBC)
- Mr. Pierfrancesco GAGGI, Secretary General, Italian Banking, Insurance and Finance Federation (FeBAF) (confirmed)
- Mr. Hubertus VÄTH, Managing Director, Frankfurt Main Finance (confirmed)
- Mr. Hui WANG, Director, Review Department, China Export & Credit Insurance Corporation (confirmed)
- Representative from Industrial and Commercial Bank of China (ICBC) (TBC)
10:35-10:50 Coffee break
PANEL 2. Strengthening Investment Cooperation in the New Energy Sector: Hungary as a Strategic Gateway
co-hosted by HIPA and MNB
As the global transition to new energy accelerates, cross-border investment cooperation plays a vital role in scaling up e-mobility related production and innovation. This panel explores Hungary’s strategic position as a gateway between East and West, offering unique opportunities for collaboration in the rapidly evolving new energy sector. Key stakeholders from Asian enterprises who have already chosen Hungary as a site for their investments will discuss how financial cooperation, policy support, and industrial partnerships can boost production and innovation capacity. The session will highlight Hungary’s efforts in attracting investment, facilitating technology transfer, and integrating into global value chains within the new energy industry.
10:50-11:50 Panel discussion
- Ms. Rita SZÉP-TÜSKE, Deputy CEO, Hungarian Investment Promotion Agency (HIPA) (confirmed)
- Representative from BYD (TBC)
- Representative from Contemporary Amperex Technology Co. (CATL) (TBC)
- Representative from Huawei (TBC)
Moderator:
- Representative from Bank of China (CEE) Ltd. (TBC)
11:50-13:20 Lunch
Speakers

Mihály VARGA
Governor
Magyar Nemzeti Bank

Péter SZIJJÁRTÓ
Minister of Foreign affairs and Trade
Hungary

Márton NAGY
Minister for National Economy
Hungary

Zhiheng WANG
Vice Chairman/Executive Director/President
Agricultural Bank of China

Csaba KANDRÁCS
Deputy Governor
Magyar Nemzeti Bank

Jelasity RADOVAN
President
Hungarian Banking Association

Levente KOVÁCS
Chief Supervisor
Asian Financial Cooperation Association

Jun MA
President
Institute of Finance and Sustainability

Lijuan ZHANG
Chief Relationship Manager, Deputy General Manager
Bank of China

Supee TERAVANINTHRON
Special Advisor to the Chief Investment Officer
Asian Infrastructure Investment Bank

Zakir NURIYEV
Chairman
Azerbaijan Banks Association

Pierfrancesco GAGGI
Secretary General
Italian Banking, Insurance and Finance Federation

Manas GIZHDUANIYEV
CEO
AIFC Green Finance Centre

Chuan ZOU
CEO
TF International Securities Group Limited

Hubertus VÄTH
Executive Managing Director
Frankfurt Main Finance

Gábor SZŐCS
Executive Director
Magyar Nemzeti Bank

He WANG
Associate Professor, Assistant Dean
School of Business, Southern University of Science and Technology

Yue LIU
Deputy Director
Financial Big Data Research Center PBC School of Finance

Wei LI
Deputy General Manager
Agriculture Bank of China

Suqin LIU
Business Executive
Bank of Beijing

Jie RONG
Deputy General Manager
China Construction Bank (Europe) S.A.