Forum on Finance Bolstering Production Capacity Cooperation in the New Energy Industry Held in Budapest

On August 25 and 26, 2025, the forum on finance bolstering production capacity cooperation in the new energy industry was successfully held in Budapest, Hungary. It was co-hosted by Asian Financial Cooperation Association (AFCA), Central Bank of Hungary and Hungarian Banking Association.

Nearly 300 participants from almost 40 countries and regions across Asia and Europe attended the forum, representing government agencies, financial institutions, financial associations, international financial organizations, international financial centers, embassies, enterprises, academic institutions, and media, etc.

Mr. Liu Hong, Executive Vice President of Agricultural Bank of China (Chairman Institution of AFCA), Mr. Levente KOVÁCS, Secretary General of Hungarian Banking Association (Chief Supervisor of AFCA), Mr. Mihály VARGA, Governor of the Hungarian Central Bank (MNB),      Mr. Péter SZIJJÁRTÓ, Minister of Foreign Affairs and Trade of Hungary, and Mr. Yang Chao, Chargé d'Affaires a.i. of the Embassy of the People's Republic of China in Hungary delivered welcome speeches. Keynote speeches were given by Mr. Csaba LANTOS, Minister of Energy of Hungary, Ms. Xiao Dan, Deputy Director General of the International Cooperation Department of the National Financial Regulatory Administration of China, and others. Mr. Qi Jianming, Secretary General of AFCA, moderated at the forum.

The rapid development of the new energy industry is also driving the green transformation of economies, increasingly focusing on the coordinated development of financial activities, environmental protection and ecological balance. The forum featured fireside chats and panel discussions on green finance empowering the new energy industry in Asia and Europe. Experts and scholars from Asian Infrastructure Investment Bank, Institute of Finance and Sustainability, Astana International Financial Centre, and PBC School of Finance of Tsinghua University, explored potential pathways and feasible solutions for green finance to promote the sustainable and resilient development of the new energy industry from various perspectives.

As countries in Asia and Europe continuously introduce low-carbon and green growth strategies, cooperation in new energy production capacity deepens and new expectations on international financial cooperation grow. Representatives from Bank of China, Industrial and Commercial Bank of China, China Export & Credit Insurance Corporation, Frankfurt Main Finance, Hungarian Export-Import Bank Plc., and Italian Banking, Insurance and Finance Federation discussed new ideas and feasible measures to strengthen international financial cooperation. The Hungarian Investment Promotion Agency exchanged ideas with representatives from Contemporary Amperex Technology and Huawei Technologies Co. Ltd., the Chinese companies operating in Hungary, aiming to leverage Hungary's strategic gateway advantages to promote investment and cooperation in the new energy sector. Southern University of Science and Technology, the leading institution of a key research project organized by AFCA, released interim research findings.

Representatives from AFCA member institutions and Chinese and Hungarian financial institutions visited the Central European Trade and Logistics Cooperation Zone and Huawei's Hungary facilities. During the visits, signature projects of the Belt and Road Initiative in Hungary was showcased and the operational, innovative, and technological ecosystems of Chinese enterprises operating there were promoted.