On July 26, 2017, Hungary successfully issued RMB1 billion three-year RMB bond in China’s interbank bond market, which was the first foreign sovereign RMB bond issued via book building under the Bond Connect program.

Hungary is the first European country that signed cooperation document with China to jointly build the Belt and Road, thus playing a leading and pioneering role in that area. The issuance of Hungary's RMB sovereign bond will further strengthen financial cooperation between the two countries, deepen bilateral relations, and facilitate the implementation of the Belt and Road Initiative. It also has positive significance to further opening up the China’s bond market.