Hungary Touts Yuan Swap Line as Orban Seeks Chinese Financing

The Hungarian central bank’s swap line with the People’s Bank of China provides a source of stability to the nation’s funding amid market volatility, according to a senior official.

By Charlie Zhu, Wenjin Lv, Jing Zhao · Bloomberg Markets

The Hungarian central bank’s swap line with the People’s Bank of China provides a source of stability to the nation’s funding amid market volatility, according to a senior official.