China to set foot in Hungary's government bond market?

Bank of China Ltd. may be a new addition to the currently 15-strong list of primary dealers of Hungarian government bonds, CEO of the State Debt Management Agency (ÁKK) Gyula Pleschinger told Bloomberg in an interview on Monday. Government-level talks between Hungary and China have already taken place, Pleschinger said, noting that "if China buys, it will do so on a market basis. " The head of ÁKK has released crucial information on 2012 forint and FX debt issue plans as well.  In June during an official visit of China's Prime Minister in Hungary, Wen Jiabao pledged his country was going to buy "a certain amount" of Hungarian government bonds. This statement prompted Hungarian premier Viktor Orbán to say he was confident about Hungary's ability to finance itself in the medium run.
Source: Portfolio.hu

Last Updated on Friday, 30 August 2013 09:11