Template-Type: ReDIF-Article 1.0

Author-Name: Bin Hu
Author-Workplace-Name: Tsinghua University
Author-Email: hub@tsinghua.edu.cn
Author-Person: phu335

Author-Name: Chaoyi Chen
Author-Workplace-Name: Magyar Nemzeti Bank, Budapest Metropolitan University
Author-Email: chenc@mnb.hu
Author-Person: pch1967

Author-Name: Yueran Zhang
Author-Workplace-Name: Renmin University of China
Author-Email: zhangyueran666@163.com
Author-Person: 

Title: China-Hungary Green Bond Cooperation: A Review and Promising Prospects

Abstract: Amid increasing climate change challenges, the European Union (EU) aims to reduce
net greenhouse gas emissions by 90 per cent by 2040, necessitating substantial
green financing, which aligns with China's commitment to carbon neutrality by
2060. This shared objective creates opportunities for deeper collaboration in green
finance and technology. Hungary, a key partner in China's green finance initiatives
within the EU, has significantly strengthened its economic ties with China. This paper
reviews past China-Hungary green bond collaborations and offers recommendations
to enhance future cooperation. Key suggestions include improving communication
and coordination to manage financial risks, advocating for bidirectional green bond
market openings, establishing mutual recognition mechanisms for green bond
standards and enhancing transparency through improved information disclosure
systems.

Classification-JEL:
Keywords:
Pages: 204-218
Volume: 23
Issue: 4
Year: 2024
File-URL: https://hitelintezetiszemle.mnb.hu/sw/static/file/fer-23-4-fa1-hu-chen-zhang.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:23:y:2024:i:4:p:204-218