President Xu Ningsheng arrives at Hungary signing co-operation agreement to set up a Budapest campus


November 28, 2017 – in the binary conference of Premier Li Keqiang’s visit to Hungary, Fudan President Xu Ningsheng and President of John von Neumann University signed the Co-operation Agreement of Fudan University and John von Neumann University under the support of the Central Bank of Hungary, witnessed by premiers of both countries.

The agreement actively responds to the One Belt One Road Initiative, providing graduate courses on Chinese economy, finance, macroeconomic policy and business, and cultivating talents of finance and economic management in Hungary and other Eastern European countries. According to the agreement, School of Economics of Fudan University will set up a campus in Budapest, Hungary, with a legislated co-operational partner, John von Neumann University, under the support of the Central Bank of Hungary. John von Neumann University will be responsible for the administrative affairs of the Budapest campus of Fudan. The agreement is greatly encouraged and supported by the Ministry of Foreign Affairs and the Ministry of Education of both China and Hungary.

After the ceremony, President Xu and other members of the Fudan delegation visited the headquarters of the Central Bank of Hungary, and met with György Matolcsy, President of the Central Bank of Hungary, and other high-level officials in the bank. They also visited the think tank PAGEO funded by the Central Bank of Hungary and the future oversea campus of School of Economics. President Xu said that the world economy and finance have developed rapidly in the recent years, while China is becoming an indispensable force globally. He hoped that the co-operation between School of Economics of Fudan and the Central Bank of Hungary will foreshadow a healthy beginning, which lays the foundation for future co-operation of policy researches between Fudan Development Institute and the think tank PAGEO. Meanwhile, President György Matolcsy said that Hungary, as one of the most important co-operational partners for the One Belt One Road Initiative, will put great efforts in helping Hungary and other Eastern European countries understand China better, learn from China and co-operate with China. The Central Bank of Hungary will make every effort to support the program launched by School of Economics in Hungary, and look forward to future co-operation from more perspectives and on deeper levels.