BUDAPEST, Nov 27 (Reuters) - Hungary has signed a strategicagreement with the Industrial and Commercial Bank of China(ICBC) that would allow the Chinese bank to cooperate withHungary in renminbi bond issues, the Hungarian Finance Ministrysaid in a statement on Wednesday.

It said the ICBC was also ready to support financing ofHungarian infrastructure projects.

Prime Minister Viktor Orban's government has been open toChina as part of its "eastern opening initiative". Hungary hasissued bonds in China several times and said it would be using aloan from China to finance the Hungarian stretch of a high-speedrailway link between Budapest and Belgrade.

(Reporting by Krisztina Than) ((krisztina.than@thomsonreuters.com;))