Hong Kong Links up with Shanghai Trade Authorities to Put Cargo Data on Blockchain

Hong Kong, Shanghai sign pact on digital trade finance, cross-border data link

‘This marks an important milestone in the collaboration on financial innovation between Shanghai and Hong Kong,’ HKMA’s Howard Lee says.

Hong Kong links up with Shanghai trade authorities to put cargo data on blockchain

HKMA teams up with mainland regulators to develop a cross-border platform linking cargo data and electronic bills of lading, aiming to cut trade finance friction and plug Chinese supply chains into global markets

Hong Kong and Shanghai Advance Digital Trade via Blockchain

Hong Kong and Shanghai are moving forward with digital trade innovation through the development of a shared blockchain-based platform designed to integrate cargo and trade data across borders. The initiative is being driven by a formal cooperation agreement between the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Technology Innovation Center for Blockchain. Through a newly signed memorandum of understanding, the three…