Hong Kong Monetary Authority, Shanghai Data Bureau, and National Blockchain Technology Innovation Center Sign Cooperation Memorandum

Odaily News: The Hong Kong Monetary Authority (HKMA), the Shanghai Data Bureau, and the National Blockchain Technology Innovation Center announced today that they have jointly signed the "Shanghai-Hong Kong Freight Trade and Financial Digitalization Cooperation Memorandum of Understanding." This aims to further promote in-depth cooperation between Shanghai and Hong Kong in areas such as digital empowerment of freight trade and finance. It leverages Hong Kong's unique advantages as a "super connector" and "super value-adder" to facilitate internal and external connectivity, supporting Shanghai's connection to the international data ecosystem through Hong Kong. According to the Memorandum of Understanding, the HKMA, the Shanghai Data Bureau, and the National Innovation Center will jointly research innovative cooperation in digital technology and applications, promoting the application and innovation of digital technology in fields such as freight trade and finance. The parties will jointly explore the use of digital technology to build a "cross-border platform," conduct cross-border financial cooperation under the Ensemble project, study the application of electronic bills of lading, and advance integration with the Commercial Data Interchange and CargoX, using freight and trade data to drive trade financing between the two regions. (Jin10)