Shanghai and Hong Kong launch digital cargo trade platform. The Hong Kong Monetary Authority, Shanghai Data Bureau, and National Technology Innovation Center for Blockchain signed a memorandum of understanding to develop cross-border digital infrastructure for trade finance. The initiative will integrate electronic bills of lading and cargo data systems through Project Ensemble, connecting mainland Chinese data with international markets. This collaboration positions Hong Kong as a bridge between China and global financial systems while advancing digital innovation in trade finance. The platform aims to streamline cross-border transactions and improve efficiency in cargo trade operations across the two financial hubs.
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