The Hong Kong Monetary Authority (HKMA), the Shanghai Data Bureau (SDB) and the National Technology Innovation Center for Blockchain (NTICBC) have signed a Memorandum of Understanding on Digitised Cargo Trade and Finance Cooperation, setting out joint work to deepen Shanghai–Hong Kong collaboration on digital technology applications in cargo trade and finance. The MoU covers joint research and the promotion of innovative uses of digital technology, including examining the development of a cross-border platform. Under Project Ensemble, the parties will explore cross-border financial cooperation and the use of electronic bills of lading, and will study trade finance facilitation using cargo and trade data via connections with the Commercial Data Interchange (CDI) and Cargox, with the stated aim of linking Chinese Mainland cargo and trade data to the international data ecosystem through Hong Kong.
Hong Kong Monetary Authority 2026-03-02
Hong Kong Monetary Authority signs MoU with Shanghai Data Bureau to advance cross-border digitised cargo trade and finance
The Hong Kong Monetary Authority, Shanghai Data Bureau, and National Technology Innovation Center for Blockchain signed a Memorandum of Understanding to enhance digital technology in cargo trade and finance. The agreement includes joint research and developing a cross-border platform under Project Ensemble, focusing on electronic bills of lading and trade finance facilitation. The initiative aims to connect Chinese Mainland cargo and trade data with the international data ecosystem via Hong Kong.