HKMA Signs MOU With Shanghai to Build Digital Trade Finance Platform
Key Takeaways HKMA, Shanghai Data Bureau, and China’s National Blockchain Centre agreed to jointly develop cross-border digital cargo trade infrastructure. The deal connects HKMA’s existing CDI data network and Project Ensemble tokenization framework to Shanghai’s trade corridor. HKMA’s CDI has already facilitated over 82,000 loan applications worth HK$66.4 billion since its October 2022 launch. March…