Hong Kong and Shanghai Ink Digitized Cargo Trade MOU
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Authorities in Hong Kong and Shanghai have signed a memorandum of understanding (MOU) to collaborate on digitized cargo trade and finance. The MOU, signed by the Hong Kong Monetary Authority, Shanghai Data Bureau, and National Technology Innovation Center for Blockchain, aims to research digital technology applications, including developing a cross-border platform using electronic bills of lading and enhancing trade finance through cargo data. SDB director Shao Jun emphasized leveraging Shanghai's data strengths alongside Hong Kong for innovative outcomes in digital collaboration.
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