Foresight News reports that the Hong Kong Monetary Authority, the Shanghai Municipal Data Bureau, and the National Blockchain Technology Innovation Center jointly signed the “Memorandum of Cooperation on Digitalization of Cargo Trade and Finance between Shanghai and Hong Kong” today to further promote in-depth cooperation between Shanghai and Hong Kong in digital empowerment of cargo trade and finance. They aim to leverage Hong Kong’s unique advantages as a “super connector” and “super value creator” to facilitate internal and external connectivity, supporting Shanghai in connecting with the international data ecosystem through Hong Kong. According to the Memorandum, the HKMA, Shanghai Municipal Data Bureau, and the National Blockchain Innovation Center will jointly explore innovative cooperation in digital technology and applications, promoting digital technology application innovations in cargo trade, finance, and other fields. The parties will work together to explore the use of digital technology to build “cross-border platforms,” conduct cross-border financial cooperation within the Ensemble project, study the application of electronic bills of lading, and promote integration with Business Data Tong and CargoX to drive trade financing between the two regions using cargo and trade data.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Saudi Arabia Shuts Ras Tanura Refinery After Iran Drone Strike
Saudi Arabia’s energy sector faced fresh tension on March 2. After reports of an Iranian drone strike targeting the massive Ras Tanura refinery. The facility is one of the world’s largest oil processing hubs. It handles around 550K barrels per day. Early reports say operations were halted as a
Coinfomania2m ago
Atsushi Mimura: The surge in stablecoins may strengthen the US dollar's position as the key currency
ChainCatcher Message, according to Jinshi reports, Japan's top foreign exchange official Jun Mimura stated that the surge in dollar-denominated stablecoins is very likely to strengthen the dollar's position as a key currency.
GateNews8m ago
Thailand Becomes Tax-Free Haven for Bitcoin and Crypto
Thailand is set to attract cryptocurrency investors by offering a five-year capital gains tax exemption on trades via licensed exchanges, effective January 2025. This policy aims to enhance the country's digital asset market and establish it as a hub for crypto investment in Southeast Asia.
Coinfomania28m ago
Hamaney's assassination attempt shocks global markets, Bitcoin drops below $67,000, oil prices and gold surge simultaneously
Following the escalation of the Middle East situation, global financial markets experienced turbulence. News of the assassination of Iran's Supreme Leader triggered a surge in oil prices and gold, with safe-haven assets performing well. Bitcoin briefly rebounded to $68,000 before retreating; the tense situation continues to cause volatility in cryptocurrencies as investors shift toward traditional safe-haven assets. The market is focused on the ongoing impact of the Middle East situation and energy prices.
GateNews46m ago
The escalation of Middle East conflicts has triggered capital transfers, with XRP inflows to trading platforms exceeding $650 million in one week. Short-term selling pressure may intensify.
As geopolitical tensions between the United States, Israel, and Iran escalate, market concern over short-term selling pressure on XRP increases, with approximately 472 million XRP recently flowing into trading platforms. Analysis indicates that although this inflow is the largest since February, it does not necessarily lead to immediate selling, possibly related to liquidity management and defensive positioning. Market sentiment may fluctuate more intensely due to geopolitical risks.
GateNews47m ago
Iran expands Middle East attack scope, Bitcoin surges then pulls back to around $66,000, US stock futures turn lower in sync
The escalation of the Middle East situation has impacted global markets. Bitcoin briefly reached $67,000 in Asia before falling back to $65,700. S&P 500 futures dropped about 1.4%. Iran's increased military actions pushed international oil prices up by over 7%, and the global energy supply chain faces risks. The market remains cautious about future trends.
GateNews1h ago
