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Hong Kong Monetary Authority, Shanghai Municipal Data Office, and China National Center for Blockchain Innovation signed a Memorandum of Understanding on Cooperation

2026.03.02 14:56:40

**March 2 – The Hong Kong Monetary Authority (HKMA), Shanghai Municipal Bureau of Data, and China National Center for Blockchain Innovation today signed the HK-SH Cross-border Freight Trade and Financial Digitalization Cooperation Memorandum.** The agreement aims to deepen Shanghai-Hong Kong collaboration in digitalizing freight trade and finance, leveraging Hong Kong’s role as a “super-connector” and “super value-added enhancer” to boost internal-external connectivity, and support Shanghai in linking to the global data ecosystem via Hong Kong. Under the memorandum, the three parties will: - Conduct joint research on digital technology and application innovation; - Promote digital tech adoption in freight trade and finance; - Explore building a cross-border platform using digital tools; - Carry out cross-border financial cooperation under the Ensemble project; - Study the application of electronic bills of lading; - Integrate with commercial data exchange systems and CargoX to drive trade finance between the two regions using freight and trade data.
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ZEC Plunges 50% in a Day! "BTC OG Whale's Insider Agent" Short Position Soars to the Top of On-Chain Rankings

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