Hong Kong Monetary Authority holds Cargo x Solution Day to advance regional trade data connectivity
金管局舉辦Cargo x 方案日 推動區域貿易數據互聯
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Hong Kong Monetary Authority and the PAA Digital Trade Alliance signed a memorandum of understanding to advance connectivity of cargo logistics and trade data between Hong Kong and economies including Mainland China and ASEAN. The Cargo x pilot program has connected “商业数据通” with the Shanghai Digital Trade Platform, enabling the first 5 participating banks to use Yangtze River Delta trade declaration data. To date, it has facilitated the approval of 10 trade financing facilities, with the loan amount reaching 1.8亿港元.
The material presents the data platform connections, the scope of participating banks’ access and the scale of approved trade financing, and can be used to understand how regional trade data connectivity is put into practice in the financing process.
Source:HKMA — Press releases (繁體中文) · hkma.gov.hk