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
Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off
Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures.
Wiping out the ‘War Gains’
Bitcoin’s midweek resilience
Coinpedia4h ago
Pentagon Replaces Anthropic with OpenAI as Decentralized AI Stack Emerges On-Chain
Gate News bot message, the Pentagon designated Anthropic as a national security risk, with OpenAI replacing it within hours. As AI power consolidates among a narrowing group of corporations, an alternative stack is being constructed on-chain to counter corporate consolidation.
GateNews5h ago
Russia Considers Separate Stablecoin Law Amid Crypto Regulation Reforms
Key Insights
Russia separate stablecoin law may create clear legal status for fiat-pegged tokens within the national financial system.
Lawmakers may restrict trading on unlicensed crypto platforms under a broader exchange regulation bill.
A ruble-pegged stablecoin approved for trade highlights Ru
CryptoBreaking6h ago
The US Dollar Index rose 1.5% this week, marking the largest gain of the year, driven by safe-haven demand.
The US dollar performed strongly amid Middle East conflicts and soaring oil prices, rising 1.5% this week, the largest increase in over a year. Despite the US non-farm payroll report showing job reductions, the market remains influenced by oil prices and uncertainty, continuing to push the dollar higher.
GateNews7h ago
Ripple Director Spotlights New Crypto Regulatory Milestone in UK - U.Today
Cassie Craddock, CEO of Ripple Labs UK, announced the company's achievement of securing an EMI license and crypto registration from the FCA, marking a significant step in bridging traditional and decentralized finance. Ripple continues to expand its presence in the U.S. and EU with new partnerships and infrastructure developments.
UToday7h ago
Researchers Warn 95% of Bitcoin Nodes Could Be Vulnerable to Underwater Cable Attack - U.Today
A study reveals that targeted attacks on underwater cables can significantly threaten Bitcoin's network, as severing key cables could disrupt a large percentage of nodes. However, random cable failures pose little risk. The use of the TOR network enhances Bitcoin's resilience by leveraging robust infrastructure in Europe.
UToday8h ago
