The Hong Kong Monetary Authority, Shanghai Municipal Data Bureau, and National Blockchain Technology Innovation Center signed a memorandum of cooperation.

The Hong Kong Monetary Authority, the Shanghai Municipal Bureau of Data, and the National Blockchain Technology Innovation Center jointly announced today that they have signed a Memorandum of Understanding on digital cooperation in freight trade and finance between Shanghai and Hong Kong. This is to further promote deep cooperation between the two cities in digitizing freight trade and finance, leveraging Hong Kong's unique advantages as a "superconnector" and "super value-adding person" to facilitate internal and external connectivity, and support Shanghai in connecting with the international data ecosystem through Hong Kong.