Hong Kong Monetary Authority publishes Cargo x project recommendations report, putting forward 20 recommendations to drive trade finance modernisation
金管局發表Cargox 項目建議報告
The Hong Kong Monetary Authority published the Cargo x Project Recommendations Report on January 19, putting forward 20 recommendations and a roadmap to modernise Hong Kong's trade finance ecosystem. The recommendations fall under three strategic pillars of data, infrastructure and connectivity, covering the integration of the government's strategic cargo and trade data, the promotion of paperless trade, and enhanced connectivity with regions including the Chinese mainland and ASEAN. The Hong Kong Monetary Authority will carry out a series of pilot schemes with public and private sector institutions to implement the roadmap.
The report sets out 20 recommendations across data, infrastructure and connectivity, together with a roadmap, which can be compared with Hong Kong's specific direction for promoting the digitalisation of trade finance.
Source: 金管局·新聞稿 · hkma.gov.hk