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Hong Kong and Shanghai Launch Shared Blockchain Platform for $1.5T Trade Finance Market
On 3 March 2026, the HKMA, Shanghai Data Bureau, and China's National Technology Innovation Center for Blockchain signed an MoU to build shared blockchain infrastructure for cross-border cargo trade and finance. The platform will digitize electronic bills of lading, connect systems like CDI and CargoX, and target the $1.5 trillion trade finance market by cutting processing costs and settlement times, with particular benefits expected for SMEs.