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HKMA Launches CargoX Pilot Programme
The Hong Kong Monetary Authority (HKMA) announced the launch of the CargoX Pilot Programme. Through a series of innovative projects with 21 participating banks, the HKMA will take ...
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The Hong Kong Monetary Authority (HKMA) announced the launch of the CargoX Pilot Programme. Through a series of innovative projects with 21 participating banks, the HKMA will take deep dives into cargo and trade data use cases, leveraging the Commercial Data Interchange (CDI) data infrastructure, with a view to advancing trade finance digitalisation and unlocking greater trade finance availability for Hong Kong's small and medium-sized enterprises (SMEs).

In 2026 and 2027, a number of pilot projects will focus on four key areas, including integrating with key cargo and trade data platforms, combining SME trade flow and cash flow data for banks' multi-dimensional credit assessment, adopting Digital Corporate Identity to enable trusted data sharing, and enhancing connectivity with key trade corridors.

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