HK-China blockchain link tipped to boost trade finance

HSBC, StanChart and Bank of China welcome Hong Kong and China trade finance tie-up

HK-China link-up montage

The world’s largest providers of trade finance say a new memorandum on blockchain collaboration, signed today (November 6) between regulators in China and Hong Kong, will help them grow the number of transactions they do between these two jurisdictions.

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China rolled out their respective blockchain trade finance platforms last year, with a view to making transactions more efficient, cost-effective and reliable by ensuring there is

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