Reuters: The Shenzhen and Hong Kong trade and Finance p
BlockBeats - The First phase of the Hong Kong Trade Linkage Platform and the Chinese mainland's trade finance blockchain platform was completed on Tuesday, officially entering the trial operation phase, with the support of ICBC, Bank of China, Bank of China, BoCOM Hong Kong, ICBC Asia, BOCOM Hong Kong and Standard Chartered. The two sides also agreed to continue to deepen the docking of bilateral platforms, promote cross-border trade and innovate related trade financing, so as to help the Guangdong-Hong Kong-Macao Greater Bay Area achieve win-win development.
Standard Chartered, a major Bank in Hong Kong, immediately announced the completion of the first batch of cross-block chain pilot transactions through this platform. Standard Chartered is one of seven Banks participating in the pilot transaction. It successfully verified the connectivity between the two blockchain trade financing platforms and helped Hong Kong corporate customers successfully conduct transactions with suppliers in mainland China using the trade linkage Platform, while the suppliers completed transactions on the blockchain trade finance platform.