[Hong Kong Monetary Authority, Shanghai Data Bureau, and National Blockchain Technology Innovation Center Sign Memorandum of Cooperation] Foresight News reports that the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Blockchain Technology Innovation Center jointly signed the 'Memorandum of Cooperation on Digitalization of Freight Trade and Finance between Shanghai and Hong Kong' today. This aims to further promote in-depth cooperation between Shanghai and Hong Kong in areas such as digital empowerment of freight trade and finance, leveraging Hong Kong's unique advantages as a 'super connector' and 'super value-adder' to facilitate internal and external connectivity, and supporting Shanghai in connecting with the international data ecosystem through Hong Kong. According to the 'Memorandum of Cooperation,' the Monetary Authority, the Shanghai Data Bureau, and the Innovation Center will jointly study innovative cooperation in digital technology and applications, promoting the application of digital technology in areas such as freight trade and finance. The parties will explore the use of digital technology to build a 'cross-border platform,' carry out cross-border financial cooperation under the Ensemble project, study the application of electronic bills of lading, and advance integration with Commercial Data Interchange and CargoX to drive trade financing between the two regions through freight and trade data.