Cargox项目建议报告

Contents The Role of Trade Finance Pain Points in Trade Finance 4.1International trade involves an intricatenetwork of stakeholders Digital Trade Finance Foundations 5.1Digital infrastructure to support trade financeecosystem22 Introduction F o r e w o r d The global trade landscape is in constant flux,driven by accelerating technological innovation.This dynamic environment presents both anurgent challenge and an unprecedentedopportunity for Hong Kong (SAR), China toreinforce its position as a leading international This report delves into the critical role of digitalinfrastructure in transforming trade finance.ProjectCargoxis a pivotal initiative, a collaborativeeffort tomoderniseour trade finance landscape byintegrating advanced digital solutions,optimisingcargo and trade data connectivity, andstrengthening international links. It charts astrategic roadmap for Hong Kong to build a For decades, Hong Kong has thrived as a gatewayfor international commerce, underpinned by itsstrategic location, free-market policies, andfinancial infrastructure. However, the digital agedemands more than traditional strengths. It callsfor robust financial infrastructure to power itsdigital economy. This requires seamless data The recommendations herein distil extensiveresearch and global best practices into actionablerecommendations. They serve as a call to actionfor all stakeholders to collectively shape the nextera of Hong Kong's trade finance ecosystem. By exchange, enhanced transparency, and integrateddigital solutions across the trade finance value “ Mr. Howard Lee, Deputy Chief Executive, HKMA ecosystemby integratingadvanceddigitalsolutions,optimisingcargoandtradedataconnectivitythroughournext-generationCDIinfrastructure,andstrengtheninginternationallinks.TherecommendationsoftheCargoxExpertPanelprovideastrategicblueprintandactionableroadmaptopositionHongKongasatrusted,data-drivenhubforglobaldigitaltrade. P r o j e c tC a r g o ProjectCargoxvalue proposition The strategiccontext Global trade is undergoing a dynamictransformation.Digitalisation, data transparencyand real-time connectivity are redefining howgoods and capital flow across borders. This To advance the infrastructure establishedthrough CDI, the HKMA launched ProjectCargox,a strategic initiative aimed atmodernisingthetrade finance landscape in Hong Kong. Project •Leveragingcargo and trade datatostreamline and enhance trade finance processes; In today’s complex global trade environment,stakeholders in the trade value chain encounterseveral challenges. In Hong Kong, the persistenceof paper-based trade finance processes •Developing digital solutionsto improveaccessibility to trade finance for SMEs; •Exploring connections with internationaldata partnersto facilitate the trade financinguse case for banks in Hong Kong. While there have been advancements, digitaltrade infrastructure and the extent ofdigitisedtrade documentation remain limited. There is also A dual-track approach has been employed tofoster collaboration and establish a feedbackloop. Track 1 involves the formation of an expert The HKMArecognisesthat many businesses,especially SMEs, require more digital and efficienttrade finance solutions to transform their businessmodels and supply chains in response to the Meanwhile, the HKMA launched CDI in 2022,establishing a platform for consent-based sharingof commercial data, in particular the data of SMEs,between 26 banks and 17 data providers1, •Expert panel withindustry experts•Workshops toformulate The stakeholder ecosystem To achieve the key objectives of ProjectCargox, the HKMA has convened aninternational Expert Panel. This panel bringstogether a diverse group of industry expertsand key stakeholders, each contributing unique Banks:Provide essential insights intothe requirements of data consumers and Local and Overseas Data providers:Offer their expertise on data availability,formats, standards, and potential use Credit reference agency:Contributeknowledge on SME credit scoring Export credit insurers:Share theirperspectives on the availability of Hong Kong GovernmentBureauxand Departments:Inform on governmentplatforms under development, the scopeof their features, trade data policies, and Internationalorganisations:Offervaluable insights into global bestpractices, and key requirements and Driven by the HKMA and supported by anExpert Panel, ProjectCargoxis a strategicinitiative to establish Hong Kong as a leadingdigital trade finance hub. It aims to create arobust infrastructure that supports the Hong Kong Monetary Authority:Provide strategic inputs from various internal teams, guiding relevant prioritiesand ongoing projects including thoseunder the Supply Chain Working Group E x e c u t i v e S u m m a r y Hong Kong's future as a global trade and financialcentre is linked to its ability to digitalise trade and make use of data to drive innovation and growth. ProjectCargox, led by the HKMA, sets out thestrategy to t