Project Cargox

Welcome to Project Cargox, where cargo and trade data meet the digital trade finance ecosystem to unlock value for SME trade financing in Hong Kong.

A cube displaying the text “Trade Financing” and “Cargo Data” prominently on its surface.

About Project Cargox

Leveraging the Hong Kong Monetary Authority’s (“HKMA’s”) Commercial Data Interchange infrastructure, Project Cargox is a multi-year, public-private collaboration, focusing on three key areas:

An illustration of a warehouse featuring a cargo ship, a plane and a cargo truck, showcasing logistics and transportation operations.

Leveraging cargo and trade data to streamline and enhance trade finance processes

A man is analysing data analytics in front of a computer screen with a white backdrop.

Developing digital solutions to improve accessibility to trade finance for SMEs

A bank and a container port with a white backdrop.

Exploring connections with international data partners to facilitate the trade financing use case for banks in Hong Kong

How to Support Digital Trade Finance Leveraging Cargo and Trade Data

As CDI enables consent-based data sharing, cargo and trade data can be shared with banks (data consumers) only after SMEs (data owners) have given their explicit consent. With these cargo and trade data, banks can gain insights into the trade value and business conditions of SMEs, thereby streamlining the trade financing approval process, compared to using traditional paper-based shipping documents.

A visual representation illustrating the flow of requesting data consent, sending data request and share data between Data Providers, Data Consumers and Data Owners. After collecting consent from data owners, data consumers submit request to data provider via Commercial Data Interchange (CDI). The data providers than provide data to data consumer via CDI. After receiving the data from the data provider, the data consumers (bank) streamlined the approval processes of trade financing, thereby benefitting the data owner (SMEs) in Hong Kong.

(Download the image here)

The Expert Panel

To achieve the vision of Project Cargox, in April 2025, the HKMA established an Expert Panel comprising industry experts and key stakeholders from cargo data providers, trade associations, banks, credit reference agencies and government agencies.

Download the list of the Expert Panel members in here.

The graphic illustrates the composition of the Project CargoX panel, which comprises Hong Kong Monetary Authority, Cargo Data Providers, Trade Associations, Banks, Credit Reference Agencies and Government Agencies.
Mr Eddie Yue,
Chief Executive of the Hong Kong Monetary Authority
“In today’s complex global trade landscape, many businesses, in particular SME traders, need more digitalised and efficient trade finance solutions to transform their business models and supply chains. Leveraging cargo data and our next-generation CDI data infrastructure, Cargox will help resolve some long-standing pain points in trade finance for banks, ultimately boosting efficiency and driving industry-wide innovation.”
Miss Amy Chan,
Deputy Secretary for Transport and Logistics and Commissioner for Maritime and Port Development of the Transport and Logistics Bureau
“The Transport and Logistics Bureau is developing the Port Community System for completion by end of this year to provide cargo track-and-trace across sea, road, and air transport, which is expected to lead the maritime, port, logistics and trading industries to new heights of digitalisation. We look forward to working with the Project Cargox Expert Panel and strategic partners to unlock the enormous potential of the Port Community System in facilitating trade finance, supporting SMEs, and strengthening Hong Kong’s position as a global maritime hub.”
Ms Cissy Chan,
Executive Director, Commercial of the Airport Authority Hong Kong
“The Airport Authority Hong Kong is committed to driving innovation and digitalisation in the air cargo industry. The successful use case co-created with the HKMA’s CDI further synergises the capital flow and exemplifies the benefits on trade financing leveraging cargo data and cross-industry ecosystem collaboration. We welcome the HKMA’s effort to continue this momentum through Cargox initiative and look forward to working with like-minded organisations to continue contributing to the development of Hong Kong’s digital trade finance ecosystem.”
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