Hong Kong ETO Celebrates Culture at Global SinoPhoto Awards Exhibition in London

London ETO supports Global SinoPhoto Awards 2025 Exhibition

The Hong Kong Economic and Trade Office, London (London ETO) supported the Global SinoPhoto Awards (GSPA) 2025 exhibition at Christie's London, running from January 13 to 31. The exhibition opened with an evening reception on January 15, welcoming over 60 distinguished guests from the cultural sector. Among the highlights of the exhibition was the work of Hong Kong photographer Jay Wong, whose series "Goldfish Market, Hong Kong" features four captivating images that capture the lively and colourful atmosphere of Mong Kok's iconic Goldfish Market.

Speaking at the reception, the Director-General of the London ETO, Mr Gilford Law, thanked the organiser for shining a spotlight on Hong Kong, highlighting Hong Kong's artistic and cultural excellence. Mr Law remarked, "Hong Kong is home to a wealth of artistic talent with a rich heritage of East and West as well as the fusion of tradition and innovation. With their passion and creativity, we are well on our way to achieving Hong Kong's mission of becoming the East-meets-West centre for international cultural exchanges as underpinned by the National 14th Five-Year Plan." He also extended a warm invitation to all to experience the cultural vibrancy of Hong Kong in person.

​The GSPA is an international photography contest that aims at communicating Chinese culture and values through images to international audiences. In addition to the works of award-winning photographers, the exhibition also featured selected works from other participants.

London ETO supports Global SinoPhoto Awards 2025 Exhibition Source: HKSAR Government Press Releases

London ETO supports Global SinoPhoto Awards 2025 Exhibition Source: HKSAR Government Press Releases

London ETO supports Global SinoPhoto Awards 2025 Exhibition Source: HKSAR Government Press Releases

London ETO supports Global SinoPhoto Awards 2025 Exhibition Source: HKSAR Government Press Releases

London ETO supports Global SinoPhoto Awards 2025 Exhibition Source: HKSAR Government Press Releases

HKMA publishes Project CargoX Recommendation Report

The following is issued on behalf of the Hong Kong Monetary Authority:

The Hong Kong Monetary Authority (HKMA) today (January 19) published the "Project CargoX Recommendation Report", which presents 20 recommendations and a roadmap for modernising the trade finance landscape in Hong Kong.

Since the launch of Project CargoX (Note), the HKMA has convened an Expert Panel on CargoX comprising 24 industry experts from banks, cargo data providers, credit reference agencies, export credit insurers, government agencies and international organisations (the member list is available in the Annex). The Expert Panel has contributed valuable insights and concluded the CargoX recommendations and development roadmap in December 2025.

With the vision of maintaining Hong Kong's position as a leading trade financing hub, powered by a robust, globally connected digital trade infrastructure, the report outlines a roadmap for taking forward the recommendations. The HKMA will play a critical role in implementing the roadmap through collaboration with relevant public and private organisations in a series of pilot trials.

Informed by extensive research and industry engagement, a total of 20 recommendations, structured under three strategic pillars of Data, Infrastructure and Connectivity, are put forward in the report:

Data: this pillar focuses on accelerating data-enabled trade finance automation. By integrating strategic government cargo and trade data along with infrastructure, and enabling access to historical trade transaction data, banks'assessment of corporate creditworthiness can be facilitated. This will increase the availability of trade finance, particularly for small and medium-sized enterprises (SMEs).

Infrastructure: this pillar seeks to facilitate the development of digital trade infrastructure to enable paperless trade both in Hong Kong and with overseas trading partners.

Connectivity: this pillar prioritises enhancing connectivity with other jurisdictions including Chinese Mainland and ASEAN, and implementing relevant policies to maintain Hong Kong's competitiveness as a trade and trade finance hub.

Deputy Chief Executive of the HKMAMr Howard Leesaid, "Project CargoX marks a pivotal step in modernising Hong Kong's trade finance ecosystem by integrating advanced digital solutions, optimising cargo and trade data connectivity through our next-generation Commercial Data Interchange infrastructure, and strengthening international links. The recommendations of the CargoX Expert Panel provide a strategic blueprint and actionable roadmap to position Hong Kong as a trusted, data-driven hub for global digital trade. I extend my sincere thanks to the CargoX Expert Panel members, drawn from a rich diversity of experiences spanning both public and private sectors, for their exceptional insights that have shaped this transformative initiative."

The full report is available on the HKMA website.

Note: In April 2025, building on the Commercial Data Interchange data infrastructure, the HKMA launched Project CargoX, a multi-year initiative that aims to enhance the digital ecosystem for trade finance by harnessing the power of cargo and trade data.

HKMA publishes Project CargoX Recommendation Report Source: HKSAR Government Press Releases

HKMA publishes Project CargoX Recommendation Report Source: HKSAR Government Press Releases