Coin Collection Programme
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) today (October 6) announced a new service schedule of the two Coin Carts under the Coin Collection Programme, for the period of October 27, 2025 up to January 4, 2026. The schedule and other details of the Programme are shown on the HKMA webpage (coincollection.hkma.gov.hk).
Since the launch of the Programme in October 2014 up to September 30, 2025, the two Coin Carts had carried out 1 400 000 transactions, collecting 1 072 million coins with a total face value of HK$1,727 million during the period. The collected coins are re-circulated to meet demand.
The Coin Carts provide service at locations that are convenient to the public without affecting the normal flow of traffic and pedestrians. Locations that have suitable power supply facilities, such as the Leisure and Cultural Services Department mobile library service locations, are preferred so as to reduce the need for using the Coin Carts' own stand-by generators. This makes the Programme more environmentally friendly. In selecting the service locations, the HKMA has taken into consideration comments and suggestions given by district councils and members of public; and has consulted the Transport Department and the Hong Kong Police Force as necessary.
The two Coin Carts collect coins from members of public in the 18 districts of Hong Kong on a rotating basis. Under normal circumstances each Coin Cart will stay at a location for a week, subject to availability of the parking space and the maintenance schedule of the Cart. Service hours are from 10am to 7pm. Each vehicle is equipped with two coin counting machines and operational staff will be present to provide assistance. An electrical wheelchair lift is available for use. Users can choose to exchange coins for banknotes or adding value to their stored value facilities, such as Octopus Cards or e-wallets (including AlipayHK, Octopus Wallet, Tap&Go and WeChat Pay). There is also a Community Chest donation box inside each vehicle. The coin collection service is free of charge.
The HKMA will review the Programme from time to time; and will regularly update the service schedule to give advance notice to the public.
Source: AI-found images
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
