[ET Net News Agency, 31 October 2018] Hang Seng Bank (00011) said it has completed a
pilot trade transaction for two corporate customers through eTradeConnect, a trade finance
blockchain platform in Hong Kong.
Facilitated by the Hong Kong Monetary Authority (HKMA) and launched by Hang Seng
together with other banks, eTradeConnect facilitates the processing and financing of trade
transactions for corporate customers using Distributed Ledger Technology.
Earlier this month, Hang Seng successfully facilitated the completion of an end-to-end
blockchain transaction between Clover Group International Limited and Regina Miracle
International Limited (02199) for the sale and purchase of apparel accessories.
Preparation and transmission of digital trade documents, auto data matching and the
raising of the trade finance request were all conducted through the eTradeConnect
platform. (KL)
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00011 HANG SENG BANK
Nominal 
101.600 +1.600 (+1.600%) Others
31/10/2018 15:37
Hang Seng Bank completes deal via new blockchain platform
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