Guangzhou Data Exchange collaborates with Hong Kong institutions to create an innovative ecosystem for digital assets in the Greater Bay Area.

Recently, a leading digital asset Financial Service group announced the signing of a memorandum of cooperation with the Guangzhou Data Exchange. The two parties will, with the support of the Guangdong-Hong Kong government, promote the establishment of a cross-border flow innovation experimental zone for digital assets in Nansha, Guangzhou, build a Compliance investor mechanism, explore compliant issuance channels for data circulation transactions and innovative digital asset trading services in the Guangdong-Hong Kong-Macao Greater Bay Area, and help the Greater Bay Area create a new highland for digital economy development.

This cooperation is a key step for both parties to implement the "Opinions on Financial Support for Guangzhou Nansha to Deepen Comprehensive Cooperation with Hong Kong and Macau Facing the World" (referred to as the "Opinions") jointly issued by the People's Bank of China and four other departments, and to actively respond to national strategic deployments. The "Opinions" propose to support the Guangzhou Data Exchange in improving comprehensive services for data flow and trading, and to strengthen cooperation and connection with licensed digital asset trading platforms in Hong Kong, innovating the service methods for digital asset trading.

This cooperation aims to promote the deep integration of Hong Kong's financial resources with the technological and industrial resources of the mainland, fully leveraging the advantages of the mainland's real industrial resources and Hong Kong's strengths as an international financial center in gathering global capital and providing efficient financial services, forming organic linkage and deep complementarity. Both parties will take specific practical cases as the starting point, fully integrate the digital asset trading rule systems of the Guangdong-Hong Kong region, jointly develop relevant standards for data circulation and innovative digital asset trading services, and actively cultivate a compliance digital asset service ecosystem.

Through in-depth cooperation between the exchanges in Guangdong and Hong Kong, the digital asset industry ecosystem, compliance, and trial-and-error iteration paths can be clarified. Based on the clear safety red lines for institutional innovation and compliance matters, it anchors the underlying assets on-chain and presses the acceleration key for innovative services in digital asset trading in the Guangdong-Hong Kong-Macao Greater Bay Area. This will promote the full-chain development of digital asset projects from creative incubation to industrial implementation, building a digital asset innovation ecosystem with global resource allocation capabilities, and comprehensively enhancing the region's strategic position in the global digital economy landscape.

Since its establishment in Nansha in September 2022, the Guangzhou Data Exchange has built a full-chain data circulation and trading ecosystem that extends "horizontally to cities and vertically to industries," covering 25 industries including intelligent manufacturing, finance, and health care, and has established 14 data integration application service bases across the country. As a key node for data factor circulation in the Guangdong-Hong Kong-Macao Greater Bay Area, this exchange deeply explores the mechanism of cross-border two-way data circulation and promotes the cross-border flow of data factors relying on the "Data Special Zone."

It is worth mentioning that the Guangzhou Data Exchange has promoted the cross-border data product "Offshore Trade" to complete the data asset registration work, helping Guangzhou achieve a "zero" breakthrough in the registration of cross-border data assets. At the same time, the exchange also facilitated the transaction of "ESG Rating Data" with partners located in Hong Kong, contributing to the implementation of the first nationwide cross-border transaction of ESG-type data. These initiatives further highlight the vast prospects for cooperation in the digital economy between Guangdong and Hong Kong.

This cooperation will further promote the feasibility of large-scale application of blockchain technology in multiple fields, providing global users with trustworthy and accessible digital asset services. With the continuous development of the digital economy in the Guangdong-Hong Kong-Macao Greater Bay Area, we have reason to believe that this region will occupy a more important strategic position in the global digital economy landscape.