Guangdong-Hong Kong Collaboration: HashKey Group Signs MOU with Guangzhou Data Exchange
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Guangdong-Hong Kong Collaboration: HashKey Group Signs MOU with Guangzhou Data Exchange
The realization of this collaboration marks a crucial step for both parties in implementing the "Opinions" and actively responding to national strategic initiatives, as well as deeply integrating into the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area.
Navigating Web3 tides with focused insightsHashKey Group, a leading digital asset financial services group in Asia with a global presence, announced the signing of a Memorandum of Understanding (MoU) with the Guangzhou Data Exchange on June 17. With support from the governments of Guangdong and Hong Kong, both parties will advance the establishment of an innovative pilot zone for cross-border digital asset flows in Nansha, Guangzhou. They aim to build a compliant investor framework and explore regulated pathways for data circulation, transaction, and innovative digital asset services within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), supporting the region’s development as a new highland for the digital economy.
(Xiao Feng, Chairman and CEO of HashKey Group, and Xu Jingjing, Chairman of Guangzhou Data Exchange, sign the agreement)
Recently, the People's Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Guangdong Provincial People's Government jointly issued the Opinions on Financial Support for Guangzhou Nansha to Deepen Comprehensive Cooperation面向the World through the GBA (referred to as the "Opinions"). The document supports the Guangzhou Data Exchange in enhancing its comprehensive data circulation and trading services and calls for strengthened collaboration with licensed digital asset platforms in Hong Kong to innovate digital asset service models.
This partnership marks a key step by both parties in implementing the Opinions and actively responding to national strategic initiatives, further integrating into the integrated development of the Greater Bay Area. Using coordinated development in the digital asset sector as a breakthrough point, the collaboration aims to deepen the integration of Hong Kong’s financial resources with mainland China’s technological and industrial capabilities. By leveraging the mainland’s strong real-economy foundation and Hong Kong’s strengths as an international financial center—particularly its ability to attract global capital and deliver professional, efficient financial services—the two sides will create synergies and deep complementarities. Starting with concrete pilot cases, they will work toward end-to-end alignment of digital asset trading rules between Guangdong and Hong Kong, jointly develop standards for data circulation and innovative digital asset services, and actively cultivate a compliant digital asset service ecosystem.
Through deep cooperation between exchanges in Guangdong and Hong Kong, this initiative will clarify the digital asset industry ecosystem, compliance requirements, and iterative testing pathways. Based on clearly defined regulatory boundaries and compliance frameworks, it will anchor underlying assets on-chain, accelerating innovation in digital asset trading services across the Greater Bay Area. This effort will promote full-chain development of digital asset projects—from idea incubation to industrial implementation—and build a globally connected digital asset innovation ecosystem, significantly enhancing the region’s strategic position in the global digital economy landscape.
About HashKey Group
HashKey Group is a leading digital asset financial services group in Asia with a global footprint.
Since 2018, HashKey Group has built a globally distributed Web3 ecosystem under high-compliance regulatory frameworks across Hong Kong, Singapore, Japan, Bermuda, and beyond. This includes: HashKey Exchange, Hong Kong’s largest* licensed virtual asset exchange; HashKey Global, a virtual asset exchange; HashKey MENA, a Dubai VARA-permitted virtual asset exchange; HashKey Capital, a global asset management firm focused on blockchain technology and digital assets; HashKey OTC, offering compliant over-the-counter digital asset trading services; HashKey Cloud, a world-leading Web3 infrastructure provider; and HashKey Tokenisation, a tokenization services provider. HashKey Group also boasts a rich on-chain ecosystem, including the Ethereum L2 network HashKey Chain and the native utility token HSK.
HashKey Group remains committed to advancing the large-scale feasibility of blockchain technology across multiple sectors, delivering trusted and accessible digital asset services to one billion users worldwide.
*As of January 31, 2025, HashKey Exchange ranks No. 7 on Coingecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.
About Guangzhou Data Exchange
Guangzhou Data Exchange adheres to the mission of “Rooted in Guangdong, Serving the Bay Area, Connecting the Nation.” Since its launch in Nansha in September 2022, the exchange has established a comprehensive, full-chain data circulation and trading ecosystem that extends horizontally across cities and vertically into industries. Its operations span 25 sectors, including intelligent manufacturing, finance, and healthcare, and it has set up 14 national data fusion application service bases. As a pivotal node for data element circulation in the Greater Bay Area, the exchange is deeply exploring two-way cross-border data flow mechanisms, driving cross-border data mobility through the concept of a “data special zone.” It has facilitated the accounting recognition of the cross-border data product “offshore trade,” achieving Guangzhou’s first-ever inclusion of cross-border data assets on balance sheets. It also enabled the transaction of “ESG rating data” with a partner in Hong Kong, marking the first cross-border ESG-related data transaction in China.
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