Core Insights - The Hong Kong Monetary Authority (HKMA) and the People's Bank of China have decided to regularize the cross-border credit reporting pilot program, allowing the industry to productize the results and develop market-based cross-border credit solutions [1][2] - The HKMA aims to optimize the cross-border credit reporting and verification platform to facilitate loan approvals for Mainland residents and enterprises in Hong Kong [1] - The cross-border sharing of credit information has become a significant topic in the international financial industry, with successful cases of data transmission between credit agencies [1][2] Group 1 - The verification platform utilizes blockchain technology and hash values for document verification, enabling banks to quickly and securely validate user data [2] - Since its launch in May 2024, the verification platform has served over 10 banks and credit agencies, supporting account opening, remittance, and lending activities [2] - The platform has successfully integrated with Commercial Data Interchange (CDI), providing member institutions with easier access [2] Group 2 - The pilot program has made significant progress, successfully transmitting various types of corporate and personal data across borders [2] - Hong Kong banks have obtained highly credible credit reports from the People's Bank of China, assisting in the approval of loans exceeding HKD 260 million, including corporate loans, personal credit, and mortgage scenarios [2]
香港金管局：将继续与内地相关部委共同协作 优化“跨境征信互通”和验证平台
智通财经网·2025-10-10 09:27