深港联手破局！大湾区跨境数据流通建设步入快车道

Core Insights - The integration of the Guangdong-Hong Kong-Macao Greater Bay Area is accelerating, with Shenzhen and Hong Kong governments jointly releasing an action plan for financial technology cooperation from 2025 to 2027 [1] - The plan aims to enhance cross-border credit and data verification, addressing long-standing issues of information asymmetry in credit [1][2] - The Greater Bay Area has seen rapid development in digital economy and research collaboration, leading to increased demand for cross-border data flow [1] Group 1: Action Plan Details - The action plan outlines six key dimensions for deepening cooperation in financial technology between Shenzhen and Hong Kong [1] - It includes initiatives for cross-border credit trials and the establishment of a cross-border data verification platform [1][2] - The plan emphasizes the need for regulatory alignment and institutional openness in financial markets [1][2] Group 2: Regulatory and Data Flow Initiatives - The Greater Bay Area has established a framework for interconnectivity in financial markets, including initiatives like "Shenzhen-Hong Kong Stock Connect" and "Bond Connect" [1][2] - Future efforts will focus on expanding the "Bay Area Standards" to financial products and ESG disclosures, with 215 unified standards already established [2] - Shenzhen is exploring "sandbox regulation" for financial technology, including AI and medical data, to facilitate safe and efficient cross-border data flow [2][3] Group 3: Challenges and Governance - The integration of large models in finance raises concerns about data privacy and compliance, necessitating a layered risk governance mechanism [3] - The need for transparent decision-making processes in financial applications is highlighted, as existing algorithms may conflict with regulatory requirements [3] - The ongoing development of a multi-layered, institutionalized data flow system in the Greater Bay Area aims to balance technological innovation with risk management [3]