Core Insights - The People's Bank of China has launched a national credit information sharing platform for small and micro enterprises, enhancing the interconnectivity of credit information and supporting high-quality economic development [1] Group 1: Platform Overview - The national small and micro enterprise fund flow credit information sharing platform is a crucial financial infrastructure aimed at improving credit information sharing among banks [1] - Shanghai has become a pioneer in this initiative, being the first to connect foreign banks to the platform, thereby promoting mutual sharing of credit information [1] Group 2: Recent Developments - As of October 2025, six additional banking institutions in Shanghai have successfully connected to the fund flow information platform, including four foreign banks, one rural commercial bank, and one private bank [1] - Notable foreign banks that joined the platform include HSBC China, Standard Chartered China, Fubon Bank (China), and Nanyang Commercial Bank (China), which expands the platform's coverage and service capabilities [1]

Core Insights - The People's Bank of China announced that in October, six banking institutions in Shanghai joined the national SME fund flow credit information sharing platform, enhancing the platform's coverage and service capabilities [1][2]. Group 1: Platform Overview - The fund flow information platform is a crucial financial infrastructure aimed at improving the credit information interconnectivity for SMEs and exploring the application of shared bank fund flow credit information [2]. - The platform has already seen participation from 30 banking institutions in Shanghai, with over 100,000 queries made in the first three quarters of the year, supporting credit issuance of 41.2 billion yuan, benefiting over 6,800 enterprises, with more than 80% being inclusive micro and small loan enterprises [3]. Group 2: Participation of Foreign Banks - Four foreign banks, including HSBC China, Standard Chartered China, Fubon Bank (China), and Nanyang Commercial Bank (China), are among the first to join the platform, which broadens the types of participants and enhances the platform's service radius [1][2]. - HSBC China plans to focus on "credit white households" and "first-time borrowers" among SMEs, using platform data to verify business authenticity and scale, thereby mitigating financial risks [2]. - Standard Chartered China aims to establish a mature application mechanism for fund flow products, integrating them into credit business processes [2]. - Fubon Bank (China) intends to implement a strategy for both corporate and retail micro-enterprise clients, utilizing fund flow information for pre-loan assessments and post-loan management [2]. - Nanyang Commercial Bank (China) has successfully executed its first query for a micro-enterprise client, using fund flow reports to support credit management and risk assessment [2].