近日，香港财经事务及库务局联合深圳市地方金融管理局共同发布《关于携手打造港深全球金融科技中 心的行动方案（2025-2027年）》，进一步推动跨境征信领域"北上南下"试点，明确到2027年底，落地 20个以上深港跨境数据验证平台金融领域应用场景。 农行前海分行场景创新业务负责人介绍，此次试点核心是通过区块链技术打通传统跨境金融服务中数据 验证的堵点，让双城生活告别"证明烦恼"，为来深香港居民、香港企业提供便捷、高效的金融服务。 南北双向格局初显 中国证券报记者调研了解到，目前内地银行在为香港居民办理贷款时，内地的房产和社保缴纳情况仍是 主要参考指标。"如果香港居民计划在我行办理消费贷产品，建议到线下网点进行咨询和申请。我们会 根据客户具体情况，为其匹配可办理的贷款产品。一般来说，如果客户在深圳有房产、缴纳了社保，贷 款申请比较容易通过。"农业银行深圳市分行的一位贷款经理向记者表示。 深港两地长期存在信用信息不对称等难题，内地银行对香港居民发放贷款较为谨慎，因此在内地有可抵 押资产在一定程度上成为银行放贷的"硬性"条件。 今年9月，在深圳市委网信办、前海管理局、人民银行深圳市分行、香港金管局等多单位的指导与支持 ...

随着粤港澳大湾区人员往来与经济融合的持续深化，曾以南向为主的深港跨境信贷格局正在重塑，香港 居民北向贷款需求从潜在走向现实。依托跨境征信互通与深港跨境数据验证平台的应用，首批标志性案 例落地为大湾区金融互联互通写下生动注脚。然而，在实践推进过程中，港深两地征信数据标准差异、 贷款产品场景覆盖不足等难题仍待破解，推动这一领域发展的关键在于政策与市场持续协同发力。 近日，香港财经事务及库务局联合深圳市地方金融管理局共同发布《关于携手打造港深全球金融科技中 心的行动方案（2025-2027年）》，进一步推动跨境征信领域"北上南下"试点，明确到2027年底，落地 20个以上深港跨境数据验证平台金融领域应用场景。 ● 本报记者 石诗语 南北双向格局初显 农行前海分行场景创新业务负责人介绍，此次试点核心是通过区块链技术打通传统跨境金融服务中数据 验证的堵点，让双城生活告别"证明烦恼"，为来深香港居民、香港企业提供便捷、高效的金融服务。 业内人士认为，通过该模式，银行可以非常便利地获取真实有效的香港居民的征信数据，有效解决来深 香港居民内地信息空白、难以评估的痛点，更加精准掌握借款人的历史记录，降低香港居民内地融资门 槛， ...

Core Insights - The Hong Kong Financial Services and the Treasury Bureau and the Shenzhen Local Financial Supervision Bureau have jointly released an action plan to establish a cross-border financial technology center between Hong Kong and Shenzhen by 2027, aiming to implement over 20 cross-border data verification platforms in the financial sector [1][3] Group 1: Cross-Border Credit Landscape - The cross-border credit landscape between Hong Kong and Shenzhen is evolving, with a shift from a southbound focus to a more balanced north-south dynamic, as Hong Kong residents' demand for loans in mainland China becomes more tangible [1][4] - The first significant case of cross-border consumer loans for Hong Kong residents was successfully executed by Agricultural Bank of China Shenzhen Branch, utilizing a cross-border data verification platform [2][4] Group 2: Challenges and Solutions - There are existing challenges such as discrepancies in credit data standards and insufficient coverage of loan product scenarios, which need to be addressed to facilitate the growth of cross-border lending [1][4] - The use of blockchain technology in the verification process is expected to streamline data validation and enhance financial services for Hong Kong residents living in Shenzhen [2][3] Group 3: Policy and Market Dynamics - The action plan aims to explore mechanisms for cross-border financial data flow and enhance cooperation between financial institutions in both regions, with a target of establishing over 20 applications by the end of 2027 [3][6] - The Hong Kong Monetary Authority has indicated that successful pilot projects will be regularized, allowing for the development of market-driven cross-border credit solutions [6]

Core Insights - The Shenzhen local credit platform has successfully addressed the financing difficulties faced by small and micro enterprises, accumulating services for nearly 7 million entities and facilitating financing exceeding 24 trillion yuan by the end of 2024 [1][4] - The platform has provided credit services to over 77,000 enterprises, with more than 11,000 being first-time borrowers, resulting in over 700 billion yuan in financing, of which 70% are inclusive microloans and 80% are credit loans [1][4] Group 1: Platform Overview - The Shenzhen local credit platform, operational since early 2022, aims to enhance enterprise financing by aggregating credit information and management data from various government departments [1][4] - The platform has collected over 3.4 billion pieces of government data, covering approximately 4.5 million business entities in Shenzhen [4][6] Group 2: Product Innovation - The platform has introduced various financial products tailored to different types of small and micro enterprises, including "Technology Startup Pass," "Individual Pass," "Carbon Reduction Loan," and "Seed Loan" [4][6] - The "Technology Startup Pass" product has issued over 7.3 billion yuan in credit, serving more than 4,600 technology SMEs, with 80% of these being outside traditional qualification lists [4][6] Group 3: Unique Shenzhen Model - Shenzhen's credit platform has developed a unique "Shenzhen Model" for small and micro enterprise financing, characterized by a unified platform for public credit information services and a comprehensive data utilization authorization [6][7] - The platform integrates financing services, local credit services, and public data utilization into a cohesive system, enhancing resource efficiency compared to other regions [6][7] Group 4: Cross-Border Services - The platform has initiated cross-border credit cooperation with Hong Kong, facilitating over 2 billion yuan in financing for Hong Kong-funded enterprises through the "Northbound Pass" [7][9] - The "Southbound Pass" aims to support mainland enterprises in Hong Kong by providing authorized data for financing, with 1,384 data verifications completed [9] Group 5: Data Security Measures - The platform has established a comprehensive security system for handling sensitive data, utilizing a dual-cloud architecture and various protective measures to ensure data safety [11][12] - The platform has achieved significant security certifications and has successfully passed national security tests, demonstrating its robust data protection capabilities [11][12]

Core Viewpoint - The action plan aims to enhance cross-border financial cooperation between Hong Kong and Shenzhen, addressing long-standing issues of credit information asymmetry and establishing a framework for cross-border data flow and credit verification [1][3][6]. Group 1: Action Plan Details - The action plan outlines the establishment of a cross-border financial data flow mechanism and the promotion of cross-border credit trials [1][3]. - It aims to deepen the construction of cross-border data verification platforms, targeting the launch of over 20 financial application scenarios by the end of 2027 [1][3]. - The plan is designed to create a regulatory consensus and compliance boundaries for cross-border credit information verification [3][6]. Group 2: Market Demand and Trends - There is a rising demand for credit services among Hong Kong residents, who increasingly seek local credit cards and financing options for daily expenses and property purchases [2][5]. - Mainland banks are showing a positive attitude towards expanding their customer base in Hong Kong, focusing on key credit indicators during the evaluation process [2][5]. - The shift in cross-border financial needs reflects the deepening integration of the Guangdong-Hong Kong-Macao Greater Bay Area [2][5]. Group 3: Implementation and Progress - The pilot for cross-border credit verification began in 2024, with collaboration between credit institutions in Hong Kong and Shenzhen [5]. - As of October 2023, the cross-border credit verification initiative has facilitated loan approvals totaling 260 million HKD for over 10 businesses and individuals [5]. - The initiative addresses the challenges of credit information asymmetry that have historically hindered cross-border financing activities [6].

Core Insights - The article discusses the establishment of a cross-border data verification platform aimed at enhancing financial integration between Shenzhen and Hong Kong, addressing challenges in credit data recognition and loan processing for residents [2][5][9]. Group 1: Action Plan and Goals - The Hong Kong and Shenzhen governments have jointly released an action plan for 2025-2027, which includes the establishment of a cross-border financial data flow mechanism and aims to implement over 20 financial application scenarios by the end of 2027 [2][3][4]. - The plan emphasizes the importance of data circulation and digital technology innovation to deepen financial technology collaboration between the two regions [3][4]. Group 2: Current Status and Achievements - As of now, the cross-border data verification platform has facilitated loans exceeding 700 million yuan and has launched the first data insurance zone and a 130 million yuan data asset ABS [3]. - The platform has been operational since May 2024, allowing for secure verification of credit data through a hashing process to ensure data integrity [10][11]. Group 3: Challenges and Solutions - The article highlights the challenges faced in cross-border financial services, including the lack of mutual recognition of credit data and the complexities involved in loan defaults across different jurisdictions [6][7]. - To address these issues, the article suggests the need for a collaborative mechanism between the People's Bank of China and Hong Kong regulatory authorities to establish a unified credit record recognition system [12]. Group 4: Future Prospects - The verification platform is designed to be highly open and adaptable, allowing for the integration of various data sources and the development of additional application scenarios [12]. - Recommendations include the establishment of a financial identity authentication platform for Hong Kong and Macau residents, utilizing blockchain and privacy computing technologies to ensure data security [12].

Core Viewpoint - The article discusses the ongoing efforts to establish a cross-border data verification platform between Shenzhen and Hong Kong, aimed at facilitating financial services and addressing the challenges posed by the lack of mutual credit data recognition between the two regions [3][5][11]. Group 1: Action Plan and Implementation - The Hong Kong and Shenzhen governments have jointly released an action plan (2025-2027) to create a global fintech center, which includes exploring mechanisms for cross-border financial data flow [3][5]. - By the end of 2027, the plan aims to implement over 20 financial application scenarios utilizing the cross-border data verification platform [4][5]. - The action plan emphasizes the importance of data circulation and digital technology innovation to enhance financial technology collaboration between the two regions [5][6]. Group 2: Current Status and Achievements - As of now, the cross-border data verification platform has facilitated loans exceeding 700 million yuan and has established the first data insurance zone in the country [5]. - The platform has been operational since May 2024, allowing users to verify the authenticity of credit reports through a hashing process [13][14]. - The Hong Kong Monetary Authority has decided to regularize the cross-border credit information exchange pilot program, supporting the development of market-based solutions [13][14]. Group 3: Challenges and Solutions - The article highlights the challenges faced in cross-border financial services, including the lack of mutual recognition of credit data and the complexities of legal jurisdiction in case of loan defaults [9][10]. - The cross-border data verification platform is seen as a key solution to break down these information barriers, enabling more efficient financial services for residents moving between the two regions [11][12]. - Future plans include expanding the types of data supported by the verification platform and establishing a unified financial identity authentication platform for residents [15].

Core Insights - The article discusses the establishment of a cross-border data verification platform between Shenzhen and Hong Kong, aimed at addressing the challenges of credit data recognition and facilitating financial services for residents in both regions [1][2][3]. Group 1: Action Plan and Goals - The Hong Kong and Shenzhen governments have jointly released an action plan (2025-2027) to create a global fintech center, which includes exploring mechanisms for cross-border financial data flow [1][2]. - By the end of 2027, the plan aims to implement over 20 financial application scenarios utilizing the cross-border data verification platform [2][10]. - The action plan emphasizes the importance of data circulation and digital technology innovation to enhance financial technology collaboration between the two regions [2][3]. Group 2: Current Status and Achievements - As of now, the cross-border data verification platform has facilitated loans exceeding 700 million yuan and established the first data insurance zone in the country [2][8]. - The platform operates by generating a hash value for data files, allowing verification of data integrity when transferred between institutions in Shenzhen and Hong Kong [8][9]. Group 3: Challenges and Solutions - The article highlights the challenges faced in cross-border financial activities, particularly the lack of mutual recognition of credit data, which complicates loan approvals and risk management for Hong Kong banks [5][6]. - The need for a regulatory framework that supports cross-border data sharing and the establishment of a unified financial identity verification platform for residents is emphasized [10]. Group 4: Future Outlook - The cross-border data verification platform is designed to be highly open and adaptable, supporting various data sources and application scenarios across different industries [10]. - There is a call for the establishment of a cross-border credit cooperation mechanism and the use of blockchain technology to enhance data security and verification processes [10].

Core Insights - The dual financial demand of "southbound" and "northbound" is becoming evident, with a focus on breaking down barriers in credit data recognition between mainland China and Hong Kong [1][5][6] - The recently released "Action Plan" aims to establish a cross-border financial data flow mechanism and create over 20 financial application scenarios by the end of 2027 [2][4] Group 1: Action Plan and Implementation - The "Action Plan" emphasizes the importance of data element circulation and digital technology innovation to deepen financial technology collaboration between Shenzhen and Hong Kong [2][4] - As of now, the cross-border data verification platform has facilitated loans exceeding 700 million yuan and established the first data insurance zone in the country [2] - The plan includes measures to optimize the regulatory environment for cross-border financial technology innovation and explore digital transformation in regulation [2][3] Group 2: Trends in Cross-Border Financial Activities - There is a shift from short-term consumption to long-term residency for Hong Kong residents in mainland China, leading to increased demand for loans and social security [4][6] - The asset allocation of Hong Kong residents is expanding beyond local investments to include mainland loans for property purchases and other financial activities [4][6] - The trend of young Hong Kong residents moving north for employment or entrepreneurship is growing, particularly in emerging sectors like technology and finance [4][6] Group 3: Challenges and Solutions - The lack of mutual recognition of credit data between the two regions poses significant challenges for financial institutions in verifying the creditworthiness of clients [6][7] - The cross-border data verification platform is seen as a key solution to overcoming information barriers and facilitating smoother financial transactions [8][9] - The Hong Kong Monetary Authority is working on regularizing cross-border credit data sharing, which will support the development of market-based solutions [9][10] Group 4: Future Prospects - The verification platform is designed to be highly open, allowing for the integration of various data sources across different industries [11] - There are suggestions to establish a unified financial identity authentication platform for residents of Hong Kong and Macau, utilizing blockchain and privacy computing technologies [11]

Core Insights - China is actively developing a multi-level credit reporting market to meet the diverse credit needs of society [1] - By 2024, personal credit institutions are expected to provide over 70 billion credit services, while 154 enterprise credit institutions will offer 36.5 billion services [1] - The credit system in China is driven by a "government + market" model, with Baixing Credit being a key player in both personal and enterprise credit services [1] Personal Credit Development - Baixing Credit has established a personal credit system that will include 760 million individuals by October 2025, with 240 million having credit information [2] - The company integrates various data sources, including business and judicial data, to enhance credit assessments for small and micro enterprises [2][3] Enterprise Credit Services - By October 2025, Baixing Credit aims to cover over 1 billion non-credit information subjects, ensuring comprehensive coverage of economic entities [4] - The company has signed service agreements with over 1,000 financial institutions, with a total of over 100 billion calls to various credit products [4] Cross-Border Credit Interconnectivity - Baixing Credit is involved in the pilot program for cross-border credit interconnectivity between mainland China and Hong Kong, facilitating loan activities for businesses and residents [5][6] - The company has successfully launched services that provide credit reports for Hong Kong enterprises seeking financing in mainland China [5] Data Security and Compliance - Baixing Credit emphasizes data security and compliance, adhering to personal information protection laws and enhancing customer service agreements [7] - The company has implemented a management system based on the principle of "my data, I control," ensuring rigorous data handling and monitoring [7] Future Plans and Strategic Focus - Looking ahead to the "14th Five-Year Plan," Baixing Credit aims to support inclusive finance and enhance the national credit system [8][9] - The company plans to innovate in financial services, focusing on green finance, digital finance, and international business expansion [9]