Group 1 - The Hong Kong Monetary Authority (HKMA) is focused on enhancing the financial digital infrastructure to benefit small and medium-sized enterprises (SMEs) and promote economic development [1] - SMEs constitute 98% of all businesses in Hong Kong, with 40% engaged in import and export as well as wholesale and retail, making their access to bank financing crucial for trade development [1] - Improved data collection efficiency allows financial institutions in Hong Kong to conduct deeper analyses and create credit scoring models, enabling more accurate predictions of repayment capabilities [1] Group 2 - The HKMA is collaborating with the Hong Kong SAR Government's Digital Policy Office and the Commerce and Economic Development Bureau to integrate the "Commercial Data Interchange" (CDI) with the upcoming "Trade Single Window" service [2] - As of June 2025, 26 banks and 17 data providers are participating in the CDI, facilitating over 61,000 loan applications with an estimated total credit approval amount of HKD 50.1 billion [2] - The CDI aims to address the fragmented data issue in Hong Kong by providing a unified data platform, allowing easier access and application of data for financial institutions and businesses [2]

Group 1 - The Hong Kong Monetary Authority (HKMA) has successfully connected the "Commercial Data Interchange" (CDI) with the Land Registry through the "Authorized Data Exchange Gateway," enhancing the automation of the land search process for banks [1] - This connection allows banks to access land and ownership information more directly via an application programming interface (API), streamlining property valuation, mortgage, and loan approval processes, thereby improving risk management and customer experience [1] - The launch of the LR@CDI enables banks to query electronic notifications related to mortgage loan risk status when registering mortgage documents with the Land Registry [1] Group 2 - Since the integration of CDI with the Authorized Data Exchange Gateway is set to be fully operational in August 2024, the CR@CDI has gained popularity among banks, with an average monthly data transmission of approximately 1.5 million times [2] - Eight banks are actively using CR@CDI to enhance operational efficiency and risk management across various business scenarios, including automating online account opening processes and conducting customer due diligence [2] - More banks are expected to join the "Commercial Data Interchange" to utilize APIs for easier access to company registration records [2]