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]