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Hong Kong and China Banks Test Blockchain Links for Credit Verification

HKMA and PBoC launch permanent blockchain credit data exchange pilot in Greater Bay Area.

  • HKMA and PBoC formalize blockchain-based cross-border credit data exchange pilot.
  • Blockchain nodes in Hong Kong and Shenzhen enhance secure credit data verification.
  • 36 firms apply for Hong Kong stablecoin licenses under new 2025 regulatory framework.

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) agreed to formalize the Greater Bay Area Cross-Border Credit Information Sharing pilot. 

The pilot, which was launched in 2024 strengthens data connectivity between Hong Kong and mainland China across the Guangdong–Hong Kong–Macao region.

香港金管局:常规化大湾区跨境征信互通试点,数据验证平台在港深各建区块链节点

据财新网,香港金融管理局副总裁阮国恒指出,已与中国人民银行决定将2024年开展的“跨境征信互通”业务试点常规化,该试点覆盖粤港澳大…

Read The Full Article Hong Kong and China Banks Test Blockchain Links for Credit Verification On Coin Edition.

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