Chongqing-Hong Kong cross-border data verification platform goes online

China News Service, Chongqing, October 14 (Reporter Liu Xian) The Chongqing Branch of the People's Bank of China announced that the Chongqing-Hong Kong cross-border data verification platform was officially launched in Chongqing and Hong Kong on the 14th. It is the first cross-border data verification cooperation platform in the central and western regions.

The Chongqing-Hong Kong cross-border data verification platform is committed to building a new digital cross-border financial service infrastructure in Chongqing and Hong Kong. It is actively coordinated and promoted by the Hong Kong Monetary Authority, the Chongqing Branch of the People's Bank of China, the Chongqing Municipal Party Committee Finance Office, the Chongqing Municipal Party Committee Internet Information Office, and the Chongqing Municipal Government's Hong Kong and Macao Affairs Office. Chongqing Credit Information Co., Ltd., as the Chongqing side platform operator, is jointly developed and built with the Hong Kong side platform operator.

The platform deploys a blockchain node in Chongqing and Hong Kong. It uses the technical advantages of blockchain that cannot be tampered with and is traceable, and uses hash value cross-border verification to achieve trusted verification of "users carrying their own data". The platform itself does not involve the cross-border transmission and storage of original data files. It only provides trusted verification services for business scenario organizations based on hash values. While meeting the regulatory requirements for cross-border data flow, it effectively ensures data security, compliance, efficiency, and orderly circulation.

The online operation of this platform will provide convenient conditions for residents of Chongqing and Hong Kong to work and live across the border, as well as for enterprises in both places to expand business and cross-border financing in both directions. The initial launch phase of the platform will focus on cross-border financial scenarios. Banking institutions in the two places are accelerating the verification of "southbound" and "northbound" two-way data flows and the promotion and application of business scenarios, assisting various market entities in the two places to handle diversified financial services such as account opening, financing credit, and credit information verification.

The Chongqing-Hong Kong cross-border data verification platform is an open platform. In the future, it will gradually cover the areas along the New Western Land-Sea Corridor and continue to expand service scenarios in more fields such as cross-border people's livelihood, cross-border medical care, and cross-border education. (over)