Pilot Trial of Cross-Border Credit Checks Initiated in Greater Bay Area between Hong Kong and Shenzhen
Monday, 6 May 2024, 13:00
Greater Bay Area Credit Data Transfer Pilot
A new data-verification platform is being tested to carry out credit checks across borders between Hong Kong and Shenzhen in the Greater Bay Area. This initiative is part of Beijing's efforts to ensure smooth cross-border data flows while not disrupting regular business activities.
Objective and Implementation
The pilot aims to evaluate the effectiveness and feasibility of conducting credit checks in the region. This trial period is crucial in setting the foundation for future data verification mechanisms.
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