HKMA welcomes launch of Chongqing-Hong Kong data validation platform

Hong Kong and Chongqing authorities have launched a new cross-boundary data validation platform designed to verify customer-provided information without transferring or storing original documents across the border, according to the Hong Kong Monetary Authority and the Chongqing authorities on 14 October 2026. The move expands a data-infrastructure model previously used in the Shenzhen-Hong Kong corridor and is intended to support banking services such as account opening and loan applications. The Chongqing-Hong Kong Cross-boundary Data Validation Platform, or CQ-HK DVP, was jointly established with support from the HKMA, the People’s Bank of China Chongqing Municipal Branch, the Office of the Financial…