TechFlow, on October 6, according to People's Finance News, a consumer loan for Hong Kong residents in mainland China has recently been issued in Shenzhen through the Shenzhen-Hong Kong cross-border data verification platform. This pilot program innovatively applies blockchain technology to efficiently verify credit information of Hong Kong residents under the premise of full authorization by the data subjects, effectively resolving difficulties Hong Kong residents face in cross-border financing due to lack of credit history in mainland China. Three young Hong Kong residents working in Shenzhen became the first beneficiaries.
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