TechFlow news, November 29: According to Hong Kong Wen Wei Po, WeBank has partnered with Hong Kong digital bank Fusion Bank to leverage the Shenzhen-Hong Kong cross-border data verification platform. With blockchain technology, business operational data from mainland China is transformed into tamper-proof credit reports, enabling local Hong Kong banks to approve unsecured loans based on these reports. It is reported that the first loan has been successfully issued to a cross-border logistics company, marking mainland data assets being converted into tangible working capital in Hong Kong through technological means.
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