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Budget Speech

Commercial Data Interchange

89. The "Commercial Data Interchange" (CDI) announced in last year's Budget, which is targeted to be launched by the end of this year, is progressing well.  A number of banks have successfully approved loans totalling over HK$900 million to SMEs using various kinds of commercial data during the study and pilot launch stages of the project.  The HKMA will enrich the data‑driven financial service ecosystem by exploring the introduction of more commercial data sources in order to expand the function of the CDI.  Concurrently, the Government will explore ways to enable the financial institutions, with the authorisation by the enterprises, to obtain the enterprises' data kept in government departments from various departments in a computer‑readable format.  Priority will be accorded to data which facilitates the application for financial services by SMEs.



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