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Hong Kong Government Press Releases (info.gov.hk)·HK·

HKMA welcomes launch of Chongqing-Hong Kong Cross-Boundary Data Validation Platform

The following is issued on behalf of the Hong Kong Monetary Authority: The Chongqing and Hong Kong authorities announced today (October 14) the launch of the Chongqing-Hong Kong Cross-boundary Data Validation Platform (CQ-HK DVP). As set out in the Chief Executive's 2026 Policy Address, this new cross-boundary data validation mechanism jointly established with Chongqing is one of the measures for encouraging the orderly flow of financial elements between the Chinese Mainland and Hong Kong. The Hong Kong Monetary Authority (HKMA) facilitated the establishment of the CQ-HK DVP (Note 1) together with authorities including the People's Bank of China Chongqing Municipal Branch, the Office of the Financial Commission of the Chongqing Municipal Committee, the Office of the Cyberspace Affairs Commission of the Chongqing Municipal Committee, and the Hong Kong and Macao Affairs Office of the Chongqing Municipal People's Government. Leveraging blockchain technology and data coding (i.e. hash values), the CQ-HK DVP enables the verification of data presented by customers without involving the cross-boundary transfer or storage of the original documents. The relevant innovative technologies and

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