[Hong Kong Monetary Authority: Regularization of Cross-Border Credit Information Interconnection Pilot in the Greater Bay Area, Blockchain Nodes Established in Hong Kong and Shenzhen] According to Caixin, Hong Kong Monetary Authority (HKMA) Deputy Chief Executive Howard Lee stated that the HKMA and the People's Bank of China have decided to regularize the "Cross-Border Credit Information Interconnection" pilot program, which will be launched in 2024. The pilot program covers the Guangdong-Hong Kong-Macao Greater Bay Area and will first be implemented in Hong Kong and Shenzhen. Participating institutions include seven local retail banks in Hong Kong, such as HSBC, Standard Chartered, and Bank of China (Hong Kong), as well as three local credit reporting agencies. It is reported that the pilot program has incorporated the Shenzhen-Hong Kong Cross-Border Data Verification Platform, which utilizes blockchain technology to establish one node each in Hong Kong and Shenzhen. Users can independently obtain personal or corporate data from data providers and upload it to the designated platform. Using encryption algorithms, a 64-bit hash code is generated. The counterpart (data user) across the border matches this with the same 64-bit hash code, enabling legal cross-border data transfer while ensuring that the data cannot be tampered with by users.