WeBank and Fusion Bank launch blockchain-based data verification credit reports and issue the first unsecured loan in Hong Kong
According to ChainCatcher, WeBank has partnered with Hong Kong digital bank Fusion Bank to utilize the Shenzhen-Hong Kong cross-border data verification platform. With the support of blockchain technology, business operation data from mainland enterprises is transformed into tamper-proof credit reports. Local banks in Hong Kong can issue unsecured loans based on these reports. It is reported that the first loan has already been successfully granted to a cross-border logistics company, demonstrating that mainland data assets can be converted into real liquid funds in Hong Kong through technological means.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
American Express Stock Shocks Despite Positive Revenue and Earnings
The AI arms race extends upstream! Reports say Intel, Nvidia, and AMD are prepaying over 100 billions NTD to secure advanced IC substrate production capacity.
NVIDIA, Intel, and AMD have collectively spent $5 billion in advance payments to aggressively secure high-end IC substrates from Taiwan. Driven by "big money for guaranteed orders," the top three Taiwanese substrate manufacturers have invested a record NT$161.2 billion to expand their production capacity. The tech giants' substantial financial commitments to secure supply chains highlight the intense competition and extreme scarcity of core AI materials.
Crypto prices
More
