Unleash the Power of Data

through Commercial Data Interchange (CDI)

Next-Generation Financial Data Infrastructure

CDI aims to enable more efficient financial intermediation in the banking system and enhance financial inclusion in Hong Kong.

Instead of multiple one-to-one connections, each bank and data provider will have a single connection to CDI. Data sharing has never been easier.

Potential use cases

Credit Underwriting

Enhance risk assessment with alternative data

Product Development

Promote innovation in financial products and services with market data

Customer Acquisition

Provide services to more customers at scale

Know Your Customer (KYC)

Verify identity and business activities from different sources

Business Intelligence

Gain insights from data analytics

Key Features

Consent-based Sharing

Consent-based Sharing

Commercial data will be shared only after data owners (e.g. small and medium-sized enterprises (SMEs)) have given their explicit consent to banks and data providers.

API Standardisation

Application Programming Interface (API) Standardisation

API and data models defined in CDI empower a more efficient data sharing mechanism and flexible use cases among CDI participants.

Innovation Stimulation

The design of CDI can accommodate high level of independency among CDI participants, fostering innovation in financial products and services with the use of alternative data.

Data Immutability

The blockchain design of CDI means audit records are immutable, traceable and verifiable, ensuring a proper audit trail. Nevertheless, CDI does not store any commercial data to uphold the principle of data protection and increase system efficiency.

Security and Trust

Only authorised entities (i.e. CDI participants) can connect with CDI and perform data exchange. All participants are identifiable and trusted.

Participants

0 +

Loan applications and reviews

0 +

Estimated credit approval amount

HK$ 0 B+

(From production launch to Dec 2025)

Benefitting SME Financing

This is one of the videos showcasing how Hong Kong-based SMEs can make use of alternative data via CDI and apply for bank loans. To see the rest of the videos, please visit the SME Stories page.

Standard Chartered Bank (Hong Kong) Limited

We are pleased that HKMA is launching CDI as a data infrastructure in the Fintech 2025 strategy. This is important to us as it streamlines the process of collecting our clients’ data in a secured and prompt manner, offers more comprehensive view of their business performance, and helps us develop more used cases by leveraging the SME’s alternative data generated during business operations. CDI can also help us provide better customer experience, drive for more product innovation and financial inclusion for the SME community.

Winnie Tung

Standard Chartered Bank (Hong Kong) Limited

Ping An OneConnect Bank (Hong Kong) Limited

We are pleased to be the first virtual bank participating in the HKMA’s Commercial Data Interchange initiative. Leveraging Tradelink Electronic Commerce Limited’s customer trade declaration data as an alternative data source for credit assessment, we have streamlined the loan approval process and have made the banking services more accessible for SMEs. We will continue to expand virtual banking services for more SMEs through the use of alternative data, and promote financial inclusion in Hong Kong.

Michael Fei

Ping An OneConnect Bank (Hong Kong) Limited

Hang Seng Bank

We can serve our customers better by leveraging commercial data to streamline our processes and offer enhanced digital experiences. With improved insights into our customers’ businesses, we are better able to assess their needs and objectives, which allows us to provide tailor-made financial solutions for us to better help our customers grow.

Donald Lam

Hang Seng Bank

Dun & Bradstreet Hong Kong

Dun & Bradstreet Hong Kong is fully committed to its ongoing collaboration with the CDI to support further acceleration and upscaling of credit risk assessment processes, which will be benefit financers in Hong Kong’s SME lending market.

Andrew Wu

Dun & Bradstreet Hong Kong

QFPay HK

QFPay HK has been dedicated to providing fast and secure payment services to our merchants as well as developing different business solutions to support our merchants to grow in this fast-changing market. We are proud to participate in the CDI project by HKMA and be one of the pioneers of business data providers. Through the collaboration with financial institutions and development of related platforms, our clients will experience commercial financing in a more intelligent and efficient way.

Will Leung

QFPay HK

Our Partners

Dun & Bradstreet (Hong Kong)

Know Your Customer

Nanyang Commercial Bank

Shanghai Commercial Bank

DBS Bank (Hong Kong)

Ping An OneConnect Bank (Hong Kong)

Tradelink Electronic Commerce

Ant Bank (Hong Kong)

Fubon Bank (Hong Kong)

China CITIC Bank International

Standard Chartered Bank (Hong Kong)

Octopus Cards

China Minsheng Banking Corp., Ltd

Chong Hing Bank

Lalamove

Dah Sing Bank

China Construction Bank (Asia)

Bank of East Asia

OCBC Bank (Hong Kong)

Companies Registry

eft Payments (Asia)

Bank of Communications (Hong Kong)

PingAn OneConnect Credit Reference Services Agency (HK)

Chiyu Banking Corporation

Public Bank (Hong Kong)

Citibank N.A.

Hongkong and Shanghai Banking Corporation

WeBank Technology Services

QFPay Haojin Fintech

Consented Data Exchange Gateway by Digital Policy Office

New World Development Company

Airport Authority Hong Kong

HKT Payment

JETCO

The Land Registry

HKICL Technology Solutions Limited

Industrial and Commercial Bank of China (Asia)

Bank of China (Hong Kong)

GS1 Hong Kong

FreightAmigo

FWD Life Insurance Company (Bermuda)

CMB Wing Lung Bank

Hang Seng Bank

ZA Bank

Fusion Bank

Livi Bank

Hong Leong Bank

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