Recently, leveraging the Shenzhen-Hong Kong cross-border data verification platform, Shenzhen successfully issued a consumer loan to a Hong Kong resident in mainland China. This achievement marks a significant breakthrough in the Shenzhen-Hong Kong cross-border financial pilot initiative. The pilot project was a collaborative effort between the Shenzhen Branch of the Agricultural Bank of China, Baihang Credit, and TransUnion Hong Kong. It has established a groundbreaking precedent for the cross-border verification of credit data for Hong Kong residents traveling to the mainland, substantially lowering the barriers for cross-border financing for these individuals. Looking ahead, the platform is set to expand its reach to encompass scenarios such as cross-border trade settlement and wealth management, thereby encouraging a greater number of financial institutions to participate in this innovative endeavor.