China expands data-verification model with Chongqing-Hong Kong platform
By Yonnex Li ( October 15, 2026, 07:57 GMT | Insight) -- China is expanding a model for cross-border data flows without sending the underlying information abroad, launching a Chongqing-Hong Kong platform that lets banks verify customer documents through blockchain-based digital codes. The system could become a template for expanding financial, healthcare and education services across borders while keeping data inside its home jurisdiction.China is expanding a model for cross-border data flows that allows banks to verify documents without sending the underlying information abroad, offering a way to ease one of the main constraints on cross-border business while preserving Beijing's data-sovereignty controls....
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