Key Information

inSight
Speeches
Speeches by Speaker
Norman T.L. Chan
Peter Pang
Eddie Yue
Arthur Yuen
Zeti Akhtar Aziz
Raymond Li
Edmond Lau
Esmond Lee
Meena Datwani
Vincent W.S. Lee
James Lau
Joseph Yam
Y K Choi
William Ryback
David Carse
Tony Latter
Andrew Sheng
Hans Genberg
Simon Topping
Michael Taylor
The Honourable Donald Tsang
Chen Yuan
Dai Xianglong
Don Brash
Jaime Caruana
Andrew Crockett
Mario Draghi
David Eldon
Stanley Fischer
Timothy F. Geithner
Stephen Grenville
Kenneth G. Lay
William McDonough
Ernest Patrikis
Glenn Stevens
Jean-Claude Trichet
Tarisa Watanagase
Zeti Akhtar Aziz
Carmen Chu
Alan Au
Press Releases
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
Press Releases by Category
Bogus Voice Message Phone Calls
Banking in Hong Kong
Fraudulent Websites, E-mails and Telephone System, and other fraud cases
Granting of Banking Licences
Exchange Fund
Table of Multiples of Notes and Payments for Allotted Amount under non-competitive tender
Table of Multiples of Notes and Payments of Application Amount under non-competitive tender
Tender of Exchange Fund Bills and Notes
Tender Results of Exchange Fund Bills and Notes
Tentative Issuance Schedule for Exchange Fund Bills and Notes
Appointments and Departures
HKMA Pay Review
HKMA Publications
Speeches
The Hong Kong Mortgage Corporation
Hong Kong Note Printing Limited
Hong Kong Institute for Monetary Research
Exchange Fund Investment Limited
Others
Hong Kong Financial Infrastructure
International Relations
Investment Products Related to Lehman Brothers
Monetary Policy
Notes and Coins
Renminbi business
Credit Card Lending Survey
Monetary Statistics
Residential Mortgage Survey
Year 2000
Others
Guidelines and Circulars
Guidelines
Circulars
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
515.5995

Press Releases

Commercial Credit Reference Agency Launched in Hong Kong

The Hong Kong Association of Banks (HKAB), The DTC Association (DTCA), the Hong Kong Monetary Authority (HKMA) and Dun & Bradstreet (HK) Ltd. (D&B) jointly announced today the launch of a Commercial Credit Reference Agency (CCRA) in Hong Kong. The CCRA, to be operated by D&B, the service provider appointed by the industry associations, will collate information about the indebtedness and credit history of small and medium-sized enterprises (SMEs) and make such information available to members of HKAB and DTCA for the purpose of granting, reviewing or renewing an SME's credit.

"With increased information about the creditworthiness of borrowers, SMEs with a good credit history will be able to obtain loans more quickly and at more competitive prices," said Mr. Julian Fong, Acting Chairman of HKAB. "At the same time, lending institutions can expedite the loan approval process and strengthen their credit risk management," he added.

Mrs. Lina Lee, Executive Committee member of DTCA, said, "Many members of the DTC Association are active lenders to SMEs. The services of the CCRA will undoubtedly enhance the credit risk assessment of lending institutions and enable them to provide better lending terms and rates to SMEs."

Mr. Arthur Yuen, Executive Director (Banking Development) of the HKMA, said, "CCRA is a common feature in leading financial centres. The setting up of a CCRA in Hong Kong is an essential element to enhance the safety and soundness of the financial system and is widely supported by both the financial industry and the business sector."

Mr. Lawrence Yee, Vice President & Managing Director of D&B, said, "After many months of close collaboration with HKAB, DTCA and HKMA, D&B is proud to be able to provide this world-class solution on schedule to help enhance the financial infrastructure in Hong Kong."

Contemporaneous with the launch of the CCRA, HKAB, DTCA and the HKMA have issued a revised leaflet on the CCRA to provide more up-to-date information about the scheme to the public. The leaflet can be obtained from HKAB and DTCA members and is available at the websites of the HKAB (www.hkab.org.hk), DTCA (www.dtca.org.hk), HKMA (www.hkma.gov.hk) and D&B (www.dnbasia.com/hk/english/ccra_detail.asp).

For further enquiries, please contact:

The Hong Kong Association of Banks
Ms. Katie Yip (2521 1160)

The DTC Association
Mr. P.C. Lund (2526 4079)

Hong Kong Monetary Authority
Mr. Thomas Chan (2878 1480)

Dun & Bradstreet (HK) Ltd.
Ms. Maisie Chan (2516 1100)

 

The Hong Kong Association of Banks

The DTC Association

The Hong Kong Monetary Authority

Dun & Bradstreet (HK) Ltd.

26 October 2004

Last revision date: 1 August 2011
ABOUT THE HKMA
The HKMA
Tender Invitations
Careers@HKMA
Legislative Council Issues
Links
The HKMA Information Centre
KEY FUNCTIONS
Monetary Stability
Banking Stability
International Financial Centre
Exchange Fund
PUBLICATIONS & RESEARCH
Annual Report
Half-Yearly Monetary & Financial Stability Report
Quarterly Bulletin
HKMA Background Briefs
Reference Materials
Research
MARKET DATA & STATISTICS
CMU Bond Price Bulletin
Economic & Financial Data for Hong Kong
Monthly Statistical Bulletin
Monetary Statistics
KEY INFORMATION
Press Releases
Speeches
Guidelines & Circulars
Forthcoming Events
inSight
OTHER INFORMATION
Information in Other Languages (Bahasa Indonesia, हिन्दी, नेपाली, ਪੰਜਾਬੀ, Tagalog, ไทย, اردو)
Account Opening
Consumer Corner
Consumer Education Programme
Complaints about Banks
Complaints about SVF Licensees
Internet Banking
Fraudulent Bank Websites, Phishing E-mails and Similar Scams
Be Careful of Bogus Phone Calls and SMS Messages
Authenticate the Callers and Bank Hotline Numbers
Register of AIs & LROs
Register of Securities Staff of AIs
Register of SVF Licensees
Investment Products Related to Lehman Brothers
Photo Gallery