The Hong Kong Monetary Authority (HKMA) announced the successful connection of its Commercial Data Interchange (CDI) to Hong Kong’s Land Registry (LR) through the Government’s Consented Data Exchange Gateway (CDEG). The new LR@CDI linkage allows CDI participating banks to automate land search processes, building on the earlier Companies Registry connection (CR@CDI). Through LR@CDI, banks can access land and ownership information via application programming interface (API) for straight-through processing, supporting property valuation and mortgage and loan assessments for individual and corporate customers. The linkage also provides e-Alert notifications via API when further charge or mortgage documents are lodged for registration, giving banks updates relevant to the risk profile of mortgaged properties. The HKMA and the Digital Policy Office stated they will explore further data-sharing opportunities with additional government bureaux and departments using the CDI-CDEG linkage. The HKMA also reported that since the CDI-CDEG linkage entered full operation in August 2024, CR@CDI has averaged around 1.5 million data transfers per month, with eight banks actively using the service and more expected to join.
Hong Kong Monetary Authority 2025-05-22
Hong Kong Monetary Authority links Commercial Data Interchange to the Land Registry via CDEG to automate banks’ land searches
The Hong Kong Monetary Authority (HKMA) has linked its Commercial Data Interchange (CDI) to Hong Kong’s Land Registry via the Government’s Consented Data Exchange Gateway. This LR@CDI connection allows participating banks to automate land search processes and receive e-Alert notifications, enhancing property valuation and mortgage assessments. The HKMA plans to explore further data-sharing opportunities with more government departments.