The Multiple Credit Reference Agencies (MCRA) proposed by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) for addressing systemic financial risks in Hong Kong is scheduled to officially go online in November 2022. In order to enhance our members’ knowledge on the operation of the MCRA, the Association organised a webinar on “Presentation on the Development of Consumer Credit Reference Database and Financial Data Circulation in the Greater Bay Area” on the afternoon of 14 March 2022. Mr Dickson So, Chairman of Nova Credit, and Mr Samuel Ho, Chief Executive Officer of Nova Credit, delivered speeches on the current progress, development, and solutions of the MCRA, and the application scenarios of the Platform for Mutual Trust and Recognition of Cross-border Data in the Greater Bay Area. About 35 senior executives in charge of retail business or IT from 19 member firms attended the presentation.