The icon for the Tencent Holdings Ltd. WeChat messaging application is seen in this arranged photograph taken in Hong Kong, China, on Thursday, Oct. 12, 2017. Regulators elsewhere may be clamping down on the financial industry's use of private messaging apps, but in China the practice is flourishing. Players in the country's $11 trillion bond market use personal accounts on WeChat and QQ for everything from distributing research to soliciting orders. Photographer: Justin Chin/Bloomberg
Tencent Holdings Ltd is working with the Chinese government to create an electronic pass system that smooths travel between Hong Kong, Macau and the southern province of Guangdong.
The unusual proposal would see multiple travel documents linked to Tencent’s WeChat app to streamline border crossings, the Shenzhen, Guangdong-based company said in a statement. With the 'E-card’ ID system, users some day might be able to check into hotels and set up bank accounts if regulators approve, the company said.
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