China: Implemented Regulation on the Administration of Credit Investigation Industry including data localisation requirements
Description
Implemented Regulation on the Administration of Credit Investigation Industry including data localisation requirements
On 1 January 2022, the “Regulation on the Administration of Credit Investigation Industry” of the People's Bank of China entered into force. Article 39 of the Regulation requires credit investigation agencies carrying out credit investigation business and related activities in China, to store the collected credit information within the territory of China.
Original sourceScope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
central bank