China: People's Bank of China and six other departments released guidelines on cross-border data flow compliance in financial sector
Description
People's Bank of China and six other departments released guidelines on cross-border data flow compliance in financial sector
On 17 April 2025, the People’s Bank of China, the State Administration of Financial Supervision, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, the Cyberspace Administration of China, and the National Data …
Scope
Policy Area
Data governance
Policy Instrument
Cross-border data transfer regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
central bank