China: People's Bank of China adopted Measures for the Administration of Data Security in the Business Field including cross-border data transfer regulations
Description
People's Bank of China adopted Measures for the Administration of Data Security in the Business Field including cross-border data transfer regulations
On 1 May 2025, the People's Bank of China adopted the Measures for the Administration of Data Security in the Business Field, formalising data security obligations for financial institutions and other authorised entities operating under its jurisdic…
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
Complete timeline of this policy change
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2023-07-24
in consultation
2023-08-24
processing consultation
2025-05-01
adopted