The central bank and six other departments jointly issued the "Guidelines for Promoting and Regulating the Compliance of Cross-Border Data Flow in the Financial Industry"

The People's Bank of China and five other departments jointly issued the "Guidelines for Promoting and Regulating the Compliance of Cross-Border Data Flow in the Financial Industry," aimed at improving the efficiency and standardization of cross-border data flow for domestic and foreign financial institutions. The guidelines clarify the circumstances under which data can exit the country and provide a list of data items that can be transferred, while requiring financial institutions to take necessary data security protection measures. In the future, the People's Bank of China will continuously optimize these guidelines based on implementation results to promote a high level of openness in the financial sector