Banking and Finance
People's Bank of China, Measures for the Administration of Data Security in the Business Areas of the People's Bank of China (Draft for Comments)
Legislation roundup: PBOC data rules, non-bank financial institutions and auto finance companies
People's Bank of China issues rules restricting cross-border transfer of its business data. The National Administration of Financial Regulation permits overseas non-financial institutions to serve as investors in financial asset management companies. The financial requirements for establishing auto finance companies are substantially increased.
By
Susan Mok