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.

3 minute read July 25, 2023 at 05:55 AM

Susan Mok

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)

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