In the News: Data Protection Law Draft; Baoshang Bank Takeover; and Tougher CSRC Penalties

June 03, 2019 | BY

Marilyn Romero

China's internet regulator releases a draft of data protection law for public consultation; regulators take over Baoshang Bank due to serious credit risk exposure; and CSRC vice chair Yan Qingmin pushes for tougher penalties.

Data privacy

Internet regulator seeks public views on draft data regulations

The Cyberspace Administration of China, the country's internet regulator, has released for public consultation its proposed data security regulation, and is seeking views on the draft. The new law applies to the network-based collection, storage, transmission, processing, and use of data, as well as data security protection and supervision in the country. The draft also requires operators to take immediate action in events of personal information leakage or when data security risks increase significantly.

The draft regulation requires network operators to neither force nor mislead users into agreeing to the collection of their personal information on such pretexts as improving service quality or enhancing user experience. The draft will be open for suggestions and opinions until June 28.

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