Legislation roundup: PBOC data rules, non-bank financial institutions and auto finance companies

July 25, 2023 | BY

Susan Mok

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.

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)

中国人民银行中国人民银行业务领域数据安全管理办法 (征求意见稿)

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