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China issues cross-border financial data transfer guidelines to financial institutions

( April 18, 2025, 10:01 GMT | Official Statement) -- MLex Summary: Six Chinese government departments, including the central bank and the Internet regulator, have jointly issued a set of compliance guidelines for financial institutions in a bid to boost and regulate their cross-borders transfers of financial data, according to the People’s Bank of China. The compliance guidelines further clarify the specific circumstances for data exports and provide a list of data items that can be transferred across borders. They also require financial institutions to implement necessary data security management and technical measures to ensure data security. The compliance guidelines were not disclosed to the public. Below please find the statement: ...

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