The People's Bank of China and five other departments jointly issued the "Guidelines for Promoting and Regulating the Cross-Border Flow of Financial Industry Data".

On April 17, according to the People's Bank of China, the People's Bank of China and five other departments jointly issued the "Guidelines for Promoting and Regulating Cross-border Flow of Financial Industry Data" (hereinafter referred to as the "Guidelines"). The "Guidelines" aim to promote more efficient and standardized cross-border flow of financial industry data between Chinese and foreign financial institutions, further clarify the specific circumstances of data leaving the country and the list of data items that can be cross-border, and facilitate cross-border data flow. The "Guidelines" require financial institutions to take necessary data security protection management and technical measures to effectively ensure data security. In the next step, the People's Bank of China will work with relevant departments to continuously optimize and improve in accordance with the implementation and effects of the "Guidelines", and continue to promote high-level opening of the financial industry.