The People's Bank of China, together with the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, the Cyberspace Administration of China and the National Data Administration, has jointly issued compliance guidelines aimed at making cross-border flows of financial sector data more efficient and more standardised for Chinese and foreign-invested financial institutions. The guidelines clarify specific circumstances in which data may be transferred outside China and provide a list of data items permitted for cross-border movement, with the stated objective of facilitating compliant data transfers. Financial institutions are required to adopt necessary data security management and technical measures to safeguard data security. The People's Bank of China will work with the relevant departments to refine and improve the guidelines based on implementation experience and outcomes.
Central Bank of the Republic of China 2025-04-17
People's Bank of China and five agencies issue compliance guidelines to promote and regulate cross-border transfers of financial sector data
The People's Bank of China, with national regulatory bodies, issued guidelines to standardize cross-border financial data flows for Chinese and foreign-invested institutions. The guidelines specify conditions and permitted data items for transfer, aiming to facilitate compliant data movement. Financial institutions must implement data security measures, with ongoing refinement of guidelines based on practical outcomes.