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Finance

China releases guidelines to facilitate cross-border flows of financial data

Published by Global Banking & Finance Review

Posted on April 17, 2025

1 min read

· Last updated: April 17, 2025

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China's New Guidelines for Cross-Border Financial Data Flows

BEIJING (Reuters) - China has released guidelines to facilitate more efficient and standardised cross-border flows of Chinese and foreign financial institutions' data, the central bank announced on Thursday.

The guidelines, jointly released by six government agencies including the People's Bank of China, further clarify the circumstances of data outflows and the list of data items that can flow across borders, the statement said.

(Reporting by Beijing Newsroom)

Key Takeaways

  • China releases new guidelines for cross-border financial data.
  • Guidelines aim to standardize data flows for institutions.
  • Six government agencies, including the People's Bank of China, involved.
  • Clarifies circumstances and items for data outflows.
  • Enhances efficiency for Chinese and foreign financial institutions.

Frequently Asked Questions

What is the main topic?
The main topic is China's new guidelines to facilitate cross-border flows of financial data for Chinese and foreign institutions.
What do the guidelines clarify?
The guidelines clarify the circumstances of data outflows and the list of data items that can flow across borders.
Who released the guidelines?
The guidelines were released by six government agencies, including the People's Bank of China.

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