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China's central bank unveils data-security rules for finance, payment firms

By MLex Staff ( May 12, 2025, 08:35 GMT | Insight) -- China’s financial and payment institutions are bracing for a new set of data-security measures, as the country’s central bank ramps up data security management in the business areas under its purview and drives greater data utilization. First unveiled for public comment in 2023, the finalized rules have now been published by the central bank and will take effect on June 30.China’s financial and payment institutions are bracing for a new set of data-security measures, as the country’s central bank ramps up data security management in the business areas under its purview and drives greater data utilization....

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