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China issues guidelines on financial services data amid broader cybersecurity push

Regulation & LegislationCybersecurity & Data PrivacyFintech

China's cybersecurity administrators moved to tighten the grading and classification of data in the financial information services sector. The measure is aimed at strengthening data security management and regulating industry development. The announcement is a modest regulatory headwind for financial data and information service providers rather than a direct market shock.

Analysis

China's cybersecurity administrators moved to tighten the grading and classification of data in the financial information services sector. The measure is aimed at strengthening data security management and regulating industry development. The announcement is a modest regulatory headwind for financial data and information service providers rather than a direct market shock.

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