IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 May 2011 | Removal date: open ended
Still in force

Local operations

On 21 January 2011, the People's Bank of China issued the Notice on Financial Institutions' Protection over Personal Financial Information. (Yin '2011' No.17) This measure is set up to protect the personal information from being infringed and abused for illegal purpose.
 
In relevant parts,paragraph 6 of this Notice stipulates that personal financial information collected in China shall be stored, processed and analyzed in China. No financial institution is allowed to transfer the personal financial information outside China unless otherwise specified in other laws and regulations.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.