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China central bank chief says it is urgent to strengthen personal data protection -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Yi Gang, Governor of People’s Bank of China, attends a press conference about China’s economic growth ahead of the 70th anniversary of their founding in Beijing on September 24, 2019. REUTERS/Florence Lo

BEIJING, (Reuters) – China’s chief central banker Yi Gang stated Wednesday that it was urgent to improve personal data protection within the financial technology sector (fintech). Data protection is high up on the central bank’s agenda.

Yi stated that China is improving the law framework regarding personal data protection within the financial sector, and other countries are encouraged to join together in setting standards for personal information protection.

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