Free Trial

China Should Tighten Financial Data Regulation: Daily

CHINA PRESS

China should accelerate the implementation of legislation covering data ownership to prevent unfair competition in the use of data and technological advantage, the Economic Information Daily reported citing industry participants. China should consider digital taxes, especially on platforms with huge consumer traffic, the newspaper reported citing the former Deputy Minister of Finance Zhu Guangyao. China should also implement trading mechanisms and sharing platforms for financial data to break barriers and monopolies and strengthen the protection of personal information, the Daily reported citing Wang Zhaoxing, the former vice chairman of the China Banking and Insurance Regulatory Commission.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.