PBoC pushes big techs to hand over user data, report says

pboc building
The People's Bank of China

China’s central bank is pushing tech firms to share their clients’ personal data with state-backed credit-scoring firms by early December.

The People’s Bank of China ordered more than a dozen firms, including Tencent and Meituan, to share user data with state-backed companies Baihang and Pudao. The data ranges from people’s shopping records to travel history, the Financial Times said. Baihang and Pudao would in turn provide the data to banks for a fee to allow them to judge borrowers’

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account