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’

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