Data protection ‘high on the agenda’, says PBoC governor

Ant Financial
The PBoC has forced Ant to hand over customer data

Personal data protection is “high on the agenda” of the People’s Bank of China, said governor Yi Gang in a speech that called for more co-ordinated global efforts to tackle the issue.

The central bank has been clamping down excessive collection and unfair clauses requiring data, as fintech players increasingly leverage data to profit from customers, breeding cases of misuse, Yi said at a fintech conference organised by the Hong Kong government today (November 3).

Yi said Europe Union’s General

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.