China’s Central Bank Issues Draft Rules on Data Security Management

China’s central bank is seeking public comment on draft rules covering its handling of data generated and collected in regulatory activities.

In draft guidelines posted Monday, the People’s Bank of China (PBOC) said the new rules are in accordance with China’s Data Security Law, which went into effect at the end of 2021. They aim to fill gaps in data-security management and guide data handling staff to carry out activities legally and efficiently, the central bank said.