Aug 31, 2023 06:52 AM
FINANCE
China Fixes Bug in Data Rules That Froze Up $21 Trillion Bond Market
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Five regulatory bodies published new rules on money brokers’ data services, focusing on data security
China cleared the way for money brokers to resume charging customers for data services after regulators abruptly slammed the door on the business in March, rattling the nation’s $21 trillion bond market.
Regulators published new rules Wednesday for the services, focusing on data security. The regulations issued by five watchdog agencies outline requirements on security, quality and fee charges for data services provided by money brokers.
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