数据出境具体情形及可跨境流动数据项清单进一步明确——金融业数据跨境流动将更加高效规范

Core Viewpoint - The People's Bank of China and six other departments have jointly issued the "Guidelines for Promoting and Regulating the Compliance of Cross-Border Data Flow in the Financial Industry," aimed at enhancing the efficiency and standardization of cross-border data flow for financial institutions, clarifying specific circumstances for data exit and a list of data items that can flow across borders [1][2] Group 1: Guidelines Overview - The "Guidelines" were developed after extensive research and discussions, initiated by the People's Bank of China in March 2024, to address the cross-border financial business needs of various financial institutions [2] - The "Guidelines" focus on the outbound flow of personal information and important data, clarifying the rules for cross-border data flow in the financial sector [2][3] - A total of 47 specific financial business scenarios have been identified that can be exempt from data exit safety assessments, including cross-border payments and remittances, aligning with the requirements of the upcoming regulations [2][3] Group 2: Implementation and Impact - The "Guidelines" aim to help financial institutions better implement the upcoming regulations, leveraging policy benefits to facilitate cross-border data flow in the financial industry [3] - By clarifying scenarios where compliance obligations can be waived, the "Guidelines" reduce compliance costs and improve operational efficiency for businesses engaged in cross-border transactions [3] - The "Guidelines" also align with existing laws and regulations, helping to standardize practices and mitigate data security risks, thus addressing potential compliance issues from excessive discretionary power by financial institutions [3]