Shanghai's government has announced that financial institutions within the city's free trade zones will now have the ability to transfer daily operational data overseas, adhering to the national data transfer security protocol. This marks a significant relaxation of China's stringent data rules that were established over a year ago. The move is set to accelerate approvals for foreign firms looking to send their local data offshore, signaling a major policy shift by Chinese authorities.
Exclusive-Shanghai to Allow Faster Data Transfer From China for Foreign Firms-Sources https://t.co/xVQTblPYe6
Exclusive: Shanghai to allow faster data transfer from China for foreign firms-sources https://t.co/u07RIXeDl3 https://t.co/nxBq3NfS0c
Sources: Shanghai plans to accelerate approvals for foreign firms wanting to send their local data offshore, a major relaxation of China's stringent data rules (Reuters) https://t.co/ikUKpB93zO š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/koe8RgpVXo
Exclusive: Shanghai plans faster offshore data transfer approvals for foreign firms https://t.co/4G9pQOL6Zp https://t.co/WYHvsF6AnF
Exclusive: Shanghai plans to accelerate approvals for foreign firms wanting to send their local data offshore, in what would be a major relaxation of China's stringent data rules unveiled more than a year ago https://t.co/kbHeXXaAgP
š“ SHANGHAI GOVT: FINANCIAL INSTITUTIONS IN SHANGHAI FREE TRADE ZONES CAN TRANSFER DAILY OPERATIONAL DATA OVERSEAS UNDER NATIONAL DATA TRANSFER SECURITY PROTOCOL