China c.bank chief says it is urgent to strengthen personal data protection

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Governor of People's Bank of China (PBOC) Yi Gang attends a quality league connected China's economical improvement up of the 70th day of its founding, successful Beijing, China September 24, 2019. REUTERS/Florence Lo

BEIJING, Nov 3 (Reuters) - China volition fortify idiosyncratic protections successful the fiscal exertion assemblage to curb unauthorised information postulation and abuses, the country's cardinal slope main said connected Wednesday.

Beijing volition amended the ineligible frameworks successful the assemblage and countries should jointly acceptable standards for idiosyncratic information protection, People's Bank of China Governor Yi Gang said via video astatine the Hong Kong Fintech week.

Data extortion is precocious connected the cardinal bank's agenda, Yi said, adding that immoderate large tech companies person collected customers' information without support oregon misused specified data.

"Going forward, we volition proceed to amended the ineligible strategy for idiosyncratic accusation extortion successful the fiscal assemblage and fortify regularisation accordingly," Yi said.

China has preliminarily established a ineligible strategy for idiosyncratic information extortion and authorities departments volition instrumentality supervision, Yi said.

At the aforesaid time, helium added said China should beforehand tenable information usage and marque transactions much convenient, truthful arsenic to alteration tech innovation.

China has launched a flurry of crackdowns targeting sectors ranging from exertion to cryptocurrency and after-school tuition.

Reporting by Beijing newsroom and Kevin Yao; Editing by Christopher Cushing and Sam Holmes

Our Standards: The Thomson Reuters Trust Principles.

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