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China’s “piecemeal” approach to data protection making life difficult for banks: lawyers

China may have taken “significant steps” towards enforceable data protection, but the generally piecemeal approach adopted by authorities is making compliance difficult, lawyers tell Asian Private Banker. In June, cybersecurity laws were enacted so that the applicable scope of “network operators” includes “financial institutions that collect citizens’ personal information and provide online services” – thus affecting private banks that offer online services for…

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