China's Central Bank Issues Draft Rules On Data Security Management For The Bank's Own Operations
Portfolio Pulse from Benzinga Newsdesk
China's Central Bank has issued draft rules on data security management for its own operations. The move is seen as part of the country's broader efforts to strengthen data security in the financial sector.
July 24, 2023 | 7:36 am
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The draft rules on data security management issued by China's Central Bank may impact the iShares China Large-Cap ETF (FXI), as it reflects the performance of the Chinese financial sector.
The draft rules on data security management are part of China's broader efforts to strengthen data security in the financial sector. As FXI reflects the performance of the Chinese financial sector, any changes in the regulatory environment could potentially impact the ETF. However, the exact impact will depend on the final rules and their implementation.
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