China Proposes Easing of Cross-Border Data Controls

By Jiahui Huang

China's cyberspace regulator has proposed the easing of cross-border data-security controls in a bid to boost business activities within the country.

Under draft rules proposed by the Cyberspace Administration of China, transfers of data relating to international trade, academic collaboration, global manufacturing and marketing activities that don't contain personal information or important data no longer need to go through steps such as undergoing a security review or obtaining consent to transfer information.

The regulator posted the draft rules on its website late Thursday, and is seeking public comment on the proposed regulations.

Technology stocks in Hong Kong advanced Friday following the release of the draft rules. Alibaba Health Information Technology jumped 12% and JD Health rose 9.0%. The Hang Seng Tech Index was up 4.3% in afternoon trade.

Write to Jiahui Huang at [e-mail]

(END) Dow Jones Newswires

09-29-23 0309ET