Zhou Yu of the People’s Bank of China： strive for the formation of financial data cross -border flow system arrangements to help foreign financial institutions reduce the cost of cross -border complia
Shanghai Securities News (Reporter Zhang Jones) Zhou Yu, head of the International Department of the People’s Bank of China on March 20, said at a routine hair dryer meeting on the State Council on March 20 that in terms of foreign communication and exchanges, the People’s Bank of China has taken the initiative to strengthen since last year.The communication with other countries’ financial management departments, while strengthening communication and exchanges with international financial organizations, foreign financial institutions, especially large multinational banks, these tasks have played a very active role in stable foreign capital.
Zhou Yu said that in terms of solving the concerns of financial institutions, the People’s Bank of China is doing two aspects of work.According to her, on the basis of cross -border flow of data from the financial department, on the basis of listening to the demands of multinational financial institutions and conducting full research, the People’s Bank of China is in conjunction with several other financial management departments to strive to form a financial data cross -border flow system arrangement, which is clearImportant data catalogs in the financial field are uniformly regulated and compliant calibers to give foreign institutions more clear rules.
”Under the premise of meeting financial security and data security, it is as much as possible to help foreign financial institutions reduce the cost of cross -border compliance in data transmission, improve data transmission efficiency, and make foreign financial institutions operate in China faster and more convenient, further attract more foreign financial institutionsGo to the Chinese exhibition industry. “Zhou Yu said.
In terms of payment, Zhou Yu said that the People’s Bank of China has recently introduced many measures for optimized payment services and released the “Guide to Payment of Foreign Staff Come to China”.The People’s Bank of China also wants to realize the front movement as much as possible, so that foreigners have such a guide before they come to China, so that they can enjoy greater convenience after coming to China.
