Proceedings of the 5th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2023, December 8–10, 2023, Guangzhou, China

Research Article

Analysis of the Legal Regulation of Cross-border Flow of Financial Data in China

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  • @INPROCEEDINGS{10.4108/eai.8-12-2023.2344822,
        author={Peng  Qi and Yuanqi  Sun},
        title={Analysis of the Legal Regulation of Cross-border Flow of Financial Data in China},
        proceedings={Proceedings of the 5th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2023, December 8--10, 2023, Guangzhou, China},
        publisher={EAI},
        proceedings_a={MSIEID},
        year={2024},
        month={4},
        keywords={international economic and trade rules · trade in financial services · cross-border data flow},
        doi={10.4108/eai.8-12-2023.2344822}
    }
    
  • Peng Qi
    Yuanqi Sun
    Year: 2024
    Analysis of the Legal Regulation of Cross-border Flow of Financial Data in China
    MSIEID
    EAI
    DOI: 10.4108/eai.8-12-2023.2344822
Peng Qi1,*, Yuanqi Sun1
  • 1: Xi’an Jiaotong University
*Contact email: 15339228678@163.com

Abstract

In the digital economy environment, the cross-border flow of financial data has become increasingly important, but a unified regulatory mechanism has not been formed in the world, which brings obstacles to the flow of transnational financial data. Differentiated free trade agreements (FTA) can have different effects on the transnational flows of financial data. China has a huge demand for the cross-border flow of financial data, but the potential risks can not be ignored. This paper aims to establish an effective regulatory regime to ensure data security and maximize its economic value. Considering that China's construction and participation in the supervision of cross-border financial data flow is still in its infancy, it is necessary to improve the supply level of the rules of the free trade zone, so as to promote the healthy development of China's financial service trade.