HONG KONG : Chinese financial data provider Wind Information Co has blocked some offshore users from accessing certain business and economic data, people with knowledge of the matter said, fuelling concern about information access in the world's second-largest economy.Wind, one of the biggest Chinese data
HONG KONG : Chinese financial data provider Wind Information Co has blocked some offshore users from accessing certain business and economic data, people with knowledge of the matter said, fuelling concern about information access in the world's second-largest economy.
Offshore users' access to information that has been blocked includes business registry details such as a company shareholding structure and its ultimate controller, as well as macroeconomic data like land sales in certain cities, said the sources. Beijing has in recent years issued new cybersecurity, data and privacy laws that require organisations with large user bases to undergo assessments and approvals when handling the data they collect.Chinese lawmakers also passed a wide-ranging update to Beijing's anti-espionage legislation late last month, banning the transfer of any information related to national security and broadening the definition of spying.
Besides users at foreign firms offshore, some Hong Kong branches of Chinese state-owned financial firms have also found themselves being shut out of some Wind business and economic data, according to two of the sources.
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