Implications of Cross-border Data Transfers for Hong Kong SAR-based Financial Institutions Implications of Cross-border Data Transfers for Hong Kong SAR-based Financial Institutions Implications of Cross-border Data Transfers for Hong Kong SAR-based Financial Institutions

Hong Kong SAR-based businesses that collect and transfer information across borders are required to ensure they comply with new laws and guidelines related to privacy and data security. The Chinese Mainland is among the many jurisdictions that have implemented these regulations, covering various scenarios and affecting many financial institutions.

The complexity of the rules can pose challenges for many Hong Kong SAR-based organisations, so it is crucial that they fully understand the requirements and have protocols in place to manage cross-border data transfers.

This flyer serves as a reference point for Hong Kong SAR businesses affected by the rules to help ensure compliance. Stay informed about complex and constantly changing regulations regarding the handling of personal information and other data to avoid potential compliance issues.