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Shenzhen to Pilot Chief Information Officer System
In response to a discover launched on its official web site on August 11th, Shenzhen municipal authorities, governments of Futian District, Nanshan District, Baoan District, Pingshan Districts, and eight city-level bureaus (together with the general public safety bureau and human sources bureau) will take part within the pilot to arrange chief information officer (CDO) of their companies.
The primary accountability of CDO is to advertise the development of a wise metropolis and digital authorities, enhance information standardization administration and information integration, innovation, and utility, implement common steerage and supervision, and contribute to constructing information expertise groups.
In June 2021, Shenzhen handed Information Regulation in Shenzhen Particular Financial Zone, the primary built-in information laws in China, clarifying the scope and sort of data-related rights and pursuits, strengthening safety of non-public information, constructing a system of knowledge administration, and offering the authorized basis for chief information officer system. (Supply: Shenzhen Authorities On-line)
Guangdong Launches Blockchain-based Tax Rebate Service
Early this month, the primary blockchain-based export certificates was issued in Foshan, Guangdong Province.
As one of many pilot areas of the blockchain-based export tax rebate service in China, Guangdong Provincial Taxation Bureau has been dedicated to making the most of the accuracy and reliability of the blockchain know-how to enhance the effectivity of tax rebates.
On the preliminary stage, the progressive know-how will probably be primarily used within the issuance of two certifications, specifically “Agent Export Items Certificates” and “Entrusted Export Items Certificates”. (Supply: ChinaNews.com)
Beijing Monetary Court docket to Strengthen the Safety of New Fairness Resembling Authorized Digital Forex and Information
On August 10th, the Beijing Monetary Court docket issued a number of initiatives to supply justice and assist within the discipline of economic reform and innovation for the development of the Beijing Pilot Free Commerce Zone and the nationwide complete demonstration zone for increasing opening-up within the service sector.
In response to the doc, the court docket suggests strengthening the safety of recent fairness comparable to authorized digital forex, digital property, and information. (Supply: Beijing Monetary Court docket)
The CBIRC Launches Rectification In direction of Malfeasances within the On-line Insurance coverage Business
In recent times, the event of on-line insurance coverage has entered the quick lane. On the similar, malfeasances, comparable to deceptive gross sales, inflated charges, and unlawful utilization of consumer info, have proliferated. The
CBIRC has just lately issued a discover regarding rectification for such wrongdoings within the rising business, requiring that each one insurance coverage establishments conduct investigations on their on-line insurance coverage enterprise since 2020, discovering out the irregularities and rectify the issues. (Supply: Xinhua.web)
The above is a weekly synopsis of the largest tales on Fintech in China supplied by WeiyangX, a part of Tsinghua College, in partnership with Crowdfund Insider.
WeiyangX is probably the most influential web site specializing in Fintech in China. The positioning covers the most recent information, business information evaluation, enterprise practices, and in-depth circumstances in Fintech. WeiyangX is incubated by Fintech Lab. Based by Tsinghua College’s Folks’s Financial institution of China (PBC) Faculty of Finance in 2012, the Fintech Lab is the primary and main analysis entity devoted to main finest practices, selling interdisciplinary innovation, and inspiring entrepreneurship within the discipline of fintech via scientific analysis and progressive venture incubation.