Chinese tech giants are set for further scrutiny on how they collect and handle user’s data after the passage of the Personal Information Protection Law, CCTV News reports.

  • The PIPL sets out comprehensive rules on data, paving the way for the end of piecemeal legislation and draft laws.
  • The final version of the data security regulations is yet to be published, with Chinese tech giants set to incur fines if they break the rules.
  • The passage of PIPL follows growing concerns by Beijing over how data companies collect and use data.

Chinese tech companies are warming up for further restrictions, with Tencent sending a warning on Wednesday that tighter regulations in the tech industry are coming up.

Hang Seng Index is down -1.84%, USDCNY is up +0.05%.