Chinese data company Qichacha has announced its resumption of overseas operations after passing a data export security assessment. This move reflects a relaxation in China’s strict government controls on data sharing due to national security concerns. The company is the first to receive approval from the Cyberspace Administration of China for providing corporate creditworthiness data inquiries. This development comes after months of closed access to offshore users, as reported by Reuters earlier this year.
The Chinese cybersecurity regulator had issued draft rules in October, easing restrictions on the transfer of data outside mainland China. This regulatory change addresses a major challenge faced by foreign businesses operating in China. The administration did not immediately respond to CNBC’s request for comment on Qichacha’s announcement. For more insights on developments in China, check out CNBC Pro’s coverage.
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