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Platform to safeguard cybersecurity in China’s financial sector takes shape

Abstract : China's financial sector has preliminarily established a platform for cybersecurity situation sensing and information sharing, according to the country's central bank.

BEIJING, Dec. 13 (Xinhua) — China’s financial sector has preliminarily established a platform for cybersecurity situation sensing and information sharing, according to the country’s central bank.

The People’s Bank of China (PBOC) convened a meeting to demonstrate the platform earlier this month. The platform is expected to bring 408 institutions together to fight cybersecurity threats.

Organized by the PBOC, the construction of the platform has been undertaken by the Industrial and Commercial Bank of China (ICBC) in collaboration with the China Construction Bank and other financial institutions.

It is important cybersecurity infrastructure for the financial sector, and more efforts will be made to improve the quality of data submissions from financial institutions, attract more enterprises to participate, and boost the sharing of information and services by those in or out of the sector to address cybersecurity threats, said Fan Yifei, deputy governor of the PBOC. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Platform to safeguard cybersecurity in China’s financial sector takes shape

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