China’s new personal credit reporting rules leave fintech, big data firms in the lurch

China’s new personal credit reporting rules leave fintech, big data firms in the lurch

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

China’s fintech platforms and big data providers are racing to feed troves of consumer data into the country’s two licensed personal credit reporting companies to meet new rules designed to better protect personal information from abuse.