1、Data security:Safeguarding High-quality Development of the Digital EconomyOctober 2024 is finalised and will take effect January 1,20252 2024 KPMG Huazhen LLP,a Peoples Republic of China partnership,KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland,member firm of the KPMG g

2、lobal organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Document Classification:PublicEnhancement of data security capabilities is a fundamental compliance obligation and a timely move to maintain co

3、mpetitiveness in the digital era“Enhance data security capabilities,establish a fundamental system for data classification and grading protection,and improve the work system for network data monitoring,early warning,and emergency response.”-,2023,by the Central Committee of the Communist Party of Ch

4、ina and the State Council Strengthening data security capabilities is a fundamental compliance obligationData security management is undergoing a shift from reactive legislation to proactive practice.Regulatory frameworks for personal information protection have become increasingly comprehensive,pro

5、moting the standardisation and systematisation of data security practices.The identification and protection of sensitive data,as well as the exploration of flexible cross-border data transfer regulatory mechanisms,are also advancing.Businesses must remain vigilant to ensure ongoing compliance.Data s

6、ecurity bolsters technological innovationAs emerging technologies such as big data,artificial intelligence,and blockchain become more widely adopted,new security challenges emerge.To enable seamless technological innovation,enterprises must continuously upgrade their security measures with close att