About information security and rectification
$Futu Holdings Ltd (FUTU.US)$Personally, I think Futu should have no problems with compliance with personal information protection, but the relevant departments will still need some time to verify it. Mainly, the new law has just been implemented, and many detailed issues cannot be clarified even by the supervisory authorities, leaving the relevant enterprises at a loss.
The most likely outcome is that the regulatory authorities require Futu to rectify in accordance with the new regulations. (Actually, Futu has already been rectified last year)
Anyone familiar with the business environment in China knows that “rectification” is the most common word for a Chinese enterprise or government department.
Almost every enterprise or government department rectifies every once in a while. This is a process for the government to improve information security and laws and regulations. There will inevitably be clashes in the middle, but the purpose is not to cause the enterprise to die, but to make the enterprise healthier and the country safer.
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Qianmeng : The goal is to eat, drink, have fun, and achieve results. You can't kill a sheep unless you give orders from a giant flying man
小白菜66 : haha! You are so naive. Tu Gong has real names everywhere, so is there such a thing as personal information security? A red-headed document or even a sentence from a leader works better than the law. Clean up whoever you want to fix, no matter what kind of nonsense.
investing陈 : The question is, why do so many big banks need to apply for a license? It's so unfair to be able to do business without a license, isn't it?