People familiar with the matter said that after China tightened the supervision of the storage data in China, Morgan Stanley transferred more than 200 technical developers from mainland China.
According to Bloomberg report on July 19, people familiar with the matter said that these employees are equivalent to more than one -third of the total number of technical personnel in Mainland China.The deployment of most personnel has been completed.
People familiar with the matter ask for anonymity because they talk about uninterrupted information.A representative of Morgan Stanley did not comment.
The State Council of the State Council proposed a national institutional reform plan on March 7 this year, and proposed the establishment of the National Data Agency.The Wall Street Journal quoted people familiar with the matter that the agency would be the maker and executor of the data collection rules.For example, the agency has the right to prohibit enterprises from collecting certain types of consumer data; when Chinese companies plan to share data with overseas business partners, they will also be reviewed to determine whether the data sharing of data infringes national security.
The Wall Street Journal report said that not only Chinese companies are within the scope of regulatory regulations, but also multinational companies operating in China are also included.In the future, data from foreign companies' business in China will also be supervised and controlled.
