In the context of the digital economy,cross-border data flow becomes an important driving force for financial globalization.As a specific classification of financial data,securities data is characterized by high openness,strong customization,and distinct industry attributes,and is of strong regulatory demand for protecting personal privacy and corporate interests and maintaining financial security.The cross-border flow of securities data has a wide range of business scenarios in practice and current regulatory practices face several challenges such as rule conflicts and implementation difficulties.The article compares the regulatory mechanisms for the cross-border flow of securities data from a global perspective and sorts out the distinctive characteristics of the United States,the European Union,and other important international cooperation mechanisms.Drawing on this,regarding the construction of China's regulation system for the cross-border flow of securities data,the article puts forward specific suggestions for building a unified regulation system,clarifying the functions of regulatory entities,improving data classification and grading standards,promoting the formulation of industry standards,introducing professional third-party institutions,actively participating in international cooperation,and strengthening technology empowerment.
securities datafinancial regulationcross-border data flow