Legal Principles, Difficulties and System Construction of Personal Financial Information Protection

Abstract

The characteristics of personal financial information are different from general personal information. In order to ensure the healthy and orderly development of China’s financial industry in the era of digital economy, a special personal financial information protection law should be formulated. In the context of the digital economy, there are two major problems in the protection of personal financial information: uncertainty of partial concepts and difficulties in private law relief. The scope of personal financial information, the subject of processing, and the criteria for judging financial privacy should be clarified in personal financial information protection legislation; and the private law relief system should be improved in terms of establishing risk civil liability and related causality.