Neural Networks and Rules-based Systems used to Find Rational and Scientific Correlations between being Here and Now with Afterlife Conditions
Neural Networks and Rules-based Systems used to Find Rational and
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Although, open banking has been developed rapidly in China since 2018, there is not a clear legal regulatory framework. Open banking can stimulate competition, provide better services to customers, and reduce the traditional “screen-scrapping” risk. However, it causes concerns over data security, customer privacy, data abuse and challenges to current Chinese regulatory system. Therefore, it is necessary to establish a better regulatory system for open banking in China. Through learning from regulation forms in other jurisdiction, it is found that “active guidance” regulation is more appropriate for China which requires government to provide standards for open banking but not force banks to share data. Under the “Active Guidance” model, it is necessary to improve current Chinese regulatory and legal regime including establishing feasible rules for data portability implementation, constructing a multi-level regulatory system for data sharing, as well as changing data privacy protection mode from “Notice-Consent” to “Data Autonomy”.
Mi Wang. 2026. \u201cThe Legal Regulation Model of Open Banking in China\u201d. Global Journal of Human-Social Science - H: Interdisciplinary GJHSS-H Volume 23 (GJHSS Volume 23 Issue H4): .
Crossref Journal DOI 10.17406/GJHSS
Print ISSN 0975-587X
e-ISSN 2249-460X
The methods for personal identification and authentication are no exception.
Total Score: 131
Country: China
Subject: Global Journal of Human-Social Science - H: Interdisciplinary
Authors: Mi Wang (PhD/Dr. count: 0)
View Count (all-time): 168
Total Views (Real + Logic): 1333
Total Downloads (simulated): 19
Publish Date: 2026 01, Fri
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Although, open banking has been developed rapidly in China since 2018, there is not a clear legal regulatory framework. Open banking can stimulate competition, provide better services to customers, and reduce the traditional “screen-scrapping” risk. However, it causes concerns over data security, customer privacy, data abuse and challenges to current Chinese regulatory system. Therefore, it is necessary to establish a better regulatory system for open banking in China. Through learning from regulation forms in other jurisdiction, it is found that “active guidance” regulation is more appropriate for China which requires government to provide standards for open banking but not force banks to share data. Under the “Active Guidance” model, it is necessary to improve current Chinese regulatory and legal regime including establishing feasible rules for data portability implementation, constructing a multi-level regulatory system for data sharing, as well as changing data privacy protection mode from “Notice-Consent” to “Data Autonomy”.
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