On February 9, 2021, the People's Bank of China officially released the financial industry standard "JR/T 0218-2021 Guidelines for Financial Industry Data Capacity Building" (,hereinafter referred to as the Guidelines).
The Guidelines specifies the capability area demarcation of data strategy, data governance, data architecture, data specification, data protection, data quality, data application, and data lifecycle management, defines the relevant capability items, and proposes the building objectives and evolving scheme of each capability item.
The publication of the Guidelines is helpful in guiding financial institutions to explore the potential capacities of data elements and comprehensively improve the level of data management and application, so that the data planning, governance, application, as well as protection can be effectively implemented.
This standard was prepared by China Financial Standardization Technical Committee, proposed and drafted by the Technology Department of the People's Bank of China with the participation of relevant institutions from the industry. After extensively consultation and demonstration, this standard has passed the review of China Financial Standardization Technical Committee.
For detailed standards, please visit Financial Industry Standard Full Text System (see: http://www.cfstc.org/bzgk).