THE People's Bank of China (PBC), the central bank, on Monday said it has plans to introduce a data rating system and manage data accordingly to ensure a targeted and differentiated data security management, according to a draft proposal released by the bank seeking public comment.

The draft was a legal document to implement the country's Data Security Law aimed at better governing data related to business scope of the central bank, the PBC said in a statement posted on its website on Monday. Such businesses include cross-border yuan business, interbank trading, payment and clearing business, digital yuan business, credit rating and anti-laundering.