Hong Kong is one of the world’s premier data hubs, and is a major player in the digital economy. It is home to the world’s largest submarine cable, and has a growing list of colocation and data center offerings.
In short, it’s a thriving digital economy with over a quarter million digital businesses and a booming tech industry, which has helped Hong Kong maintain its status as an important global financial center. The city’s burgeoning tech ecosystem has also led to a steady influx of new government datasets, which are increasingly available for public consumption.
Using the latest technology to manage and process large volumes of data has become a critical business priority for companies across all sectors. However, a lack of information management systems and poor data security practices can lead to data loss and damage.
The best way to mitigate these risks is to put in place a comprehensive data security and management strategy, as well as a robust IT infrastructure. It’s also crucial to understand the regulatory framework governing data protection in Hong Kong.
The most noteworthy of these is the PDPO (Hong Kong’s Personal Data (Privacy) Ordinance). This legislation contains regulatory requirements in relation to the collection, handling and use of personal data. The most obvious is the PDPO’s requirement that any cross border transfer of personal data be in accordance with Hong Kong’s data protection law, which includes the Data Protection Principles (DPPs) and the relevant privacy rules. There are a variety of other privacy laws that may be applicable in different situations, including but not limited to the EU Data Directive and the UK Data Protection Act.