On 13 February 2020, the People's Bank of China ("PboC") and the China Financial Standards Technical Committee issued the Personal Financial Information Protection Technical Specification (JR/T 0171-2020) (《个人金融信息保护技术规范 (JR/T 0171-2020)》) (the "Specification"). Based on the Cybersecurity Law of the People's Republic of China (《中华人民共和国网络安全法》) (the "PRC Cybersecurity Law") and the regulatory rules previously issued by PBoC on personal financial information protection, the Specification puts forward systematic and specific requirements covering the whole life-cycle of personal financial information processing from the perspectives of security technology and security management. Compared with the existing laws and regulations, the Specification is more practical and thus can play an important guiding role in compliance practices for financial institutions and relevant enterprises in the financial industry. In this commentary, we will analyze the key points of the Specification from the perspective of corporate compliance, with a focus on how the Specification's new requirements overlay existing regulations and standards.