The FT reports that the news comes “as foreign companies become increasingly concerned about Beijing’s tough cybersecurity rules”, despite China’s cybersecurity laws covering similar regulations to the EU’s General Data Protection Act (GDPR) or the EU Cybersecurity Act.
The Wall Street bank was basing its interns in China in its offices in the country, where 80% of its staff had returned to work, instead of giving them remote access to work from home, two people familiar with the situation tell the FT.
The interns were originally set to do virtual programmes like those at Morgan Stanley’s global peers, they say.
