[anonawayoct3]

The bigger question is if this means it would be harder for the NSA or other American government agencies to get my data?

I assume a Chinese company would laugh at a National Security Letter? Since I'm an American, I don't worry about China having my data.

[uptown]

If China has your data they’re one step closer to having access to taking your money. Are you okay with them taking your money too? What recourse would you have?

[lev99]

It depends on _how_ they took your money, but there are several insurance options available for Identify Theft which includes unauthorized bank withdraws.