China Publishes Notice Suspending Cyber Regs In Banking Sector

摘要

The Chinese government last week announced it will suspend the implementation of new regulations that would require foreign companies supplying information and communications technology (ICT) to China's financial institutions to turn over sensitive commercial information about their equipment, and that it would revise those rules after getting feedback from interested parties. The official notice was issued on April 13 by the China Banking Regulatory Commission (CBRC) and the Chinese Ministry of Industry and Information Technology (MIIT), though the Chinese government did not inform the U.S. government or other interested foreign parties until several days later.