China Said to Delay Rules Restricting Banks’ Foreign Technology

April 17, 2015 2:29 AM

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Chinese regulators suspended the implementation of guidelines that would limit banks’ use of foreign technology, a person familiar with the matter said.

Banks received a notice this week from the banking regulator saying that the rules need to be revised, the person said, asking not to be identified as he isn’t authorized to speak publicly. The guidelines, which had been due to take effect this month, are delayed, not scrapped, the person said.

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