China suspends bank-technology rules that sparked worry

April 17, 2015 3:40 AM

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BEIJING, April 17 (Reuters) - China has put on hold bank-technology rules that Washington and others complained amount to unfair regulatory pressure on foreign firms, a government notice seen by Reuters said.

The notice, dated Monday and issued by China's bank and tech industry regulators, said the rules to improve the security of banking technology were suspended until further notice while the government solicits feedback from banks.

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