China Resumes Work on Banking Cyber Security Regulations

China has resumed work on a set of banking cyber security regulations it suspended earlier this year, reviving a potential source of friction with the United States just weeks before Xi Jinping makes his first trip to Washington as China's president, people with knowledge of the matter said. At a meeting in Beijing, officials from the China Banking Regulatory Commission (CBRC) told representatives from several Western technology companies, including Microsoft, IBM and Cisco Systems, they would seek opinions over the next month on a new version of the bank procurement rules, one of those present at the meeting said.